Optas LLC Has $533,000 Stake in Lam Research Corporation $LRCX

Key Points

• Optas LLC reduced its stake in Lam Research Corporation by 26.4% in the second quarter, holding 5,478 shares valued at $533,000 as reported in its latest SEC filing.
• Institutional investors now own 84.61% of Lam Research's stock, with Vanguard Group Inc. increasing its holdings by 6.9% in the first quarter.
• Analysts generally maintain a positive outlook on Lam Research, with multiple firms assigning a "buy" rating and raising price targets, including Goldman Sachs and B. Riley, which both set targets at $160.00.

Optas LLC decreased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 26.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,478 shares of the semiconductor company's stock after selling 1,961 shares during the period. Optas LLC's holdings in Lam Research were worth $533,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after buying an additional 8,364,375 shares during the last quarter. Invesco Ltd. grew its holdings in Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after buying an additional 472,636 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Lam Research by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock valued at $693,319,000 after buying an additional 1,953,221 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Lam Research by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock valued at $647,067,000 after buying an additional 418,077 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in Lam Research in the 1st quarter valued at approximately $604,344,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Morgan Stanley set a $125.00 target price on Lam Research and gave the company an "equal weight" rating in a report on Monday, September 22nd. The Goldman Sachs Group raised their price objective on Lam Research from $115.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday. B. Riley raised their price objective on Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Wall Street Zen upgraded Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Finally, Mizuho raised their price objective on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Twenty-three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $121.00.

Lam Research Price Performance

Lam Research stock opened at $142.54 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The company has a market capitalization of $179.75 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The business has a 50 day simple moving average of $113.18 and a 200 day simple moving average of $93.66.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research's revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is 25.00%.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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