Parallel Advisors LLC Sells 3,688 Shares of Lam Research Corporation $LRCX

Key Points

• Parallel Advisors LLC sold 3,688 shares of Lam Research, reducing its ownership by 18% to 16,843 shares, valued at approximately $1.64 million.
• Lam Research reported a significant quarterly performance with $1.33 earnings per share, beating estimates and showing a 33.6% increase in revenue year-over-year.
• The company announced a dividend increase from $0.23 to $0.26 per share, reflecting a 0.9% yield, due for payment on October 15th.

Parallel Advisors LLC trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 18.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,843 shares of the semiconductor company's stock after selling 3,688 shares during the period. Parallel Advisors LLC's holdings in Lam Research were worth $1,640,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LRCX. Brighton Jones LLC raised its holdings in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 12,936 shares in the last quarter. State of Wyoming purchased a new position in shares of Lam Research during the 4th quarter valued at about $475,000. Tidal Investments LLC raised its holdings in shares of Lam Research by 214.9% during the 4th quarter. Tidal Investments LLC now owns 117,838 shares of the semiconductor company's stock valued at $8,511,000 after buying an additional 80,418 shares in the last quarter. Vivaldi Capital Management LP raised its holdings in shares of Lam Research by 1,049.7% during the 4th quarter. Vivaldi Capital Management LP now owns 3,725 shares of the semiconductor company's stock valued at $282,000 after buying an additional 3,401 shares in the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of Lam Research by 970.8% during the 4th quarter. Vident Advisory LLC now owns 35,904 shares of the semiconductor company's stock valued at $2,593,000 after buying an additional 32,551 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

Shares of LRCX stock opened at $120.47 on Wednesday. The firm has a market cap of $151.92 billion, a P/E ratio of 28.96, a P/E/G ratio of 1.53 and a beta of 1.76. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $120.97. The business's 50 day moving average price is $101.91 and its 200-day moving average price is $87.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a $0.26 dividend. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio is 22.12%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. TD Cowen raised their price objective on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Oppenheimer lifted their price target on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Stifel Nicolaus lifted their price target on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, Needham & Company LLC lifted their price target on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $107.96.

Lam Research 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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