PDT Partners LLC Has $1.54 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• PDT Partners LLC has reduced its stake in Lam Research Corporation by 59.7%, selling 31,486 shares, leaving them with 21,234 shares valued at approximately $1.54 million.
• Multiple institutional investors made significant increases to their holdings, with Brighton Jones LLC raising theirs by over 1,000% in the last quarter.
• Lam Research has recently increased its quarterly dividend from $0.23 to $0.26, reflecting a positive change in its financial outlook.

PDT Partners LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 59.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,234 shares of the semiconductor company's stock after selling 31,486 shares during the period. PDT Partners LLC's holdings in Lam Research were worth $1,544,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Partners Advisor Solutions LLC increased its position in Lam Research by 18.2% during the first quarter. Focus Partners Advisor Solutions LLC now owns 14,012 shares of the semiconductor company's stock worth $1,019,000 after purchasing an additional 2,162 shares during the last quarter. First Financial Bankshares Inc purchased a new position in shares of Lam Research in the first quarter valued at $2,599,000. Flputnam Investment Management Co. boosted its stake in Lam Research by 1.0% during the 1st quarter. Flputnam Investment Management Co. now owns 476,212 shares of the semiconductor company's stock valued at $34,621,000 after acquiring an additional 4,823 shares during the last quarter. Point72 Italy S.r.l. raised its holdings in shares of Lam Research by 668.4% during the first quarter. Point72 Italy S.r.l. now owns 156,046 shares of the semiconductor company's stock worth $11,345,000 after purchasing an additional 135,737 shares during the period. Finally, Graham Capital Management L.P. raised its holdings in shares of Lam Research by 681.5% during the first quarter. Graham Capital Management L.P. now owns 95,093 shares of the semiconductor company's stock worth $6,913,000 after purchasing an additional 82,925 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

LRCX traded up $2.53 on Friday, reaching $102.95. The company had a trading volume of 8,138,513 shares, compared to its average volume of 10,784,377. The company has a fifty day moving average of $99.87 and a 200-day moving average of $85.82. The company has a market capitalization of $130.30 billion, a P/E ratio of 24.75, a PEG ratio of 1.32 and a beta of 1.76. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02.

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

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research's payout ratio is 22.12%.

Analysts Set New Price Targets

A number of brokerages have weighed in on LRCX. Cantor Fitzgerald increased their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Barclays set a $83.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. UBS Group increased their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Raymond James Financial increased their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $107.22.

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.