Pensionfund Sabic Decreases Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Pensionfund Sabic reduced its stake in Lam Research Corporation by 13.6%, resulting in ownership of 24,200 shares valued at approximately $1.76 million following the sale of 3,800 shares.
• Lam Research reported a significant earnings surprise, with $1.33 EPS exceeding the consensus estimate by $0.12, and a revenue of $5.17 billion, which was above the expected $4.99 billion.
• The company has increased its quarterly dividend to $0.26, up from its previous $0.23, reflecting a 0.9% yield and a payout ratio of 22.12%.

Pensionfund Sabic decreased its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 13.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,200 shares of the semiconductor company's stock after selling 3,800 shares during the quarter. Pensionfund Sabic's holdings in Lam Research were worth $1,759,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Lam Research by 6.9% during 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 purchasing an additional 8,364,375 shares during the last quarter. Invesco Ltd. increased its position in shares of Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after purchasing an additional 472,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Lam Research by 6,383.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after purchasing an additional 13,365,317 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Lam Research by 25.8% during 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 purchasing an additional 1,953,221 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Lam Research by 4.9% during 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 purchasing an additional 418,077 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 1.2%

Shares of NASDAQ:LRCX opened at $116.96 on Friday. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $117.50. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company has a market cap of $148.03 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.49 and a beta of 1.76. The stock has a 50 day moving average of $101.07 and a 200 day moving average of $86.69.

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

Lam Research Increases Dividend

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

Analysts Set New Price Targets

LRCX has been the subject of several research reports. Citigroup upped their price target on shares of Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, September 8th. KeyCorp upped their price target on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Morgan Stanley reiterated an "underweight" rating and set a $92.00 price objective (down from $94.00) on shares of Lam Research in a research note on Tuesday, September 2nd. Needham & Company LLC boosted their price objective on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Barclays set a $83.00 price objective on Lam Research and gave the company an "equal weight" rating in a research note on Monday, July 28th. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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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