PKO Investment Management Joint Stock Co Trims Stake in Lam Research Corporation $LRCX

Key Points

• PKO Investment Management Joint Stock Co has significantly reduced its stake in Lam Research Corporation by 70.9%, now holding 25,000 shares worth approximately $2.43 million.
• Several hedge funds have entered new positions in Lam Research, with institutional investors currently holding 84.61% of the stock.
• Analysts remain optimistic about Lam Research, with a consensus price target of $147.21 and a majority rating it as a Moderate Buy.

PKO Investment Management Joint Stock Co reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 70.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,000 shares of the semiconductor company's stock after selling 60,927 shares during the quarter. PKO Investment Management Joint Stock Co's holdings in Lam Research were worth $2,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of LRCX. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research in the first quarter worth approximately $26,000. IMG Wealth Management Inc. bought a new position in shares of Lam Research during the second quarter worth $26,000. REAP Financial Group LLC bought a new position in shares of Lam Research during the second quarter worth $31,000. 1 North Wealth Services LLC bought a new position in shares of Lam Research during the first quarter worth $36,000. Finally, Rossby Financial LCC bought a new position in shares of Lam Research during the first quarter worth $37,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Lam Research to a "hold" rating in a research report on Tuesday, September 30th. Stifel Nicolaus set a $160.00 price target on shares of Lam Research and gave the company a "buy" rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a "hold" rating to a "buy" rating and upped their price target for the company from $100.00 to $150.00 in a research note on Monday, September 29th. Berenberg Bank upped their price target on shares of Lam Research from $122.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Lam Research in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $147.21.

Insider Buying and Selling

In related news, SVP Vahid Vahedi sold 52,190 shares of the firm's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares of the company's stock, valued at $34,870,428.30. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.

Lam Research Trading Up 2.8%

Shares of LRCX opened at $151.68 on Friday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The company has a market cap of $191.27 billion, a P/E ratio of 33.41, a P/E/G ratio of 1.76 and a beta of 1.84. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.37. The company's fifty day simple moving average is $123.23 and its 200-day simple moving average is $99.60.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The business's revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.7%. This is a boost from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is 22.91%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.