Lam Research Corporation $LRCX Shares Sold by Point72 Europe London LLP

Key Points

• Point72 Europe London LLP reduced its stake in Lam Research Corporation by 48.6%, selling 48,700 shares and owning 51,500 shares valued at approximately $3.74 million.
• Lam Research reported strong earnings, with a net revenue of $5.17 billion for the quarter, exceeding analyst estimates and representing a 33.6% year-over-year increase.
• The company increased its quarterly dividend from $0.23 to $0.26 per share, with an ex-dividend date set for September 24th.

Point72 Europe London LLP trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 48.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,500 shares of the semiconductor company's stock after selling 48,700 shares during the quarter. Point72 Europe London LLP's holdings in Lam Research were worth $3,744,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LRCX. Smallwood Wealth Investment Management LLC acquired a new position in Lam Research in the 1st quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new position in Lam Research in the 4th quarter valued at $27,000. Park Square Financial Group LLC acquired a new position in Lam Research in the 4th quarter valued at $31,000. Putney Financial Group LLC acquired a new position in Lam Research in the 4th quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new position in Lam Research in the 1st quarter valued at $37,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent research reports. TD Cowen boosted their price objective on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. B. Riley reaffirmed a "buy" rating and set a $115.00 price target (up from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. The Goldman Sachs Group initiated coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 price target on the stock. Barclays set a $83.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research note on Monday, July 28th. Finally, 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 research report on Monday, July 21st. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.22.

Lam Research Stock Up 2.7%

Shares of Lam Research stock traded up $2.68 on Thursday, hitting $100.42. 8,808,484 shares of the company's stock traded hands, compared to its average volume of 11,927,531. The stock has a market cap of $127.09 billion, a P/E ratio of 24.14, a PEG ratio of 1.29 and a beta of 1.76. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The firm's 50-day moving average is $99.68 and its 200 day moving average is $85.60. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This is an increase from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. Lam Research's dividend payout ratio (DPR) is currently 22.12%.

About Lam Research

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.