Procyon Advisors LLC Has $1.16 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• Procyon Advisors LLC reduced its holdings in Lam Research Corporation by 30.5%, now owning 11,927 shares worth approximately $1,161,000.
• Several other institutional investors made significant changes to their positions, including Brighton Jones LLC and Vident Advisory LLC, with increases of over 970% in their holdings during the fourth quarter.
• Lam Research recently increased its quarterly dividend from $0.23 to $0.26 per share, representing a 0.9% yield for shareholders.

Procyon Advisors LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 30.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,927 shares of the semiconductor company's stock after selling 5,232 shares during the period. Procyon Advisors LLC's holdings in Lam Research were worth $1,161,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Meridian Wealth Management LLC increased its stake in Lam Research by 1.4% in the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock valued at $707,000 after purchasing an additional 130 shares during the period. Bay Rivers Group increased its stake in shares of Lam Research by 0.6% during the second quarter. Bay Rivers Group now owns 22,404 shares of the semiconductor company's stock worth $2,181,000 after acquiring an additional 130 shares during the period. GW&K Investment Management LLC increased its stake in shares of Lam Research by 10.1% during the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after acquiring an additional 141 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of Lam Research by 1.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock worth $909,000 after acquiring an additional 146 shares during the period. Finally, Fiduciary Financial Group LLC increased its stake in shares of Lam Research by 3.8% during the second quarter. Fiduciary Financial Group LLC now owns 4,073 shares of the semiconductor company's stock worth $394,000 after acquiring an additional 150 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on LRCX. Mizuho upped their target price on shares of Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research report on Friday, September 12th. Summit Insights downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Morgan Stanley reissued an "underweight" rating and set a $92.00 price objective (down previously from $94.00) on shares of Lam Research in a research note on Tuesday, September 2nd. B. Riley reaffirmed a "buy" rating and set a $115.00 price target (up previously from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Finally, Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.96.

Lam Research Stock Performance

NASDAQ:LRCX traded up $0.60 during mid-day trading on Friday, hitting $126.92. The stock had a trading volume of 24,270,137 shares, compared to its average volume of 9,983,844. The stock has a market capitalization of $160.05 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 1.62 and a beta of 1.76. The company has a 50 day simple moving average of $103.36 and a 200-day simple moving average of $88.26. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $128.70. 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 (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, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend 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 22.12%.

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.