Lam Research Corporation $LRCX Shares Sold by Sciencast Management LP

Key Points

• Sciencast Management LP reduced its holdings in Lam Research Corporation by 85.2% in the first quarter, leaving the firm with 6,121 shares valued at approximately $445,000.
• Several institutional investors have altered their stakes in Lam Research, with notable purchases including Pinnacle Financial Partners Inc acquiring a new stake worth $201,000.
• Lam Research recently raised its quarterly dividend from $0.23 to $0.26, marking an annualized yield of 1.0%.

Sciencast Management LP lowered its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 85.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,121 shares of the semiconductor company's stock after selling 35,340 shares during the period. Sciencast Management LP's holdings in Lam Research were worth $445,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LRCX. Brighton Jones LLC grew its position in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Algert Global LLC grew its position in Lam Research by 373.9% during the 4th quarter. Algert Global LLC now owns 3,289 shares of the semiconductor company's stock worth $238,000 after purchasing an additional 2,595 shares during the last quarter. CoreCap Advisors LLC purchased a new stake in shares of Lam Research in the 4th quarter valued at $150,000. First Manhattan CO. LLC. boosted its holdings in shares of Lam Research by 875.2% in the 4th quarter. First Manhattan CO. LLC. now owns 7,841 shares of the semiconductor company's stock valued at $568,000 after acquiring an additional 7,037 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in shares of Lam Research by 15.0% in the 4th quarter. Graham Capital Management L.P. now owns 12,168 shares of the semiconductor company's stock valued at $879,000 after acquiring an additional 1,586 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LRCX shares. Oppenheimer upped their price objective on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Summit Insights downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. UBS Group lifted their price objective on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Erste Group Bank initiated coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating for the company. Finally, Cantor Fitzgerald upped their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Twenty equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $107.96.

Lam Research Price Performance

NASDAQ:LRCX traded up $1.38 during trading hours on Friday, reaching $116.96. 11,054,667 shares of the company were exchanged, compared to its average volume of 11,901,450. The stock's 50-day moving average is $100.71 and its 200-day moving average is $86.43. The firm has a market cap of $148.03 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 1.38 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 twelve month low of $56.32 and a twelve month high of $117.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts' consensus estimates 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 company's quarterly revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.9%. Lam Research's dividend payout ratio (DPR) is 25.00%.

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.