SeaCrest Wealth Management LLC Sells 2,262 Shares of Lam Research Corporation $LRCX

Key Points

• SeaCrest Wealth Management LLC reduced its stake in Lam Research Corporation by 6.3%, selling 2,262 shares and owning 33,450 shares worth approximately $3.256 million.
• Various large investors increased their positions in Lam Research, with Livforsakringsbolaget Skandia Omsesidigt leading at a 35.2% increase, now holding 106,350 shares valued at about $10.369 million.
• Lam Research announced a boost in its quarterly dividend from $0.23 to $0.26, reflecting a yield of 0.8% and a payout ratio of 22.12%.

SeaCrest Wealth Management LLC lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,450 shares of the semiconductor company's stock after selling 2,262 shares during the period. SeaCrest Wealth Management LLC's holdings in Lam Research were worth $3,256,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Empowered Funds LLC increased its holdings in Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after acquiring an additional 17,833 shares during the period. Pinnacle Financial Partners Inc purchased a new position in Lam Research in the 1st quarter worth approximately $201,000. Cookson Peirce & Co. Inc. purchased a new position in Lam Research in the 1st quarter worth approximately $607,000. B. Riley Wealth Advisors Inc. purchased a new position in Lam Research in the 4th quarter worth approximately $6,296,000. Finally, China Universal Asset Management Co. Ltd. grew its stake in Lam Research by 27.1% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after buying an additional 10,565 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

LRCX has been the subject of several analyst reports. Citigroup increased 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. Stifel Nicolaus upped their price objective on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Wall Street Zen lowered shares of Lam Research from a "buy" rating to a "hold" rating in a report on Saturday. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $109.39.

Lam Research Stock Performance

Shares of LRCX traded up $5.28 on Monday, reaching $132.20. The company's stock had a trading volume of 13,363,594 shares, compared to its average volume of 11,938,500. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The stock has a market capitalization of $166.71 billion, a P/E ratio of 31.78, a PEG ratio of 1.63 and a beta of 1.76. The stock's 50 day simple moving average is $103.36 and its two-hundred day simple moving average is $88.41. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $132.63.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results 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. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The company's revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 dividend yield of 0.8%. Lam Research's dividend payout ratio (DPR) 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.