State of Alaska Department of Revenue Sells 6,615 Shares of Lam Research Corporation $LRCX

Key Points

• The State of Alaska Department of Revenue has decreased its holdings in Lam Research Corporation by 4.4%, now owning 143,800 shares worth approximately $14 million.
• Lam Research has received multiple upgrades from analysts, with target prices raised to between $115 and $160, reflecting strong confidence in its future performance.
• The company announced a dividend increase to $0.26 per share, up from $0.23, with a scheduled payment on October 15th, indicating a commitment to returning value to shareholders.

State of Alaska Department of Revenue lowered its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 143,800 shares of the semiconductor company's stock after selling 6,615 shares during the period. State of Alaska Department of Revenue's holdings in Lam Research were worth $13,997,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in LRCX. Cove Private Wealth LLC purchased a new stake in Lam Research during the second quarter valued at about $561,000. Patton Fund Management Inc. purchased a new stake in Lam Research during the 2nd quarter valued at about $300,000. FCG Investment Co grew its position in Lam Research by 54.4% during the 2nd quarter. FCG Investment Co now owns 13,924 shares of the semiconductor company's stock worth $1,355,000 after acquiring an additional 4,908 shares during the last quarter. BankPlus Wealth Management LLC increased its stake in Lam Research by 2.0% in the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company's stock worth $511,000 after purchasing an additional 105 shares during the period. Finally, TCI Wealth Advisors Inc. purchased a new position in Lam Research in the 2nd quarter worth approximately $217,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LRCX. Cantor Fitzgerald raised their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. KeyCorp lifted their price objective on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. TD Cowen increased their price target on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. B. Riley boosted their target price on Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Wells Fargo & Company set a $98.00 price target on shares of Lam Research and gave the company an "equal weight" rating in a report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and an average target price of $111.35.

Lam Research Price Performance

NASDAQ LRCX opened at $128.33 on Friday. The business's fifty day moving average is $106.28 and its 200 day moving average is $90.20. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $133.57. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market capitalization of $161.83 billion, a PE ratio of 30.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The business's quarterly revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio is currently 25.00%.

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.

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