True North Advisors LLC Lowers Holdings in Lam Research Corporation $LRCX

Key Points

• True North Advisors LLC reduced its stake in Lam Research Corporation ($LRCX) by 10.2%, selling 3,522 shares, and now holds 31,142 shares worth approximately $3.03 million.
• Recent analysts' reports have been positive, with firms like Cantor Fitzgerald and Citigroup increasing their price targets for Lam Research to $120, reflecting a consensus rating of "Moderate Buy."
• Lam Research announced an increase in its quarterly dividend from $0.23 to $0.26, representing a yield of 0.8% and a payout ratio of 25%.

True North Advisors LLC trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 10.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 31,142 shares of the semiconductor company's stock after selling 3,522 shares during the period. True North Advisors LLC's holdings in Lam Research were worth $3,031,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. BankPlus Wealth Management LLC lifted its stake in Lam Research by 2.0% during the second 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 in the last quarter. Meridian Wealth Management LLC boosted its position in shares of Lam Research by 1.4% during the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock worth $707,000 after buying an additional 130 shares during the period. Bay Rivers Group boosted its position 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 buying an additional 130 shares during the period. GW&K Investment Management LLC boosted its position 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 buying an additional 141 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position 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 buying an additional 146 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on LRCX. Cantor Fitzgerald raised their price target on Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Citigroup raised their price target on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, September 8th. Erste Group Bank began coverage on Lam Research in a research report on Thursday, August 14th. They set a "buy" rating for the company. Needham & Company LLC raised their price target on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen lowered Lam Research from a "buy" rating to a "hold" rating in a research report on Saturday, September 20th. Twenty investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $111.35.

Lam Research Stock Down 0.1%

Shares of NASDAQ LRCX opened at $128.13 on Friday. The stock has a market cap of $161.58 billion, a P/E ratio of 30.80, a PEG ratio of 1.62 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 12-month low of $56.32 and a 12-month high of $133.57. The business's fifty day simple moving average is $105.73 and its 200-day simple moving average is $89.73.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion for 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 company's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period last year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a 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 Company 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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