Venturi Wealth Management LLC Sells 2,287 Shares of Lam Research Corporation $LRCX

Key Points

• Venturi Wealth Management LLC reduced its stake in Lam Research Corporation by 11.9% during the 2nd quarter, selling 2,287 shares and holding 16,870 shares valued at approximately $1.64 million.
• Lam Research reported earnings of $1.33 per share for the latest quarter, surpassing expectations with a revenue of $5.17 billion, a 33.6% increase from the previous year.
• The company declared a quarterly dividend of $0.26, an increase from the prior $0.23, with a payout ratio of 25%.

Venturi Wealth Management LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,870 shares of the semiconductor company's stock after selling 2,287 shares during the quarter. Venturi Wealth Management LLC's holdings in Lam Research were worth $1,642,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LRCX. Vanguard Group Inc. grew its stake in Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after purchasing an additional 8,364,375 shares during the period. Invesco Ltd. grew its stake in Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after purchasing an additional 472,636 shares during the period. Goldman Sachs Group Inc. grew its stake in Lam Research by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock valued at $693,319,000 after purchasing an additional 1,953,221 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Lam Research by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock valued at $647,067,000 after purchasing an additional 418,077 shares during the period. Finally, Nuveen LLC bought a new position in Lam Research in the 1st quarter valued at $604,344,000. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $142.54 on Thursday. The business's 50-day moving average price is $113.18 and its two-hundred day moving average price is $93.66. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The stock has a market cap of $179.75 billion, a P/E ratio of 34.26, a PEG ratio of 1.71 and a beta of 1.84. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX - Get Free Report) last released 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 return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter last year, the firm posted $1.03 EPS. The company's revenue was up 33.6% compared to the same quarter last year. 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's payout ratio is 25.00%.

Analyst Ratings Changes

A number of research analysts have recently commented on LRCX shares. Stifel Nicolaus upped their price target on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Wells Fargo & Company upped their price target on Lam Research from $98.00 to $135.00 and gave the company an "equal weight" rating in a research report on Thursday, October 2nd. KeyCorp upped their price target on Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Mizuho upped their price target on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday, September 12th. Finally, Raymond James Financial upped their price target on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Twenty-three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

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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