Lam Research Corporation $LRCX Shares Sold by Voleon Capital Management LP

Key Points

• Voleon Capital Management LP has significantly reduced its stake in Lam Research Corporation, cutting its position by 42.4% to 71,678 shares, valued at $5.21 million at the end of the last quarter.
• The semiconductor company reported a better-than-expected EPS of $1.33 for the recent quarter, beating analyst estimates by $0.12, with revenue reaching $5.17 billion, a 33.6% increase year-over-year.
• Lam Research has announced a quarterly dividend increase from $0.23 to $0.26 per share, reflecting a 1.0% annualized yield and a dividend payout ratio of 22.12%.

Voleon Capital Management LP cut its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 42.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,678 shares of the semiconductor company's stock after selling 52,856 shares during the quarter. Voleon Capital Management LP's holdings in Lam Research were worth $5,211,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC lifted its stake 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 valued at $1,025,000 after acquiring an additional 12,936 shares during the period. Algert Global LLC grew its holdings in Lam Research by 373.9% during the 4th quarter. Algert Global LLC now owns 3,289 shares of the semiconductor company's stock valued at $238,000 after buying an additional 2,595 shares in the last quarter. CoreCap Advisors LLC purchased a new stake in Lam Research during the 4th quarter valued at approximately $150,000. First Manhattan CO. LLC. grew its holdings in Lam Research by 875.2% during the 4th quarter. First Manhattan CO. LLC. now owns 7,841 shares of the semiconductor company's stock valued at $568,000 after buying an additional 7,037 shares in the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of Lam Research by 2,743.6% in the fourth quarter. Focus Partners Wealth now owns 777,315 shares of the semiconductor company's stock valued at $58,684,000 after purchasing an additional 749,979 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LRCX. KeyCorp lifted their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. UBS Group lifted their target price on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Cantor Fitzgerald boosted their price target on Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. TD Cowen boosted their price target on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Summit Insights downgraded 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, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $107.52.

Lam Research Trading Up 1.7%

NASDAQ:LRCX traded up $1.79 during trading hours on Wednesday, hitting $107.36. The company had a trading volume of 11,843,500 shares, compared to its average volume of 11,854,892. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $100.20 and a 200 day moving average of $86.06. The company has a market cap of $135.88 billion, a P/E ratio of 25.81, a P/E/G ratio of 1.35 and a beta of 1.76. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS 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 business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the prior year, the company posted $1.03 EPS. The company'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 expect 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. Shareholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is presently 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.