Voya Investment Management LLC Sells 12,042 Shares of Lam Research Corporation $LRCX

Key Points

• Voya Investment Management LLC reduced its stake in Lam Research Corporation by 1.9%, now holding 620,279 shares valued at approximately $45 million after selling 12,042 shares.
• Lam Research reported a significant earnings increase, posting $1.33 EPS for the latest quarter, surpassing analysts' expectations and achieving a revenue of $5.17 billion.
• The company announced a dividend increase to $0.26 per share, payable on October 15, representing an annualized yield of 0.9% and up from the previous quarterly dividend of $0.23.

Voya Investment Management LLC lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 620,279 shares of the semiconductor company's stock after selling 12,042 shares during the quarter. Voya Investment Management LLC's holdings in Lam Research were worth $45,094,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LRCX. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research during the first quarter valued at $26,000. Mpwm Advisory Solutions LLC acquired a new position in Lam Research during the 4th quarter valued at about $27,000. Park Square Financial Group LLC purchased a new stake in Lam Research during the 4th quarter valued at about $31,000. Putney Financial Group LLC purchased a new stake in shares of Lam Research in the fourth quarter worth about $36,000. Finally, 1 North Wealth Services LLC purchased a new stake in shares of Lam Research in the first quarter worth about $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of analyst reports. UBS Group upped their price target on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Mizuho increased their target price on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a report on Friday. Wells Fargo & Company set a $98.00 target price on Lam Research and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald increased their target price on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Twenty research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $107.96.

Lam Research Price Performance

NASDAQ LRCX traded up $2.25 during trading on Monday, reaching $119.21. 9,766,691 shares of the company traded hands, compared to its average volume of 11,889,282. The company has a market cap of $150.87 billion, a price-to-earnings ratio of 28.66, a P/E/G ratio of 1.50 and a beta of 1.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $119.33. The stock's 50 day moving average price is $101.07 and its two-hundred day moving average price is $86.80.

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

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a yield of 0.9%. Lam Research's dividend payout ratio (DPR) is 25.00%.

About Lam Research

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.