Woodline Partners LP Cuts Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Woodline Partners LP reduced its holdings in Lam Research Corporation by 8.0%, now owning approximately 1,980,610 shares valued at $143.99 million, making it their 6th largest investment.
• Analysts have raised price targets for Lam Research, with Mizuho setting the new target at $120.00, reflecting a general bullish sentiment as 20 analysts rated the stock with a Buy recommendation.
• Lam Research announced an increased quarterly dividend of $0.26 per share, representing a 1.0% dividend yield and a positive shift from the previous $0.23 payout.

Woodline Partners LP reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,980,610 shares of the semiconductor company's stock after selling 171,840 shares during the period. Lam Research makes up approximately 0.9% of Woodline Partners LP's holdings, making the stock its 6th largest holding. Woodline Partners LP owned approximately 0.15% of Lam Research worth $143,990,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LRCX. Meridian Wealth Management LLC increased its holdings in shares of Lam Research by 1.4% in the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock valued at $707,000 after buying an additional 130 shares in the last quarter. GW&K Investment Management LLC grew its holdings in shares of Lam Research by 10.1% in the 1st quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after acquiring an additional 141 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised 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 purchasing an additional 146 shares during the period. Citizens National Bank Trust Department lifted its holdings in shares of Lam Research by 34.0% during the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 153 shares during the last quarter. Finally, Progressive Investment Management Corp boosted its position in shares of Lam Research by 0.4% in the 1st quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock valued at $3,096,000 after purchasing an additional 156 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on LRCX shares. Citigroup boosted their price objective on Lam Research from $113.00 to $120.00 and gave the stock a "buy" rating in a report on Monday. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Mizuho upped their price target on shares of Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday. Raymond James Financial lifted their price objective on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Erste Group Bank started coverage on Lam Research in a report on Thursday, August 14th. They issued a "buy" rating for the company. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.96.

Lam Research Stock Up 1.2%

Shares of Lam Research stock traded up $1.38 on Friday, hitting $116.96. 11,054,667 shares of the company traded hands, compared to its average volume of 11,901,450. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $117.50. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company has a market cap of $148.03 billion, a PE ratio of 28.12, a PEG ratio of 1.38 and a beta of 1.76. The company has a 50-day moving average price of $100.71 and a 200 day moving average price of $86.43.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The business's revenue for the quarter 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.9%. Lam Research's payout ratio is 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.