Exchange Capital Management Inc. Lowers Holdings in Lam Research Corporation $LRCX

Exchange Capital Management Inc. cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,541 shares of the semiconductor company’s stock after selling 955 shares during the quarter. Exchange Capital Management Inc.’s holdings in Lam Research were worth $2,681,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of LRCX. Vanguard Group Inc. grew its holdings in shares of Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after buying an additional 8,364,375 shares during the last quarter. Nuveen LLC bought a new position in Lam Research in the 1st quarter valued at approximately $604,344,000. Price T Rowe Associates Inc. MD boosted its stake in Lam Research by 99.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock valued at $417,242,000 after purchasing an additional 2,864,863 shares during the last quarter. Boston Partners increased its holdings in shares of Lam Research by 9,978.3% in the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company’s stock worth $170,787,000 after purchasing an additional 2,327,041 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Lam Research by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock worth $693,319,000 after purchasing an additional 1,953,221 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on LRCX shares. Citigroup lifted their price objective on Lam Research from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Morgan Stanley set a $125.00 price target on shares of Lam Research and gave the stock an “equal weight” rating in a research note on Monday, September 22nd. Mizuho increased their price objective on shares of Lam Research from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Friday, September 12th. Erste Group Bank assumed coverage on shares of Lam Research in a report on Thursday, August 14th. They issued a “buy” rating on the stock. Finally, Needham & Company LLC boosted their target price on shares of Lam Research from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Twenty-two analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $119.20.

Lam Research Stock Up 2.9%

LRCX opened at $146.99 on Friday. The stock has a market cap of $185.36 billion, a price-to-earnings ratio of 35.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The firm’s fifty day moving average is $109.49 and its 200 day moving average is $91.80. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $147.35.

Lam Research (NASDAQ:LRCX) last issued its earnings results 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. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’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. On average, sell-side analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business 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 dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio is 25.00%.

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.