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

Venturi Wealth Management LLC cut its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 11.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 16,870 shares of the semiconductor company’s stock after selling 2,287 shares during the period. Venturi Wealth Management LLC’s holdings in Lam Research were worth $1,642,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Lam Research by 6.9% during 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 last quarter. Invesco Ltd. grew its position in Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock worth $1,259,947,000 after acquiring an additional 472,636 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Lam Research by 25.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock worth $693,319,000 after acquiring an additional 1,953,221 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Lam Research by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock worth $647,067,000 after acquiring an additional 418,077 shares during the last quarter. Finally, Nuveen LLC bought a new position in Lam Research during the 1st quarter worth approximately $604,344,000. 84.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. KeyCorp raised their price target on Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Erste Group Bank assumed coverage on Lam Research in a research report on Thursday, August 14th. They set a “buy” rating on the stock. B. Riley raised their price target on Lam Research from $130.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, September 24th. Barclays set a $83.00 price target on Lam Research and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Raymond James Financial increased their price objective on Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Lam Research Trading Up 1.6%

Lam Research stock opened at $142.54 on Thursday. 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 business’s fifty day simple moving average is $113.18 and its two-hundred day simple moving average is $93.66. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70. The company has a market capitalization of $179.75 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s 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. As a group, equities analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research’s dividend payout ratio is currently 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.