Means Investment CO. Inc. Decreases Stake in Lam Research Corporation $LRCX

Means Investment CO. Inc. lowered its stake in Lam Research Corporation (NASDAQ:LRCX) by 3.2% in the second quarter, HoldingsChannel reports. The institutional investor owned 61,392 shares of the semiconductor company’s stock after selling 2,053 shares during the period. Lam Research makes up 0.6% of Means Investment CO. Inc.’s investment portfolio, making the stock its 28th largest position. Means Investment CO. Inc.’s holdings in Lam Research were worth $5,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BankPlus Wealth Management LLC raised its stake in Lam Research by 2.0% in the 2nd quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock worth $511,000 after acquiring an additional 105 shares during the last quarter. ORG Partners LLC lifted its holdings in shares of Lam Research by 7.3% during the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock worth $162,000 after purchasing an additional 114 shares during the period. Fairvoy Private Wealth LLC lifted its holdings in shares of Lam Research by 3.0% during the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock worth $407,000 after purchasing an additional 120 shares during the period. Abundance Wealth Counselors lifted its holdings in shares of Lam Research by 1.1% during the second quarter. Abundance Wealth Counselors now owns 11,537 shares of the semiconductor company’s stock worth $1,123,000 after purchasing an additional 124 shares during the period. Finally, First Pacific Financial lifted its holdings in shares of Lam Research by 7.7% during the second quarter. First Pacific Financial now owns 1,766 shares of the semiconductor company’s stock worth $172,000 after purchasing an additional 126 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $131.37 on Friday. The stock has a market capitalization of $165.66 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.60 and a beta of 1.84. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. 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 stock has a 50-day moving average of $114.80 and a 200 day moving average of $94.59.

Lam Research (NASDAQ:LRCX) last announced its 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. The business had revenue of $5.17 billion during 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 quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This is a boost from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is currently 25.00%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Cantor Fitzgerald lifted their price objective on shares of Lam Research from $120.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. UBS Group raised their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, July 21st. The Goldman Sachs Group increased their price target on Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday. TD Cowen increased their price target on Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Raymond James Financial boosted their price objective on Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Twenty-three research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $121.00.

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.