Applied Finance Capital Management LLC Cuts Position in Lam Research Corporation $LRCX

Applied Finance Capital Management LLC reduced its position in Lam Research Corporation (NASDAQ:LRCX) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 20,171 shares of the semiconductor company’s stock after selling 562 shares during the quarter. Applied Finance Capital Management LLC’s holdings in Lam Research were worth $1,963,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after buying an additional 8,364,375 shares during the period. Invesco Ltd. raised its stake in shares of Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after acquiring an additional 472,636 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Lam Research by 34.1% during the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after acquiring an additional 2,692,189 shares in the last quarter. Goldman Sachs Group Inc. boosted 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 purchasing an additional 1,953,221 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted 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 purchasing an additional 418,077 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of several research reports. TD Cowen raised their price objective on Lam Research from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Monday. Cantor Fitzgerald increased their target price on Lam Research from $155.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup raised their target price on Lam Research from $113.00 to $120.00 and gave the company a “buy” rating in a report on Monday, September 8th. Rothschild & Co Redburn upped their price target on Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, UBS Group increased their price objective on shares of Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.08.

Lam Research Trading Down 1.7%

Shares of LRCX opened at $142.37 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The stock has a 50-day moving average price of $118.26 and a 200 day moving average price of $96.30. 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 company has a market capitalization of $179.53 billion, a P/E ratio of 34.22, a P/E/G ratio of 1.76 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced its earnings results 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. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research’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 forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is presently 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.