PKO Investment Management Joint Stock Co Sells 60,927 Shares of Lam Research Corporation $LRCX

PKO Investment Management Joint Stock Co trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 70.9% during the 2nd quarter, Holdings Channel reports. The fund owned 25,000 shares of the semiconductor company’s stock after selling 60,927 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Lam Research were worth $2,434,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Lam Research by 1.5% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,235,709 shares of the semiconductor company’s stock valued at $314,964,000 after buying an additional 47,478 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Lam Research by 1.9% in the 2nd quarter. Asset Management One Co. Ltd. now owns 552,691 shares of the semiconductor company’s stock valued at $53,799,000 after buying an additional 10,476 shares in the last quarter. AlTi Global Inc. boosted its holdings in shares of Lam Research by 2.3% in the 2nd quarter. AlTi Global Inc. now owns 9,523 shares of the semiconductor company’s stock valued at $930,000 after buying an additional 216 shares in the last quarter. Carnegie Investment Counsel bought a new stake in shares of Lam Research in the 2nd quarter valued at about $639,000. Finally, SoundView Advisors Inc. boosted its holdings in shares of Lam Research by 1.8% in the 2nd quarter. SoundView Advisors Inc. now owns 14,968 shares of the semiconductor company’s stock valued at $1,456,000 after buying an additional 267 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $151.68 on Friday. The firm has a market cap of $191.27 billion, a PE ratio of 33.41, a PEG ratio of 1.76 and a beta of 1.84. The firm has a fifty day moving average of $123.23 and a 200 day moving average of $99.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. The company had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm’s revenue was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s payout ratio is currently 22.91%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LRCX shares. Berenberg Bank raised their price target on shares of Lam Research from $122.00 to $165.00 and gave the company a “buy” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft upgraded shares of Lam Research from a “hold” rating to a “buy” rating and lifted their target price for the stock from $100.00 to $150.00 in a research note on Monday, September 29th. Needham & Company LLC lifted their target price on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James Financial lifted their target price on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, HSBC set a $127.00 target price on shares of Lam Research and gave the stock a “hold” rating in a research note on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $147.21.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction on 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 completion of the sale, the senior vice president owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.31% of the stock is owned by insiders.

About Lam Research

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.