GAMMA Investing LLC Sells 2,256 Shares of Lam Research Corporation $LRCX

GAMMA Investing LLC lowered its stake in Lam Research Corporation (NASDAQ:LRCX) by 7.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,152 shares of the semiconductor company’s stock after selling 2,256 shares during the quarter. GAMMA Investing LLC’s holdings in Lam Research were worth $2,643,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Lam Research by 6.9% in 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 period. Nuveen LLC purchased a new stake in shares of Lam Research in the first quarter worth $604,344,000. Price T Rowe Associates Inc. MD boosted its stake in Lam Research by 99.7% during the first 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 buying an additional 2,864,863 shares during the period. Boston Partners increased its stake in 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 acquiring an additional 2,327,041 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in Lam Research by 932.6% in the 4th quarter. Mackenzie Financial Corp now owns 2,347,536 shares of the semiconductor company’s stock worth $169,563,000 after acquiring an additional 2,120,197 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LRCX has been the subject of a number of research analyst reports. Wells Fargo & Company set a $98.00 price target on Lam Research and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Argus lifted their target price on shares of Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Summit Insights cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. UBS Group raised 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. Finally, Citigroup lifted their price objective on shares of Lam Research from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $107.96.

Lam Research Stock Up 0.5%

LRCX stock opened at $126.92 on Monday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $128.70. The company has a market capitalization of $160.05 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 1.63 and a beta of 1.76. The business’s 50 day moving average price is $103.36 and its two-hundred day moving average price is $88.41. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the business earned $1.03 EPS. Lam Research’s quarterly revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is presently 22.12%.

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.