SOA Wealth Advisors LLC. Sells 381 Shares of Lam Research Corporation $LRCX

SOA Wealth Advisors LLC. trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,223 shares of the semiconductor company’s stock after selling 381 shares during the period. SOA Wealth Advisors LLC.’s holdings in Lam Research were worth $411,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 in the last quarter. Nuveen LLC bought a new position in shares of Lam Research during the 1st quarter worth about $604,344,000. Price T Rowe Associates Inc. MD boosted its position in shares of Lam Research by 99.7% during the 1st 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 acquiring an additional 2,864,863 shares in the last quarter. Boston Partners increased its stake in Lam Research by 9,978.3% in the first quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company’s stock valued at $170,787,000 after acquiring an additional 2,327,041 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Lam Research by 25.8% in the first 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 in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

LRCX stock opened at $142.79 on Thursday. The company has a 50 day moving average price of $108.51 and a 200 day moving average price of $91.33. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $143.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The stock has a market capitalization of $180.06 billion, a PE ratio of 34.32, a price-to-earnings-growth ratio of 1.63 and a beta of 1.83.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating 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 company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same period last year, the firm earned $1.03 EPS. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm 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 dividend of $0.26 per share. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio is presently 25.00%.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their price objective on Lam Research from $120.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays set a $83.00 target price on Lam Research and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Stifel Nicolaus upped their price target on Lam Research from $92.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. B. Riley lifted their price objective on Lam Research from $130.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Finally, The Goldman Sachs Group began coverage on shares of Lam Research in a report on Thursday, July 10th. They issued a “buy” rating and a $115.00 target price on the stock. Twenty-two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $117.72.

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.