Checchi Capital Advisers LLC Sells 1,216 Shares of Lam Research Corporation $LRCX

Checchi Capital Advisers LLC reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 17,566 shares of the semiconductor company’s stock after selling 1,216 shares during the quarter. Checchi Capital Advisers LLC’s holdings in Lam Research were worth $1,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Lam Research by 6.9% during 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 buying an additional 8,364,375 shares during the last quarter. Invesco Ltd. raised its holdings in Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after buying an additional 472,636 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings 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 valued at $693,319,000 after buying an additional 1,953,221 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $647,067,000 after buying an additional 418,077 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Lam Research during the 1st quarter valued at $604,344,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $145.81 on Friday. The firm’s 50-day moving average price is $110.47 and its 200-day moving average price is $92.37. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The company has a market cap of $183.87 billion, a PE ratio of 35.05, a PEG ratio of 1.78 and a beta of 1.84. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $147.91.

Lam Research (NASDAQ:LRCX) last announced its quarterly 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 firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a report on Tuesday, September 30th. UBS Group boosted 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. Oppenheimer boosted their price objective on shares of Lam Research from $110.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Lam Research in a research report on Saturday, September 27th. Finally, Wall Street Zen raised shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $119.20.

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.