Progressive Investment Management Corp Lowers Position in Lam Research Corporation $LRCX

Progressive Investment Management Corp reduced its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,213 shares of the semiconductor company’s stock after selling 368 shares during the quarter. Lam Research accounts for 1.0% of Progressive Investment Management Corp’s portfolio, making the stock its 27th largest position. Progressive Investment Management Corp’s holdings in Lam Research were worth $4,109,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LRCX. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the first quarter worth approximately $26,000. REAP Financial Group LLC purchased a new stake in Lam Research during the second quarter worth approximately $31,000. 1 North Wealth Services LLC purchased a new stake in Lam Research during the first quarter worth approximately $36,000. Rossby Financial LCC purchased a new stake in Lam Research during the first quarter worth approximately $37,000. Finally, Saudi Central Bank purchased a new stake in Lam Research during the first quarter worth approximately $37,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.31% of the company’s stock.

Lam Research Stock Down 0.6%

Lam Research stock opened at $141.51 on Friday. The company has a 50-day simple moving average of $119.06 and a 200-day simple moving average of $96.78. The firm has a market capitalization of $178.45 billion, a P/E ratio of 34.02, a P/E/G ratio of 1.73 and a beta of 1.84. 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 Corporation has a one year low of $56.32 and a one year high of $153.70.

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 firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research’s revenue was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. 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. Lam Research’s dividend payout ratio is currently 25.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Oppenheimer boosted their target price on shares of Lam Research from $110.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Stifel Nicolaus set a $135.00 target price on shares of Lam Research and gave the stock a “buy” rating in a research report on Monday. Mizuho set a $162.00 target price on shares of Lam Research and gave the stock an “outperform” rating in a research report on Thursday. Raymond James Financial upped their price target on shares of Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, The Goldman Sachs Group upped their price target on shares of Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. 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, Lam Research has an average rating of “Moderate Buy” and an average target price of $125.08.

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.