AlphaQuest LLC Sells 8,989 Shares of Lam Research Corporation $LRCX

AlphaQuest LLC decreased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 61.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,731 shares of the semiconductor company’s stock after selling 8,989 shares during the period. AlphaQuest LLC’s holdings in Lam Research were worth $558,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of LRCX. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research in the 1st quarter valued at $26,000. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research during the 2nd quarter valued at $26,000. REAP Financial Group LLC acquired a new stake in shares of Lam Research during the 2nd quarter valued at $31,000. 1 North Wealth Services LLC acquired a new stake in shares of Lam Research during the 1st quarter valued at $36,000. Finally, Rossby Financial LCC acquired a new stake in shares of Lam Research during the 1st quarter valued at $37,000. Institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction dated 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 directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ava Harter sold 9,010 shares of the stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LRCX shares. Mizuho raised their price objective on Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a report on Thursday, October 23rd. KeyCorp raised their price objective on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Cowen reissued a “buy” rating on shares of Lam Research in a report on Thursday, October 23rd. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, UBS Group set a $165.00 price objective on Lam Research and gave the company a “buy” rating in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $148.83.

Lam Research Stock Performance

LRCX stock opened at $155.62 on Wednesday. The firm has a market cap of $195.46 billion, a PE ratio of 34.28, a P/E/G ratio of 1.64 and a beta of 1.84. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average of $125.50 and a 200-day moving average of $101.30. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $158.24.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. Lam Research’s revenue for the quarter was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is 22.91%.

Lam Research Profile

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.