Versor Investments LP Cuts Stock Position in Lam Research Corporation $LRCX

Versor Investments LP trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 62.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,189 shares of the semiconductor company’s stock after selling 15,422 shares during the period. Versor Investments LP’s holdings in Lam Research were worth $894,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new stake in Lam Research during the 2nd quarter valued at $26,000. REAP Financial Group LLC purchased a new stake in Lam Research during the 2nd quarter valued at $31,000. Bank of Jackson Hole Trust boosted its stake in Lam Research by 111.1% during the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 200 shares during the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new stake in Lam Research during the 2nd quarter valued at $38,000. Finally, Hilltop National Bank purchased a new stake in Lam Research during the 2nd quarter valued at $38,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. This trade represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by company insiders.

Lam Research Price Performance

Shares of Lam Research stock opened at $157.46 on Monday. Lam Research Corporation has a one year low of $56.32 and a one year high of $165.22. The stock’s fifty day moving average is $129.13 and its 200 day moving average is $103.49. The stock has a market cap of $197.77 billion, a P/E ratio of 34.68, a P/E/G ratio of 1.68 and a beta of 1.84. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm earned $0.86 EPS. Lam Research’s revenue for the quarter was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is 22.91%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent analyst reports. Citigroup increased their target price on Lam Research from $120.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Morgan Stanley increased their target price on Lam Research from $125.00 to $137.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Oppenheimer set a $200.00 price target on Lam Research and gave the company an “outperform” rating in a report on Thursday, October 23rd. Finally, Wells Fargo & Company increased their price target on Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $148.54.

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.