Robertson Stephens Wealth Management LLC Has $1.16 Million Position in Lam Research Corporation $LRCX

Robertson Stephens Wealth Management LLC reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 58.8% in the 2nd quarter, Holdings Channel reports. The firm owned 11,898 shares of the semiconductor company’s stock after selling 17,011 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Lam Research were worth $1,161,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cyndeo Wealth Partners LLC acquired a new stake in Lam Research in the 2nd quarter worth approximately $295,000. Katamaran Capital LLP lifted its holdings in shares of Lam Research by 0.7% during the second quarter. Katamaran Capital LLP now owns 49,471 shares of the semiconductor company’s stock worth $4,816,000 after buying an additional 335 shares during the last quarter. Stiles Financial Services Inc lifted its holdings in shares of Lam Research by 4.9% during the second quarter. Stiles Financial Services Inc now owns 52,122 shares of the semiconductor company’s stock worth $5,074,000 after buying an additional 2,456 shares during the last quarter. KRS Capital Management LLC acquired a new position in shares of Lam Research during the second quarter worth approximately $1,411,000. Finally, Horizon Bancorp Inc. IN acquired a new position in shares of Lam Research during the second quarter worth approximately $389,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Hsbc Global Res upgraded Lam Research to a “hold” rating in a report on Tuesday, September 30th. Cantor Fitzgerald upped their price target on Lam Research from $120.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. The Goldman Sachs Group upped their price target on Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday. HSBC set a $127.00 price target on Lam Research and gave the stock a “hold” rating in a report on Tuesday, September 30th. Finally, Summit Insights lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $131.37 on Friday. The business has a fifty day simple moving average of $114.80 and a 200 day simple moving average of $94.46. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $165.66 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.72 and a beta of 1.84. 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 quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The business’s revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is currently 25.00%.

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.