Lam Research Corporation $LRCX Shares Sold by CBIZ Investment Advisory Services LLC

CBIZ Investment Advisory Services LLC reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,110 shares of the semiconductor company’s stock after selling 185 shares during the quarter. CBIZ Investment Advisory Services LLC’s holdings in Lam Research were worth $81,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pinnacle Financial Partners Inc acquired a new stake in Lam Research during the 1st quarter worth $201,000. Cookson Peirce & Co. Inc. acquired a new stake in Lam Research during the 1st quarter worth $607,000. B. Riley Wealth Advisors Inc. acquired a new position in Lam Research in the fourth quarter valued at $6,296,000. China Universal Asset Management Co. Ltd. increased its stake in Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock valued at $3,607,000 after purchasing an additional 10,565 shares during the period. Finally, First Citizens Bank & Trust Co. increased its stake in Lam Research by 47.8% in the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company’s stock valued at $8,862,000 after purchasing an additional 39,414 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LRCX shares. Needham & Company LLC lifted their price objective on shares of Lam Research from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. B. Riley restated a “buy” rating and issued a $115.00 price objective (up from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Oppenheimer lifted their price objective on shares of Lam Research from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Erste Group Bank started coverage on shares of Lam Research in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Twenty analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.52.

Lam Research Trading Up 7.7%

Shares of Lam Research stock opened at $115.58 on Friday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $115.90. 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’s 50-day simple moving average is $100.71 and its 200-day simple moving average is $86.43. The firm has a market cap of $146.28 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 1.38 and a beta of 1.76.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous 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. As a group, equities research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. 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 presently 25.00%.

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.