Empirical Financial Services LLC d.b.a. Empirical Wealth Management Sells 4,157 Shares of Lam Research Corporation $LRCX

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 24,404 shares of the semiconductor company’s stock after selling 4,157 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Lam Research were worth $2,375,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its holdings in Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after purchasing an additional 17,833 shares during the last quarter. Pinnacle Financial Partners Inc bought a new position in Lam Research during the 1st quarter valued at about $201,000. Cookson Peirce & Co. Inc. bought a new position in Lam Research during the 1st quarter valued at about $607,000. China Universal Asset Management Co. Ltd. lifted its holdings in Lam Research by 27.1% during the 1st 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 last quarter. Finally, First Citizens Bank & Trust Co. increased its position in Lam Research by 47.8% in the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company’s stock valued at $8,862,000 after acquiring an additional 39,414 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LRCX. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $150.00 in a research note on Monday. KeyCorp boosted their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Barclays set a $83.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Wells Fargo & Company boosted their target price on shares of Lam Research from $98.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, 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 note on Thursday, July 31st. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $119.20.

Lam Research Stock Down 0.8%

Lam Research stock opened at $145.81 on Friday. The company’s 50 day simple moving average is $110.47 and its 200 day simple moving average is $92.27. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $147.91. The firm has a market capitalization of $183.87 billion, a price-to-earnings ratio of 35.05, a PEG ratio of 1.79 and a beta of 1.84. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate 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 quarter last year, the firm earned $1.03 EPS. Lam Research’s quarterly 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, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is 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.