Quent Capital LLC Has $566,000 Holdings in Lam Research Corporation $LRCX

Quent Capital LLC cut its holdings in Lam Research Corporation (NASDAQ:LRCX) by 3.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,816 shares of the semiconductor company’s stock after selling 233 shares during the quarter. Quent Capital LLC’s holdings in Lam Research were worth $566,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. 111 Capital boosted its stake in Lam Research by 59.0% in the second quarter. 111 Capital now owns 16,828 shares of the semiconductor company’s stock valued at $1,638,000 after buying an additional 6,244 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Lam Research in the second quarter valued at about $143,000. QRG Capital Management Inc. boosted its stake in Lam Research by 18.0% in the second quarter. QRG Capital Management Inc. now owns 530,452 shares of the semiconductor company’s stock valued at $51,634,000 after buying an additional 81,068 shares in the last quarter. Successful Portfolios LLC acquired a new stake in Lam Research in the second quarter valued at about $205,000. Finally, Precedent Wealth Partners LLC boosted its stake in Lam Research by 13.3% in the second quarter. Precedent Wealth Partners LLC now owns 32,568 shares of the semiconductor company’s stock valued at $3,170,000 after buying an additional 3,811 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Down 0.8%

NASDAQ LRCX opened at $145.81 on Friday. The business has a 50 day simple moving average of $110.47 and a 200 day simple moving average of $92.37. Lam Research Corporation has a one year low of $56.32 and a one year high of $147.91. The stock has a market capitalization of $183.87 billion, a P/E ratio of 35.05, a P/E/G ratio of 1.78 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 earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter last year, the firm posted $1.03 earnings per share. The firm’s revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research’s payout ratio is 25.00%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research analyst reports. Erste Group Bank initiated coverage on Lam Research in a research note on Thursday, August 14th. They issued a “buy” rating on the stock. Cantor Fitzgerald increased their target price on Lam Research from $120.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday. Rothschild & Co Redburn increased their target price on Lam Research from $115.00 to $140.00 and gave the company a “buy” rating in a research report on Wednesday. KeyCorp increased their target price on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Finally, Citigroup increased their target price on Lam Research from $113.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $119.20.

Lam Research Company 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.