Lam Research Corporation $LRCX Shares Sold by Dale Q Rice Investment Management Ltd

Dale Q Rice Investment Management Ltd reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 50.0% in the second quarter, HoldingsChannel.com reports. The fund owned 6,490 shares of the semiconductor company’s stock after selling 6,490 shares during the quarter. Lam Research accounts for 0.5% of Dale Q Rice Investment Management Ltd’s portfolio, making the stock its 29th biggest position. Dale Q Rice Investment Management Ltd’s holdings in Lam Research were worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC bought a new stake in shares of Lam Research during the second quarter valued at approximately $31,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Lam Research during the first quarter valued at approximately $26,000. Hilltop National Bank bought a new stake in shares of Lam Research during the second quarter valued at approximately $38,000. Bruce G. Allen Investments LLC raised its holdings in Lam Research by 207.3% during the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 284 shares in the last quarter. Finally, 1 North Wealth Services LLC bought a new stake in Lam Research during the first quarter worth approximately $36,000. Institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

NASDAQ LRCX opened at $141.51 on Friday. The stock has a market capitalization of $178.45 billion, a P/E ratio of 34.02, a P/E/G ratio of 1.73 and a beta of 1.84. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The business’s fifty day moving average is $119.06 and its two-hundred day moving average is $96.78. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm’s revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio is presently 25.00%.

Analyst Ratings Changes

Several brokerages recently commented on LRCX. The Goldman Sachs Group boosted their target price on Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft raised 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 report on Monday, September 29th. B. Riley boosted their target price on Lam Research from $130.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, September 24th. Stifel Nicolaus set a $135.00 target price on Lam Research and gave the stock a “buy” rating in a report on Monday. Finally, KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, July 15th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $125.08.

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.