Voya Investment Management LLC Sells 12,042 Shares of Lam Research Corporation $LRCX

Voya Investment Management LLC cut its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 620,279 shares of the semiconductor company’s stock after selling 12,042 shares during the period. Voya Investment Management LLC’s holdings in Lam Research were worth $45,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the 1st quarter valued at $26,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Lam Research in the 4th quarter valued at $27,000. Park Square Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at $31,000. Putney Financial Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at $36,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Lam Research in the 1st quarter valued at $36,000. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

Shares of LRCX opened at $116.96 on Friday. The stock has a 50-day moving average of $101.07 and a two-hundred day moving average of $86.72. Lam Research Corporation has a one year low of $56.32 and a one year high of $117.50. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The stock has a market cap of $148.03 billion, a P/E ratio of 28.12, a P/E/G ratio of 1.49 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 EPS for the quarter, topping 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 company had revenue of $5.17 billion during the quarter, compared to analysts’ expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’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, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The company 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 dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. This is an increase from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is presently 22.12%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Cantor Fitzgerald lifted their price target on Lam Research from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Barclays set a $83.00 price target on Lam Research and gave the company an “equal weight” rating in a report on Monday, July 28th. UBS Group boosted their target price on Lam Research from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, The Goldman Sachs Group started coverage on Lam Research in a research note on Thursday, July 10th. They set a “buy” rating and a $115.00 target price on the stock. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average target price of $107.96.

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.