Lam Research Corporation $LRCX Shares Sold by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 18.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 2,833 shares of the semiconductor company’s stock after selling 637 shares during the period. Castle Rock Wealth Management LLC’s holdings in Lam Research were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of LRCX. Brighton Jones LLC increased its holdings in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares during the period. UMB Bank n.a. acquired a new position in Lam Research in the 1st quarter worth approximately $357,000. Portside Wealth Group LLC acquired a new position in Lam Research in the 1st quarter worth approximately $285,000. Farther Finance Advisors LLC increased its holdings in Lam Research by 47.3% in the 1st quarter. Farther Finance Advisors LLC now owns 21,765 shares of the semiconductor company’s stock worth $1,585,000 after buying an additional 6,992 shares during the period. Finally, Pallas Capital Advisors LLC acquired a new position in Lam Research in the 1st quarter worth approximately $504,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Up 1.6%

Shares of NASDAQ:LRCX opened at $142.54 on Thursday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The firm has a market capitalization of $179.75 billion, a price-to-earnings ratio of 34.26, a price-to-earnings-growth ratio of 1.71 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. The business’s 50 day moving average price is $113.18 and its 200-day moving average price is $93.66.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating 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 firm 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 posted $1.03 EPS. The business’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. On average, equities research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. Lam Research’s payout ratio is 25.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LRCX shares. Summit Insights downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, July 31st. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an “equal weight” rating in a research note on Monday, July 28th. Stifel Nicolaus raised their price objective on shares of Lam Research from $92.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $121.00.

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.