Bar Harbor Wealth Management Sells 1,227 Shares of Lam Research Corporation $LRCX

Bar Harbor Wealth Management lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,520 shares of the semiconductor company’s stock after selling 1,227 shares during the period. Bar Harbor Wealth Management’s holdings in Lam Research were worth $5,307,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased 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 worth $13,629,000 after purchasing an additional 17,833 shares in the last quarter. Pinnacle Financial Partners Inc bought a new position in shares of Lam Research in the 1st quarter valued at about $201,000. Cookson Peirce & Co. Inc. bought a new position in shares of Lam Research in the 1st quarter valued at about $607,000. China Universal Asset Management Co. Ltd. grew its holdings in shares of Lam Research by 27.1% in 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 acquiring an additional 10,565 shares in the last quarter. Finally, Glass Wealth Management Co LLC grew its holdings in shares of Lam Research by 8.5% in the 2nd quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock valued at $2,810,000 after acquiring an additional 2,270 shares in the last quarter. Institutional investors 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 52-week low of $56.32 and a 52-week high of $153.70. The company has a market capitalization of $179.75 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84. The company has a 50-day simple moving average of $113.18 and a 200 day simple moving average of $93.66. 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 issued its 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 business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research’s revenue was up 33.6% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LRCX shares. The Goldman Sachs Group raised their price objective on Lam Research from $115.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday. Argus raised their price objective on Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 1st. Oppenheimer raised their price objective on Lam Research from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Hsbc Global Res upgraded Lam Research to a “hold” rating in a report on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded Lam Research from a “hold” rating to a “buy” rating and raised their price objective for the company from $100.00 to $150.00 in a report on Monday, September 29th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average 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.