Strategic Blueprint LLC Sells 1,041 Shares of Lam Research Corporation $LRCX

Strategic Blueprint LLC reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 11.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,837 shares of the semiconductor company’s stock after selling 1,041 shares during the quarter. Strategic Blueprint LLC’s holdings in Lam Research were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Freedom Investment Management Inc. lifted its holdings in Lam Research by 47.3% in the second quarter. Freedom Investment Management Inc. now owns 8,430 shares of the semiconductor company’s stock valued at $821,000 after buying an additional 2,706 shares during the period. Forum Financial Management LP lifted its stake in shares of Lam Research by 5.9% in the 2nd quarter. Forum Financial Management LP now owns 6,275 shares of the semiconductor company’s stock valued at $611,000 after purchasing an additional 347 shares during the period. Ethic Inc. boosted its position in shares of Lam Research by 2.0% in the 2nd quarter. Ethic Inc. now owns 187,307 shares of the semiconductor company’s stock worth $18,206,000 after purchasing an additional 3,617 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in shares of Lam Research in the 2nd quarter worth $259,000. Finally, Rehmann Capital Advisory Group grew its stake in shares of Lam Research by 6.5% during the second quarter. Rehmann Capital Advisory Group now owns 8,742 shares of the semiconductor company’s stock worth $851,000 after purchasing an additional 533 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Up 2.8%

Lam Research stock opened at $151.68 on Friday. The company has a 50 day moving average of $123.23 and a 200-day moving average of $99.87. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $153.70. The stock has a market capitalization of $191.27 billion, a PE ratio of 33.41, a price-to-earnings-growth ratio of 1.81 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The firm’s revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, September 24th. This is a boost 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 is 22.91%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LRCX. Needham & Company LLC increased their target price on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. Cantor Fitzgerald reissued an “overweight” rating and set a $170.00 price objective on shares of Lam Research in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday. Berenberg Bank increased their target price on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a report on Thursday. Finally, UBS Group set a $165.00 price target on shares of Lam Research and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $147.57.

Insider Transactions at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president 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 legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

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.