Orion Capital Management LLC Sells 400 Shares of Lam Research Corporation $LRCX

Orion Capital Management LLC cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 44.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 500 shares of the semiconductor company’s stock after selling 400 shares during the period. Orion Capital Management LLC’s holdings in Lam Research were worth $49,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research during the first quarter worth about $26,000. IMG Wealth Management Inc. acquired a new stake in shares of Lam Research in the 2nd quarter valued at about $26,000. REAP Financial Group LLC bought a new stake in shares of Lam Research in the second quarter valued at about $31,000. 1 North Wealth Services LLC acquired a new stake in Lam Research in the 1st quarter valued at approximately $36,000. Finally, Rossby Financial LCC bought a new stake in Lam Research in the 1st quarter valued at approximately $37,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on LRCX. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday. Cowen reaffirmed a “buy” rating on shares of Lam Research in a research report on Thursday. Hsbc Global Res upgraded shares of Lam Research to a “hold” rating in a research note on Tuesday, September 30th. TD Cowen boosted their target price on shares of Lam Research from $145.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Needham & Company LLC increased their price target on Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $147.57.

Insiders Place Their Bets

In other news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.31% of the company’s stock.

Lam Research Trading Up 2.8%

Shares of LRCX stock opened at $151.68 on Friday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market cap of $191.27 billion, a P/E ratio of 33.41, a PEG ratio of 1.81 and a beta of 1.84. The stock has a 50 day simple moving average of $123.23 and a two-hundred day simple moving average of $99.87.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the firm posted $0.86 EPS. Lam Research’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research’s payout ratio is currently 22.91%.

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.