Clifford Swan Investment Counsel LLC Decreases Holdings in Lam Research Corporation $LRCX

Clifford Swan Investment Counsel LLC trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 5.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,560 shares of the semiconductor company’s stock after selling 890 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Lam Research were worth $1,612,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after buying an additional 8,364,375 shares during the last quarter. Nuveen LLC purchased a new position in Lam Research in the 1st quarter valued at about $604,344,000. Price T Rowe Associates Inc. MD boosted its position in Lam Research by 99.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock valued at $417,242,000 after buying an additional 2,864,863 shares during the last quarter. Nordea Investment Management AB boosted its position in Lam Research by 34.1% in the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after buying an additional 2,692,189 shares during the last quarter. Finally, Boston Partners boosted its position in Lam Research by 9,978.3% in the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company’s stock valued at $170,787,000 after buying an additional 2,327,041 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of LRCX stock opened at $147.54 on Friday. 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 Corporation has a one year low of $56.32 and a one year high of $153.70. The company’s 50-day simple moving average is $122.19 and its 200-day simple moving average is $98.97. The stock has a market capitalization of $186.05 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 1.71 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.04. Lam Research had a net margin of 29.66% and a return on equity of 61.89%. The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the company posted $0.86 earnings per share. Lam Research’s revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Equities analysts anticipate 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 was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued a $0.26 dividend. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research’s dividend payout ratio is 22.91%.

Insider Transactions at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on LRCX shares. Deutsche Bank Aktiengesellschaft raised shares of Lam Research from a “hold” rating to a “buy” rating and upped their price objective for the company from $100.00 to $150.00 in a research report on Monday, September 29th. Stifel Nicolaus set a $160.00 price objective on shares of Lam Research and gave the company a “buy” rating in a research report on Thursday. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Needham & Company LLC increased their price target on shares of Lam Research from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Argus increased their price target on shares of Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $144.85.

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.