Guinness Atkinson Asset Management Inc Sells 5,498 Shares of Lam Research Corporation $LRCX

Guinness Atkinson Asset Management Inc reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 7.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,422 shares of the semiconductor company’s stock after selling 5,498 shares during the period. Lam Research comprises 3.5% of Guinness Atkinson Asset Management Inc’s investment portfolio, making the stock its 12th biggest position. Guinness Atkinson Asset Management Inc’s holdings in Lam Research were worth $6,758,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research in the first quarter worth $26,000. IMG Wealth Management Inc. bought a new position in shares of Lam Research during the 2nd quarter worth $26,000. REAP Financial Group LLC purchased a new stake in Lam Research in the 2nd quarter worth about $31,000. 1 North Wealth Services LLC bought a new stake in Lam Research in the 1st quarter valued at about $36,000. Finally, Rossby Financial LCC purchased a new stake in Lam Research during the first quarter valued at about $37,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 2.8%

LRCX opened at $151.68 on Monday. The firm has a market capitalization of $191.27 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 1.66 and a beta of 1.84. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The company has a fifty day moving average price of $123.23 and a 200-day moving average price of $100.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.21 and a quick ratio of 1.60.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data 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 return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm’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. Equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date was Wednesday, September 24th. 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%.

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction that occurred on 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 directly owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday, October 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $170.00 price objective on shares of Lam Research in a report on Thursday. Barclays set a $142.00 target price on shares of Lam Research and gave the company an “equal weight” rating in a report on Monday, October 20th. Oppenheimer set a $200.00 target price on Lam Research and gave the stock an “outperform” rating in a research report on Thursday. Finally, Citigroup lifted their price target on Lam Research from $120.00 to $175.00 and gave the company a “buy” rating in a research report on Thursday. One equities 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $147.57.

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.