Hardy Reed LLC Lowers Position in Lam Research Corporation $LRCX

Hardy Reed LLC decreased its stake in Lam Research Corporation (NASDAQ:LRCX) by 2.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,848 shares of the semiconductor company’s stock after selling 149 shares during the period. Hardy Reed LLC’s holdings in Lam Research were worth $667,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research during the 1st quarter valued at approximately $26,000. 1 North Wealth Services LLC purchased a new position in Lam Research during the first quarter valued at approximately $36,000. Rossby Financial LCC bought a new position in shares of Lam Research in the first quarter worth approximately $37,000. Saudi Central Bank purchased a new stake in shares of Lam Research in the first quarter worth $37,000. Finally, Hilltop National Bank purchased a new stake in shares of Lam Research in the second quarter worth $38,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. KeyCorp lifted their target price on shares of Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a “hold” rating to a “buy” rating and boosted their price objective for the company from $100.00 to $150.00 in a research report on Monday, September 29th. Needham & Company LLC upped their price objective on Lam Research from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, B. Riley lifted their price objective on shares of Lam Research from $130.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, September 24th. Twenty-three investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.20.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $149.15 on Tuesday. The firm has a fifty day simple moving average of $111.48 and a two-hundred day simple moving average of $92.99. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $153.70. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $188.08 billion, a P/E ratio of 35.85, a PEG ratio of 1.78 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced 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 firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business’s revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date is 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 (DPR) is presently 25.00%.

Lam Research Company 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.