Janney Montgomery Scott LLC Reduces Holdings in Lam Research Corporation $LRCX

Janney Montgomery Scott LLC decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 22.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 351,493 shares of the semiconductor company’s stock after selling 103,431 shares during the period. Janney Montgomery Scott LLC’s holdings in Lam Research were worth $34,214,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in LRCX. Vanguard Group Inc. grew its stake in shares of 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 period. Nuveen LLC purchased a new stake in shares of Lam Research in the 1st quarter valued at approximately $604,344,000. Price T Rowe Associates Inc. MD grew its stake in shares of 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 period. Boston Partners grew its stake in shares of 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 period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Lam Research by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock valued at $693,319,000 after buying an additional 1,953,221 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of Lam Research in a research report on Thursday, July 10th. They set a “buy” rating and a $115.00 price objective for the company. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. TD Cowen increased their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Finally, Mizuho increased their price objective on shares of Lam Research from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Twenty-two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $117.72.

Lam Research Price Performance

Shares of LRCX opened at $142.79 on Thursday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $143.09. The firm’s fifty day simple moving average is $108.51 and its 200-day simple moving average is $91.33. The firm has a market capitalization of $180.06 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.63 and a beta of 1.83. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period last year, the business earned $1.03 EPS. The company’s revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts forecast 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 will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 24th. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio (DPR) is 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.