NorthRock Partners LLC Sells 2,751 Shares of Lam Research Corporation $LRCX

NorthRock Partners LLC cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 17.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,470 shares of the semiconductor company’s stock after selling 2,751 shares during the quarter. NorthRock Partners LLC’s holdings in Lam Research were worth $1,314,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. REAP Financial Group LLC bought a new stake in Lam Research in the 2nd quarter worth about $31,000. Smallwood Wealth Investment Management LLC bought a new stake in Lam Research in the 1st quarter worth about $26,000. Hilltop National Bank bought a new stake in Lam Research in the 2nd quarter worth about $38,000. Bruce G. Allen Investments LLC increased its holdings in Lam Research by 207.3% in the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock worth $41,000 after buying an additional 284 shares in the last quarter. Finally, 1 North Wealth Services LLC bought a new stake in Lam Research in the 1st quarter worth about $36,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup lifted their price objective on Lam Research from $113.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, September 8th. Cantor Fitzgerald boosted their price target on Lam Research from $120.00 to $155.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Barclays set a $83.00 price target on Lam Research and gave the company an “equal weight” rating in a research note on Monday, July 28th. UBS Group boosted their price target on Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Finally, Hsbc Global Res upgraded Lam Research to a “hold” rating in a research note on Tuesday, September 30th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $122.00.

Lam Research Stock Up 4.9%

LRCX stock opened at $137.81 on Tuesday. Lam Research Corporation has a twelve month low of $56.32 and a twelve month 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 cap of $173.78 billion, a P/E ratio of 33.13, a PEG ratio of 1.60 and a beta of 1.84. The business’s 50-day moving average price is $115.59 and its 200-day moving average price is $95.18.

Lam Research (NASDAQ:LRCX) last posted 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 return on equity of 58.17% and a net margin of 29.07%.The firm had revenue of $5.17 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period in the previous year, the firm earned $1.03 EPS. The business’s quarterly 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. On average, equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 dividend on an annualized basis and a yield of 0.8%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s payout ratio is presently 25.00%.

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.