Lam Research Corporation $LRCX Shares Sold by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC cut its holdings in Lam Research Corporation (NASDAQ:LRCX) by 7.4% during the 2nd quarter, Holdings Channel reports. The firm owned 9,882 shares of the semiconductor company’s stock after selling 787 shares during the period. 3Chopt Investment Partners LLC’s holdings in Lam Research were worth $964,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC increased its position in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Lam Research by 47.3% during the 1st quarter. Farther Finance Advisors LLC now owns 21,765 shares of the semiconductor company’s stock worth $1,585,000 after purchasing an additional 6,992 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in shares of Lam Research during the 1st quarter worth about $504,000. GAMMA Investing LLC lifted its stake in shares of Lam Research by 21.5% during the first quarter. GAMMA Investing LLC now owns 29,408 shares of the semiconductor company’s stock valued at $2,138,000 after buying an additional 5,213 shares during the period. Finally, Integrated Advisors Network LLC lifted its stake in shares of Lam Research by 46.2% during the first quarter. Integrated Advisors Network LLC now owns 17,449 shares of the semiconductor company’s stock valued at $1,269,000 after buying an additional 5,517 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LRCX. Wall Street Zen raised shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Summit Insights downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. TD Cowen lifted their price objective on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Citigroup raised their price target on Lam Research from $113.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, September 8th. Finally, Rothschild & Co Redburn increased their price objective on shares of Lam Research from $115.00 to $140.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $121.00.

Lam Research Stock Down 1.1%

LRCX opened at $141.00 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 1 year low of $56.32 and a 1 year high of $153.70. The firm has a 50 day moving average price of $114.10 and a 200 day moving average price of $94.09. The company has a market cap of $177.81 billion, a PE ratio of 33.89, a price-to-earnings-growth ratio of 1.74 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.7%. This is a boost from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research’s dividend payout ratio is 25.00%.

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.