Ramirez Asset Management Inc. Sells 150 Shares of Lam Research Corporation $LRCX

Ramirez Asset Management Inc. decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 3.6% during the 2nd quarter, Holdings Channel reports. The firm owned 3,980 shares of the semiconductor company’s stock after selling 150 shares during the period. Ramirez Asset Management Inc.’s holdings in Lam Research were worth $387,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LRCX. Vanguard Group Inc. boosted its holdings in Lam Research by 6.9% in the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after acquiring an additional 8,364,375 shares in the last quarter. Nuveen LLC bought a new stake in Lam Research in the first quarter valued at $604,344,000. Price T Rowe Associates Inc. MD boosted its holdings in Lam Research by 99.7% in the first 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 acquiring an additional 2,864,863 shares in the last quarter. Boston Partners boosted its holdings in Lam Research by 9,978.3% in the first quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company’s stock valued at $170,787,000 after acquiring an additional 2,327,041 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Lam Research by 25.8% in the first quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock valued at $693,319,000 after acquiring an additional 1,953,221 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

LRCX opened at $141.00 on Friday. The stock has a 50-day moving average price of $114.10 and a 200-day moving average price of $94.09. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm has a market cap of $177.81 billion, a PE ratio of 33.89, a P/E/G ratio of 1.74 and a beta of 1.84. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results 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 firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.Lam Research’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced 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 is a positive change from Lam Research’s previous quarterly dividend of $0.23. 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 0.7%. Lam Research’s payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LRCX. Rothschild & Co Redburn lifted their price target on shares of Lam Research from $115.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft raised Lam Research from a “hold” rating to a “buy” rating and raised their price objective for the company from $100.00 to $150.00 in a research report on Monday, September 29th. Citigroup raised their price objective on Lam Research from $113.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Morgan Stanley set a $125.00 price objective on Lam Research and gave the company an “equal weight” rating in a research report on Monday, September 22nd. Finally, Barclays set a $83.00 price objective on Lam Research and gave the company an “equal weight” rating in a research report on Monday, July 28th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $121.00.

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.