Segment Wealth Management LLC Sells 9,040 Shares of Lam Research Corporation $LRCX

Segment Wealth Management LLC decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 44.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,370 shares of the semiconductor company’s stock after selling 9,040 shares during the quarter. Segment Wealth Management LLC’s holdings in Lam Research were worth $1,107,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. BankPlus Wealth Management LLC grew its holdings in Lam Research by 2.0% during the second quarter. BankPlus Wealth Management LLC now owns 5,248 shares of the semiconductor company’s stock worth $511,000 after buying an additional 105 shares in the last quarter. ORG Partners LLC grew its holdings in Lam Research by 7.3% during the second quarter. ORG Partners LLC now owns 1,676 shares of the semiconductor company’s stock worth $162,000 after buying an additional 114 shares in the last quarter. Fairvoy Private Wealth LLC grew its holdings in Lam Research by 3.0% during the second quarter. Fairvoy Private Wealth LLC now owns 4,185 shares of the semiconductor company’s stock worth $407,000 after buying an additional 120 shares in the last quarter. Abundance Wealth Counselors grew its holdings in Lam Research by 1.1% during the second quarter. Abundance Wealth Counselors now owns 11,537 shares of the semiconductor company’s stock worth $1,123,000 after buying an additional 124 shares in the last quarter. Finally, First Pacific Financial grew its holdings in Lam Research by 7.7% during the second quarter. First Pacific Financial now owns 1,766 shares of the semiconductor company’s stock worth $172,000 after buying an additional 126 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on Lam Research in a report on Thursday, July 10th. They set a “buy” rating and a $115.00 price target for the company. Erste Group Bank initiated coverage on Lam Research in a research report on Thursday, August 14th. They issued a “buy” rating on the stock. Mizuho boosted their price objective on Lam Research from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Needham & Company LLC boosted their price objective on Lam Research from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft raised Lam Research from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $100.00 to $150.00 in a research report on Monday, September 29th. Twenty-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.20.

Lam Research Stock Down 0.8%

Shares of NASDAQ LRCX opened at $145.81 on Friday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $147.91. The business has a 50-day simple moving average of $110.47 and a two-hundred day simple moving average of $92.37. 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 company has a market cap of $183.87 billion, a P/E ratio of 35.05, a P/E/G ratio of 1.78 and a beta of 1.84.

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

Lam Research Increases Dividend

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