Ridgeline Wealth Planning LLC Sells 1,422 Shares of Lam Research Corporation $LRCX

Ridgeline Wealth Planning LLC lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 18.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,477 shares of the semiconductor company’s stock after selling 1,422 shares during the period. Lam Research accounts for approximately 0.5% of Ridgeline Wealth Planning LLC’s portfolio, making the stock its 20th largest holding. Ridgeline Wealth Planning LLC’s holdings in Lam Research were worth $630,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its stake in Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock valued at $13,629,000 after buying an additional 17,833 shares during the period. Pinnacle Financial Partners Inc bought a new stake in Lam Research during the first quarter valued at $201,000. Cookson Peirce & Co. Inc. bought a new stake in Lam Research during the first quarter valued at $607,000. China Universal Asset Management Co. Ltd. boosted its stake in Lam Research by 27.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock valued at $3,607,000 after buying an additional 10,565 shares during the period. Finally, Glass Wealth Management Co LLC boosted its stake in Lam Research by 8.5% during the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock valued at $2,810,000 after buying an additional 2,270 shares during the period. Institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Lam Research from $92.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. TD Cowen raised their price target on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Hsbc Global Res upgraded Lam Research to a “hold” rating in a research report on Tuesday, September 30th. Cantor Fitzgerald raised their price target on Lam Research from $120.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Finally, UBS Group raised their price target on Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, July 21st. Twenty-three investment 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, the company presently has an average rating of “Moderate Buy” and an average price target of $121.00.

Lam Research Stock Down 1.1%

LRCX opened at $141.00 on Friday. The company has a market cap of $177.81 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.74 and a beta of 1.84. The business’s 50-day moving average price is $114.10 and its 200-day moving average price is $94.09. 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 Corporation has a 12 month low of $56.32 and a 12 month high of $153.70.

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

Lam Research Increases Dividend

The business 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 is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) 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.