Syntegra Private Wealth Group LLC Sells 260 Shares of Lam Research Corporation $LRCX

Syntegra Private Wealth Group LLC lessened its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,100 shares of the semiconductor company’s stock after selling 260 shares during the period. Syntegra Private Wealth Group LLC’s holdings in Lam Research were worth $399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LRCX. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 8,364,375 shares during the period. Invesco Ltd. lifted its position in Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after acquiring an additional 472,636 shares in the last quarter. Nordea Investment Management AB boosted its stake in Lam Research by 34.1% in the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock worth $1,029,210,000 after purchasing an additional 2,692,189 shares during the period. Goldman Sachs Group Inc. boosted its stake in Lam Research by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company’s stock worth $693,319,000 after purchasing an additional 1,953,221 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Lam Research by 4.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company’s stock worth $647,067,000 after purchasing an additional 418,077 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research reports. KeyCorp boosted their price target on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. Summit Insights lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. Wells Fargo & Company upped their price target on Lam Research from $98.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 2nd. Raymond James Financial raised their price target on shares of Lam Research from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Barclays set a $142.00 price objective on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday. Twenty-three research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.04.

Lam Research Stock Up 1.8%

Shares of LRCX stock opened at $144.05 on Tuesday. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $153.70. The stock has a market cap of $181.65 billion, a price-to-earnings ratio of 34.63, a PEG ratio of 1.72 and a beta of 1.84. The firm’s 50-day moving average is $119.90 and its 200-day moving average is $97.75. 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 (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping 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 the consensus estimate of $4.99 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The business’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. Sell-side analysts predict 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 was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. This is a positive change from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. Lam Research’s dividend payout ratio (DPR) is presently 25.00%.

Insider Activity at Lam Research

In other Lam Research news, SVP Vahid Vahedi sold 52,190 shares of the company’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares in the company, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

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.