Sloy Dahl & Holst LLC Decreases Stock Holdings in Lam Research Corporation $LRCX

Sloy Dahl & Holst LLC trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.9% in the 2nd quarter, Holdings Channel reports. The firm owned 16,930 shares of the semiconductor company’s stock after selling 500 shares during the period. Lam Research accounts for approximately 0.2% of Sloy Dahl & Holst LLC’s holdings, making the stock its 25th biggest position. Sloy Dahl & Holst LLC’s holdings in Lam Research were worth $1,648,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. purchased a new stake in Lam Research during the second quarter valued at approximately $26,000. REAP Financial Group LLC purchased a new stake in Lam Research during the second quarter valued at approximately $31,000. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the first quarter valued at approximately $26,000. Hilltop National Bank purchased a new stake in Lam Research during the second quarter valued at approximately $38,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Lam Research by 207.3% during the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 284 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Oppenheimer upped their target price on shares of Lam Research from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. UBS Group upped their target price on shares of Lam Research from $95.00 to $120.00 and gave the company a “buy” rating in a report on Monday, July 21st. Argus upped their target price on shares of Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 1st. Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. Finally, Erste Group Bank began coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a “buy” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $129.04.

Insider Buying and Selling

In related news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction dated 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 owned 251,047 shares of the company’s stock, valued at $34,870,428.30. This trade represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.31% of the stock is owned by corporate insiders.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $141.25 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The firm has a fifty day moving average price of $121.38 and a 200 day moving average price of $98.38. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The firm has a market cap of $178.12 billion, a price-to-earnings ratio of 33.95, a P/E/G ratio of 1.76 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. The company had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research’s revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. 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. Lam Research’s payout ratio is 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.