Valley National Advisers Inc. Sells 1,154 Shares of Lam Research Corporation $LRCX

Valley National Advisers Inc. trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,272 shares of the semiconductor company’s stock after selling 1,154 shares during the period. Lam Research comprises 0.7% of Valley National Advisers Inc.’s holdings, making the stock its 26th biggest holding. Valley National Advisers Inc.’s holdings in Lam Research were worth $4,211,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake 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 worth $9,389,358,000 after purchasing an additional 8,364,375 shares during the period. Invesco Ltd. lifted its holdings in Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company’s stock valued at $1,259,947,000 after buying an additional 472,636 shares in the last quarter. Goldman Sachs Group Inc. boosted its position 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 valued at $693,319,000 after buying an additional 1,953,221 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Lam Research by 4.9% in 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 acquiring an additional 418,077 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Lam Research during the first quarter worth approximately $604,344,000. Institutional investors own 84.61% of the company’s stock.

Lam Research Trading Down 0.8%

LRCX opened at $145.81 on Monday. 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 company’s 50 day simple moving average is $110.47 and its two-hundred day simple moving average is $92.48. The firm has a market capitalization of $183.87 billion, a price-to-earnings ratio of 35.05, a price-to-earnings-growth ratio of 1.78 and a beta of 1.84. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $147.91.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS 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 last year, the business posted $1.03 earnings per share. 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. Analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. 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 a boost from Lam Research’s previous quarterly dividend of $0.23. Lam Research’s dividend payout ratio is presently 25.00%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent research reports. Cantor Fitzgerald lifted their price objective on Lam Research from $120.00 to $155.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. Summit Insights downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Thursday, July 31st. The Goldman Sachs Group began coverage on Lam Research in a report on Thursday, July 10th. They set a “buy” rating and a $115.00 target price for the company. Raymond James Financial lifted their price target on Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus upped their price objective on Lam Research from $92.00 to $110.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Twenty-three analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $119.20.

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.