Lam Research Corporation $LRCX Shares Sold by Armstrong Advisory Group Inc.

Armstrong Advisory Group Inc. reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 54.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 960 shares of the semiconductor company’s stock after selling 1,150 shares during the period. Armstrong Advisory Group Inc.’s holdings in Lam Research were worth $93,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ridgewood Investments LLC grew its position in Lam Research by 8.1% during the 2nd quarter. Ridgewood Investments LLC now owns 8,923 shares of the semiconductor company’s stock worth $869,000 after purchasing an additional 669 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in shares of Lam Research during the 2nd quarter valued at about $437,000. U.S. Capital Wealth Advisors LLC grew its position in shares of Lam Research by 3.3% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 6,094 shares of the semiconductor company’s stock valued at $593,000 after acquiring an additional 192 shares during the period. Lewis Asset Management LLC acquired a new stake in shares of Lam Research during the 2nd quarter valued at about $473,000. Finally, Park Avenue Securities LLC grew its position in shares of Lam Research by 9.0% during the 2nd quarter. Park Avenue Securities LLC now owns 61,067 shares of the semiconductor company’s stock valued at $5,944,000 after acquiring an additional 5,052 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of analyst reports. Citigroup raised their target price on Lam Research from $113.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, September 8th. Needham & Company LLC raised their target price on Lam Research from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. B. Riley restated a “buy” rating and set a $115.00 target price (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Barclays set a $83.00 target price on Lam Research and gave the company an “equal weight” rating in a research report on Monday, July 28th. Finally, Stifel Nicolaus raised their target price on Lam Research from $92.00 to $110.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Twenty equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $109.39.

Lam Research Stock Up 4.2%

LRCX stock opened at $132.20 on Tuesday. The firm has a market cap of $166.71 billion, a PE ratio of 31.78, a PEG ratio of 1.63 and a beta of 1.76. 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’s 50 day moving average price is $104.01 and its 200-day moving average price is $88.78. Lam Research Corporation has a one year low of $56.32 and a one year high of $132.63.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities research analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current 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 0.8%. 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 22.12%.

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.