Catalyst Capital Advisors LLC Decreases Stock Position in Lam Research Corporation $LRCX

Catalyst Capital Advisors LLC trimmed its position in Lam Research Corporation (NASDAQ:LRCX) by 16.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 2,587 shares of the semiconductor company’s stock after selling 507 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Lam Research were worth $252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of LRCX. Smallwood Wealth Investment Management LLC purchased a new position in shares of Lam Research in the first quarter worth about $26,000. IMG Wealth Management Inc. purchased a new position in shares of Lam Research in the second quarter worth about $26,000. REAP Financial Group LLC purchased a new position in shares of Lam Research in the second quarter worth about $31,000. 1 North Wealth Services LLC purchased a new position in shares of Lam Research in the first quarter worth about $36,000. Finally, Rossby Financial LCC purchased a new position in shares of Lam Research in the first quarter worth about $37,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 2.8%

Shares of LRCX opened at $151.68 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $153.70. The stock’s 50 day moving average is $123.23 and its two-hundred day moving average is $99.60. The firm has a market cap of $191.27 billion, a P/E ratio of 33.41, a PEG ratio of 1.76 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same period last year, the company earned $0.86 earnings per share. Lam Research’s quarterly revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio is 22.91%.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on LRCX shares. Wells Fargo & Company raised their price objective on Lam Research from $135.00 to $145.00 and gave the stock an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their price target on Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays set a $142.00 price target on Lam Research and gave the company an “equal weight” rating in a research report on Monday. 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 research report on Thursday, July 31st. Finally, Mizuho lifted their price target on Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $147.21.

About Lam Research

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.