Texas Permanent School Fund Corp Trims Holdings in Lam Research Corporation $LRCX

Texas Permanent School Fund Corp cut its position in Lam Research Corporation (NASDAQ:LRCX) by 31.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,085 shares of the semiconductor company’s stock after selling 50,434 shares during the period. Texas Permanent School Fund Corp’s holdings in Lam Research were worth $10,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. IMG Wealth Management Inc. bought a new position in shares of Lam Research in the second quarter worth about $26,000. Howard Hughes Medical Institute bought a new stake in Lam Research during the 2nd quarter valued at approximately $27,000. Strategic Wealth Investment Group LLC bought a new stake in Lam Research during the 2nd quarter valued at approximately $29,000. Delos Wealth Advisors LLC purchased a new position in Lam Research in the 2nd quarter worth approximately $30,000. Finally, REAP Financial Group LLC purchased a new position in Lam Research in the 2nd quarter worth approximately $31,000. 84.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. JPMorgan Chase & Co. increased their price target on Lam Research from $113.00 to $165.00 and gave the company an “overweight” rating in a research note on Thursday, October 23rd. Hsbc Global Res raised shares of Lam Research to a “hold” rating in a research note on Tuesday, September 30th. Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Rothschild & Co Redburn upped their price objective on Lam Research from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, October 14th. Twenty-six equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.21.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $164.30 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 1.60 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 $169.69. The company has a market capitalization of $206.37 billion, a price-to-earnings ratio of 36.19, a PEG ratio of 1.65 and a beta of 1.77. The firm’s 50-day moving average is $152.83 and its 200 day moving average is $121.06.

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

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 0.6%. Lam Research’s payout ratio is presently 22.91%.

Insiders Place Their Bets

In other news, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the sale, the insider directly owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bethany Mayer sold 1,298 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares in the company, valued at approximately $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 102,608 shares of company stock worth $14,916,496. Insiders own 0.31% of the company’s stock.

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.