Fortem Financial Group LLC Trims Stake in Lam Research Corporation $LRCX

Fortem Financial Group LLC lowered its position in Lam Research Corporation (NASDAQ:LRCX) by 5.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,955 shares of the semiconductor company’s stock after selling 1,745 shares during the period. Lam Research accounts for about 1.6% of Fortem Financial Group LLC’s investment portfolio, making the stock its 20th largest holding. Fortem Financial Group LLC’s holdings in Lam Research were worth $6,400,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Uhlmann Price Securities LLC bought a new stake in shares of Lam Research during the first quarter valued at approximately $1,397,000. Diversified Trust Co raised its holdings in Lam Research by 2.1% in the first quarter. Diversified Trust Co now owns 35,630 shares of the semiconductor company’s stock worth $7,613,000 after purchasing an additional 718 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in Lam Research by 66.5% in the first quarter. Nations Financial Group Inc. IA ADV now owns 11,993 shares of the semiconductor company’s stock worth $2,562,000 after purchasing an additional 4,790 shares in the last quarter. J. Derek Lewis & Associates Inc. purchased a new position in Lam Research during the fourth quarter valued at $230,000. Finally, World Investment Advisors boosted its holdings in shares of Lam Research by 33.7% during the 4th quarter. World Investment Advisors now owns 16,208 shares of the semiconductor company’s stock valued at $2,774,000 after buying an additional 4,086 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity

In related news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 86,339 shares of company stock worth $27,680,267 over the last 90 days. 0.31% of the stock is currently owned by insiders.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Analysts and market commentary continue to highlight Lam Research as a key winner from the AI infrastructure buildout, with reports suggesting its wafer-fab equipment opportunity may be larger than expected. Lam Research Corporation (LRCX)’s WFE Opportunity May Be Bigger Than Expected
• Positive Sentiment: Oppenheimer raised its price target on LRCX to $400 from $330 and reiterated an Outperform rating, reinforcing the view that AI-related demand can drive further growth. Lam Research Corporation (LRCX)’s WFE Opportunity May Be Bigger Than Expected
• Positive Sentiment: Zacks noted LRCX jumped on above-average volume and said improving earnings estimate revisions could support more near-term upside. Lam Research (LRCX) Moves 4.0% Higher: Will This Strength Last?
• Positive Sentiment: Coverage from GuruFocus highlighted LRCX’s strong profitability and recent 4% share gain, which may be encouraging momentum investors. Lam Research Corp (LRCX) Shares Surge 4.0% — What GF Score of 85 Tells Investors
• Neutral Sentiment: Several articles framed LRCX as an attractive stock on momentum and profitability grounds, but these were largely descriptive and did not introduce a major new catalyst. Are You Looking for a Top Momentum Pick? Why Lam Research (LRCX) is a Great Choice
• Negative Sentiment: Some comparative coverage argued Texas Instruments may be a better semiconductor buy than Lam Research due to valuation and growth visibility, which could temper enthusiasm at the margin. TXN vs. LRCX: Which Semiconductor Stock Is the Better Buy Right Now?
• Negative Sentiment: Fresh put-option activity in LRCX suggests some traders are hedging or betting on downside after the rally. Stock Traders Buy High Volume of Put Options on Lam Research (NASDAQ:LRCX)

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LRCX. Sanford C. Bernstein upped their target price on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Oppenheimer reissued an “outperform” rating and set a $400.00 price target (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. Evercore boosted their price objective on shares of Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Barclays restated an “overweight” rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Finally, Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $333.62.

Lam Research Price Performance

LRCX opened at $389.04 on Friday. The stock has a 50-day moving average price of $301.75 and a 200-day moving average price of $241.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a market cap of $486.52 billion, a PE ratio of 73.40, a P/E/G ratio of 3.21 and a beta of 1.85. Lam Research Corporation has a 1 year low of $87.75 and a 1 year high of $401.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the previous year, the business posted $1.04 EPS. Lam Research’s revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts predict that Lam Research Corporation will post 5.7 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio is currently 19.62%.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.