CX Institutional Reduces Stock Position in Lam Research Corporation $LRCX

CX Institutional cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,495 shares of the semiconductor company’s stock after selling 2,719 shares during the quarter. CX Institutional’s holdings in Lam Research were worth $11,048,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares during the period. Caxton Associates LLP purchased a new position in Lam Research during the first quarter valued at approximately $239,000. Gabelli Funds LLC bought a new stake in Lam Research during the 2nd quarter worth approximately $253,000. NewEdge Advisors LLC lifted its stake in Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. lifted its stake in Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research News Roundup

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

• Positive Sentiment: Lam Research was added to Zacks’ Rank #1 (Strong Buy) list and its list of top momentum stocks for August 3. These ratings may attract additional buying interest by highlighting improving earnings and price momentum. Best Momentum Stocks to Buy for August 3rd
• Positive Sentiment: Recent coverage emphasized Lam Research’s record fiscal-year performance, including record June-quarter revenue, operating margin and earnings per share. The company’s latest results also exceeded consensus expectations, with revenue growth of 30% year over year and stronger-than-expected earnings, reinforcing the semiconductor-equipment maker’s growth outlook. What a $10,000 Investment in Lam Research 10 Years Ago Would Be Worth Today
• Positive Sentiment: Analyst coverage remains broadly bullish, with Needham reiterating its Buy rating and other analysts identifying LRCX among attractive technology stocks. This supports the view that demand for semiconductor manufacturing equipment remains durable. Lam Research’s Buy Rating Reiterated at Needham
• Neutral Sentiment: Semiconductor-sector coverage noted that some air has come out of the chip-stock rally. Although the article focused on a bearish leveraged ETF rather than LRCX, it signals elevated volatility and the possibility of further rotations within semiconductor stocks. Semiconductor Outlook Bodes Well for This ETF
• Negative Sentiment: B. Riley Financial cut its Lam Research price target to $350, while a separate report cited trading weakness following an analyst downgrade. The actions could weigh on sentiment, particularly given LRCX’s elevated valuation despite its strong growth. B. Riley Cuts Lam Research Price Target

Lam Research Stock Up 0.5%

Shares of LRCX opened at $294.61 on Tuesday. Lam Research Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The stock has a 50 day simple moving average of $340.60 and a two-hundred day simple moving average of $277.43. The firm has a market cap of $368.43 billion, a P/E ratio of 51.15, a P/E/G ratio of 1.22 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business’s revenue was up 30.0% compared to the same quarter last year. During the same period last year, the firm posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts forecast that Lam Research Corporation will post 8.9 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 18.06%.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 80,441 shares of company stock worth $27,614,296 in the last 90 days. 0.31% of the stock is owned by company insiders.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent analyst reports. Bank of America increased their price objective on Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Barclays reissued an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Rothschild & Co Redburn upped their price objective on shares of Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Citigroup reaffirmed a “buy” rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Finally, Mizuho lifted their target price on shares of Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.47.

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.