Lam Research Corporation $LRCX Stock Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 251,376 shares of the semiconductor company’s stock after selling 4,280 shares during the period. Lam Research makes up approximately 0.9% of Pinnacle Associates Ltd.’s holdings, making the stock its 23rd largest position. Pinnacle Associates Ltd.’s holdings in Lam Research were worth $82,580,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LRCX. Integrated Advisors Network LLC lifted its position in Lam Research by 10.2% during the 3rd quarter. Integrated Advisors Network LLC now owns 10,075 shares of the semiconductor company’s stock worth $3,310,000 after acquiring an additional 930 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of Lam Research by 8.5% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,992,638 shares of the semiconductor company’s stock valued at $654,602,000 after purchasing an additional 156,641 shares during the last quarter. Revisor Wealth Management LLC grew its stake in shares of Lam Research by 31.6% in the 3rd quarter. Revisor Wealth Management LLC now owns 911 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 219 shares during the last quarter. DUTCH ASSET Corp increased its holdings in shares of Lam Research by 6.4% in the third quarter. DUTCH ASSET Corp now owns 4,652 shares of the semiconductor company’s stock valued at $1,529,000 after purchasing an additional 280 shares during the period. Finally, West Branch Capital LLC increased its holdings in shares of Lam Research by 1.8% in the third quarter. West Branch Capital LLC now owns 7,493 shares of the semiconductor company’s stock valued at $2,461,000 after purchasing an additional 135 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on LRCX. B. Riley Financial upped their price target on Lam Research from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Bank of America increased their price target on Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Wells Fargo & Company reiterated an “overweight” rating and issued a $350.00 price objective (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Evercore set a $315.00 price objective on shares of Lam Research in a research note on Tuesday. Finally, Needham & Company LLC restated a “buy” rating and set a $390.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.07.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This represents a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is currently owned by insiders.

Trending Headlines about Lam Research

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

• Positive Sentiment: Analysts at Zacks said Lam Research has a strong history of earnings surprises and currently has the key indicators that could support another quarterly beat. The company previously reported record quarterly revenue of $6.72 billion, up 30% year over year, and guided to approximately $8.10 billion in revenue and $2.15 in non-GAAP EPS for the September quarter. Why Lam Research Is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Longer-term demand remains tied to artificial-intelligence infrastructure, advanced memory, 5G and automotive chips. Lam’s customer-support and service revenue also provides some recurring business and may help moderate semiconductor-cycle volatility. The Bull Case for Lam Research
• Neutral Sentiment: Expectations are elevated after a roughly 53% year-to-date rally and strong prior results. Investors will focus on whether revenue growth, earnings and management’s outlook justify the stock’s premium valuation. Lam Research Nears Earnings After a 53% Year-to-Date Rally
• Negative Sentiment: Evercore lowered its price target before earnings, adding pressure to the shares and signaling that near-term upside expectations may have become too demanding. Lam Research Shares Fall as Evercore Cuts Target
• Negative Sentiment: Investors are also concerned that semiconductor capital spending in 2027 may not keep pace with the optimism surrounding the AI buildout. Weakness across chip-equipment stocks suggests the move is partly sector-driven rather than caused by a new company-specific announcement. Lam Research Slips Ahead of Earnings
• Negative Sentiment: Reported insider activity shows sales without purchases over the past six months, which may reinforce caution, although such transactions can reflect scheduled diversification rather than a direct view on the company’s prospects.

Lam Research Stock Down 3.2%

LRCX opened at $263.45 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. Lam Research Corporation has a 12 month low of $135.50 and a 12 month high of $438.50. The stock has a market capitalization of $329.69 billion, a P/E ratio of 45.74, a P/E/G ratio of 1.08 and a beta of 1.85. The business has a 50 day simple moving average of $307.38 and a 200-day simple moving average of $309.50.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. Lam Research’s quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 9.35 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, September 23rd. Lam Research’s dividend payout ratio is 22.92%.

Lam Research Company Profile

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.