Signature Resources Capital Management LLC Sells 14,964 Shares of Lam Research Corporation $LRCX

Signature Resources Capital Management LLC decreased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 67.7% in the first quarter, HoldingsChannel.com reports. The fund owned 7,134 shares of the semiconductor company’s stock after selling 14,964 shares during the period. Lam Research comprises about 0.7% of Signature Resources Capital Management LLC’s portfolio, making the stock its 18th largest holding. Signature Resources Capital Management LLC’s holdings in Lam Research were worth $1,524,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LRCX. PMV Capital Advisers LLC bought a new position in Lam Research in the 4th quarter worth $25,000. Stance Capital LLC purchased a new stake in shares of Lam Research in the 3rd quarter worth about $26,000. Bayban bought a new stake in shares of Lam Research during the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research during the 1st quarter valued at about $26,000. Finally, Cedar Mountain Advisors LLC increased its position in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 85 shares during the period. Institutional investors own 84.61% of the company’s stock.

Key Lam Research News

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

• Positive Sentiment: Mizuho raised its price target on Lam Research to $400 from $380 and kept an outperform rating, adding to the bullish analyst momentum around the stock.
• Positive Sentiment: Stifel Nicolaus boosted its target to $425 from $325 and reiterated a buy rating, citing above-consensus estimates and suggesting further upside for LRCX.
• Positive Sentiment: Needham also increased its target to $390 from $300 and maintained a buy rating, reinforcing the view that Lam Research is well positioned to benefit from AI-driven chip demand.
• Positive Sentiment: Additional coverage highlighted Lam Research as a beneficiary of broader AI infrastructure spending and possible easing of China-related chip restrictions, which could improve sentiment across semiconductor equipment names. Does AI Rebound and China Chip Access Shift Change The Bull Case For Lam Research (LRCX)?
• Neutral Sentiment: Lam Research announced that it will host its June quarter financial conference call and webcast on July 29, giving investors a near-term catalyst to watch.
• Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be a factor driving the move.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of Lam Research 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 completion of the transaction, the senior vice president directly owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares in the company, valued at approximately $69,881,114. This represents a 21.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 86,339 shares of company stock worth $27,680,267. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Mizuho increased their price target on shares of Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday. New Street Research raised their target price on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. JPMorgan Chase & Co. lifted their price target on Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Barclays reiterated 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, Deutsche Bank Aktiengesellschaft upped their target price on shares of Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $350.81.

Lam Research Stock Down 0.8%

NASDAQ:LRCX traded down $2.84 during trading hours on Friday, reaching $350.33. 6,880,746 shares of the company traded hands, compared to its average volume of 13,276,366. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $334.89 and its two-hundred day moving average price is $263.61. Lam Research Corporation has a 1 year low of $90.93 and a 1 year high of $438.50. The stock has a market capitalization of $438.11 billion, a P/E ratio of 66.10, a P/E/G ratio of 2.07 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Analysts predict that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

Lam Research Profile

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.