Barometer Capital Management Inc. Sells 3,110 Shares of Lam Research Corporation $LRCX

Barometer Capital Management Inc. lowered its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 81.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 690 shares of the semiconductor company’s stock after selling 3,110 shares during the period. Barometer Capital Management Inc.’s holdings in Lam Research were worth $147,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in LRCX. State Street Corp raised its holdings in shares of Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after purchasing an additional 265,805 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Lam Research by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after purchasing an additional 126,613 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after purchasing an additional 1,638,406 shares in the last quarter. Norges Bank purchased a new position in Lam Research during the fourth quarter valued at approximately $3,645,427,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Lam Research by 352.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after buying an additional 10,666,540 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

NASDAQ LRCX opened at $319.29 on Thursday. The firm’s fifty day simple moving average is $340.92 and its two-hundred day simple moving average is $272.64. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 12-month low of $90.93 and a 12-month high of $438.50. The firm has a market capitalization of $399.29 billion, a P/E ratio of 60.24, a P/E/G ratio of 1.91 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion for 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 business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 earnings per share. Analysts forecast that Lam Research Corporation will post 5.68 EPS 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 given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s dividend payout ratio is currently 19.62%.

Insiders Place Their Bets

In other news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction dated 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 sale, the director owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 104,621 shares of company stock valued at $33,804,737. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of analyst reports. Seaport Research Partners began coverage on Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 target price for the company. Citigroup reissued a “buy” rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. BNP Paribas Exane upped their price objective on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, B. Riley Financial lifted their target price on Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $360.51.

Key Lam Research News

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

• Positive Sentiment: Several recent pieces argue Lam Research has strong growth and earnings-beat potential, with Zacks/Yahoo highlighting expectations for earnings to rise next week and pointing to favorable fundamentals that could support an upside surprise. Article Title
• Positive Sentiment: Wall Street sentiment remains broadly bullish, with another note saying the average brokerage recommendation favors buying Lam Research, which can help reinforce investor confidence in the name. Article Title
• Positive Sentiment: Semiconductor-sector coverage has been constructive, with articles noting renewed buying in chip stocks on AI infrastructure optimism and listing Lam Research among the names benefiting from the rebound. Article Title
• Positive Sentiment: Additional commentary frames LRCX as a solid growth stock and suggests the company’s fundamentals could support exceptional returns, adding to the bullish narrative. Article Title
• Neutral Sentiment: One article compared Lam Research with Applied Materials, but it appears to be industry analysis rather than a direct company-specific catalyst for LRCX. Article Title
• Negative Sentiment: Broader market coverage says investors have been locking in profits in technology stocks ahead of key earnings from Alphabet and Tesla, which can create short-term pressure on semiconductor shares like Lam Research. Article Title

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.