Lam Research Corporation $LRCX Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 10.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,637 shares of the semiconductor company’s stock after selling 5,528 shares during the period. Sterling Capital Management LLC’s holdings in Lam Research were worth $15,649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of LRCX. Kennebec Savings Bank boosted its stake in shares of Lam Research by 646.9% during the 3rd quarter. Kennebec Savings Bank now owns 956 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 828 shares during the period. Washington Trust Advisors Inc. grew its holdings in Lam Research by 16.8% during the 3rd quarter. Washington Trust Advisors Inc. now owns 759 shares of the semiconductor company’s stock valued at $249,000 after purchasing an additional 109 shares during the last quarter. XXI Wealth LLC raised its position in Lam Research by 8.1% in the 3rd quarter. XXI Wealth LLC now owns 5,134 shares of the semiconductor company’s stock worth $1,687,000 after purchasing an additional 385 shares during the period. Yousif Capital Management LLC raised its position in Lam Research by 1.0% in the 3rd quarter. Yousif Capital Management LLC now owns 124,993 shares of the semiconductor company’s stock worth $41,061,000 after purchasing an additional 1,290 shares during the period. Finally, BIP Wealth LLC lifted its stake in Lam Research by 5.6% in the third quarter. BIP Wealth LLC now owns 5,292 shares of the semiconductor company’s stock worth $1,738,000 after purchasing an additional 282 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Down 0.0%

Shares of NASDAQ:LRCX traded down $0.05 during trading on Friday, reaching $230.10. 12,190,366 shares of the company were exchanged, compared to its average volume of 9,494,070. The firm has a market capitalization of $287.95 billion, a PE ratio of 34.29, a P/E/G ratio of 0.83 and a beta of 1.85. The business’s fifty day simple moving average is $301.90 and its 200-day simple moving average is $309.32. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.91.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.02. The firm had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The company’s revenue was up 54.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 earnings per share. On average, research analysts anticipate that Lam Research Corporation will post 9.48 EPS for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.6%. The ex-dividend date was Wednesday, September 23rd. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio (DPR) is 22.92%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent analyst reports. Stifel Nicolaus boosted their target price on Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Evercore set a $315.00 price target on Lam Research in a research note on Tuesday. Morgan Stanley set a $339.00 price objective on Lam Research and gave the company an “overweight” rating in a report on Thursday. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Twenty-six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $354.55.

Key Lam Research News

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

• Positive Sentiment: Record results and strong profitability: Fiscal first-quarter revenue rose 54.4% year over year to $8.22 billion, exceeding estimates, while adjusted EPS of $2.20 also beat forecasts. Operating margin topped 40% for the first time, supported by strong systems sales, memory demand and record foundry revenue. Lam Research Q1 Earnings Beat on Systems Sales and Margin Gains
• Positive Sentiment: Long-term AI and memory demand remains supportive: Lam expects wafer-fabrication-equipment spending to exceed $200 billion in 2027, driven by AI infrastructure, memory upgrades and advanced manufacturing. Customer Support revenue is expected to grow more than 30%, while Aether dry-resist revenue is projected to reach $2.5 billion cumulatively. LRCX Q1 Earnings Call Highlights
• Positive Sentiment: Some analysts remain bullish: Mizuho reiterated an Outperform rating and recommended buying the pullback, while Bank of America maintained a Buy rating. Erste Group also modestly increased its FY2027 and FY2028 EPS estimates. Mizuho recommends buying the pullback
• Neutral Sentiment: Guidance was broadly in line but leaves limited room for disappointment: Fiscal second-quarter revenue guidance of $8.2 billion-$9.0 billion and EPS guidance of $2.18-$2.48 bracket consensus estimates of $8.5 billion and $2.30, respectively. Mizuho trimmed its price target to $360 from $365, signaling continued upside but greater near-term caution.
• Negative Sentiment: Supply bottlenecks are limiting shipments: Component shortages and cleanroom capacity constraints could restrict equipment deliveries through 2027, preventing Lam from fully converting strong demand into revenue. Lam Research says supply bottlenecks are holding back revenue
• Negative Sentiment: China exposure and sector pressure are weighing on sentiment: China’s revenue contribution is expected to decline substantially from 35% in the September quarter. Citi warned of additional downside for Lam and peers, while a broad AI-chip sell-off amplified concerns about valuations and spending.

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the sale, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the sale, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.31% of the company’s stock.

About Lam Research

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.