Lam Research Corporation $LRCX Stock: Lmcg Investments LLC Cuts Position

Lmcg Investments LLC trimmed its stake in Lam Research Corporation (NASDAQ:LRCX) by 12.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,068 shares of the semiconductor company’s stock after selling 4,819 shares during the period. Lmcg Investments LLC’s holdings in Lam Research were worth $11,192,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in LRCX. Van ECK Associates Corp boosted its position in Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock valued at $4,805,368,000 after purchasing an additional 8,922,854 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Lam Research in the second quarter worth about $3,777,585,000. Jennison Associates LLC raised its holdings in Lam Research by 296.9% in the first quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company’s stock worth $720,740,000 after purchasing an additional 2,523,351 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Lam Research by 1,994.3% in the first quarter. Assenagon Asset Management S.A. now owns 2,116,233 shares of the semiconductor company’s stock worth $452,154,000 after purchasing an additional 2,015,188 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of Lam Research by 50.6% during the first quarter. California Public Employees Retirement System now owns 5,870,899 shares of the semiconductor company’s stock valued at $1,254,376,000 after buying an additional 1,972,277 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research News Summary

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

• Positive Sentiment: Lam Research reported fiscal first-quarter 2027 adjusted earnings of $2.20 per share, above consensus estimates of approximately $2.17–$2.18 and up from $1.26 a year earlier. Lam Research Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Quarterly revenue reached $8.22 billion, exceeding the $8.14 billion analyst forecast, while the company reported a 31.27% net margin and 67.60% return on equity. Lam Research Earnings Report
• Neutral Sentiment: The results confirm continued demand for Lam’s semiconductor-manufacturing equipment, but the modest size of the earnings and revenue beats appears insufficient to justify the stock’s substantial prior rally or satisfy investors seeking stronger forward momentum. Lam Research Reports Financial Results
• Negative Sentiment: Post-earnings trading turned lower despite the beat, suggesting investors may have been looking for more positive guidance or evidence that AI-related equipment demand is accelerating. Why Lam Research Stock Slides After Hours
• Negative Sentiment: Chip-equipment sentiment was already weak before the report, with investors reducing risk after a roughly 53% year-to-date rally. Evercore also cut its price target ahead of earnings, adding pressure to the shares. Lam Research Stocks Fall as Evercore Cuts Target
• Negative Sentiment: Recent insider activity shows sales without reported purchases, including transactions by senior executives. While such sales may be scheduled or diversification-related, they can reinforce investor caution at a richly valued stock. Lam Research Insider Trading and Sector Analysis

Insiders Place Their Bets

In other news, insider Ava Harter sold 5,000 shares of the business’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 sale, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

LRCX opened at $260.81 on Thursday. The company has a market cap of $326.38 billion, a P/E ratio of 45.28, a price-to-earnings-growth ratio of 0.96 and a beta of 1.85. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The firm’s 50-day moving average price is $306.08 and its 200-day moving average price is $309.80. Lam Research Corporation has a 52-week low of $135.50 and a 52-week high of $438.50.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. The company had revenue of $8.22 billion during the quarter, compared to analysts’ expectations of $8.14 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research’s revenue for the quarter was up 54.4% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 9.35 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio (DPR) is currently 22.92%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LRCX. TD Cowen restated a “buy” rating and issued a $400.00 price target (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and issued a $385.00 price objective (up from $367.00) on shares of Lam Research in a research report on Monday, October 5th. Stifel Nicolaus boosted their price objective on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Fundamental Research set a $390.00 target price on shares of Lam Research in a research report on Thursday, October 1st. Finally, Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $365.07.

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.