Braun Stacey Associates Inc. Sells 2,567 Shares of Lam Research Corporation $LRCX

Braun Stacey Associates Inc. trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 160,780 shares of the semiconductor company’s stock after selling 2,567 shares during the quarter. Lam Research makes up about 1.1% of Braun Stacey Associates Inc.’s portfolio, making the stock its 23rd biggest position. Braun Stacey Associates Inc.’s holdings in Lam Research were worth $34,352,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ABN AMRO Bank N.V. lifted its stake in shares of Lam Research by 4.9% during the 1st quarter. ABN AMRO Bank N.V. now owns 22,530 shares of the semiconductor company’s stock worth $4,833,000 after acquiring an additional 1,043 shares during the last quarter. Cambient Family Office LLC boosted its position in Lam Research by 28.7% in the 1st quarter. Cambient Family Office LLC now owns 4,201 shares of the semiconductor company’s stock valued at $899,000 after buying an additional 936 shares during the period. Crown Wealth Group LLC bought a new position in Lam Research in the 1st quarter worth about $218,000. Retirement Planning Group LLC NY grew its stake in Lam Research by 4.9% in the 1st quarter. Retirement Planning Group LLC NY now owns 2,223 shares of the semiconductor company’s stock worth $476,000 after acquiring an additional 103 shares in the last quarter. Finally, Stokes Capital Advisors LLC bought a new position in Lam Research in the 1st quarter worth about $283,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $450.00 price target (up from $365.00) on shares of Lam Research in a research note on Monday, June 22nd. Oppenheimer reissued an “outperform” rating and issued a $400.00 price objective (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Jefferies Financial Group increased their price objective on Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Cantor Fitzgerald set a $425.00 price objective on Lam Research and gave the stock an “overweight” rating in a report on Wednesday, June 10th. Finally, Sanford C. Bernstein lifted their target price on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.43.

Lam Research News Summary

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

• Positive Sentiment: Wells Fargo raised its price target on Lam Research to $450 from $365 and kept an Overweight rating, signaling continued confidence in the company’s growth outlook and semiconductor capital equipment demand. Wells Fargo Raises its Price Target on Lam Research (LRCX)
• Positive Sentiment: Lam Research was highlighted by Zacks as a stock to watch, citing earnings growth and price strength, which may reinforce investor optimism around the stock’s momentum. Earnings Growth & Price Strength Make Lam Research (LRCX) a Stock to Watch
• Positive Sentiment: Micron’s strong earnings and upbeat memory-chip outlook lifted chip stocks broadly, while Lam Research gained attention for opening a Boise office to get closer to Micron’s memory expansion plans, underscoring its exposure to a key growth customer. Lam Research (LRCX) Opens Boise Office To Get Closer To Micron’s Memory Expansion
• Positive Sentiment: Lam Research was among the after-hours gainers alongside other semiconductor names, reflecting broader enthusiasm for AI chip stocks and improving sentiment across the sector. Top After-Hours Gainers Today Beyond Micron: QCOM, AMAT, LRCX Surge
• Neutral Sentiment: Brokerage data showed Lam Research with an average “Moderate Buy” recommendation, which supports a constructive but not especially new fundamental outlook. Lam Research Corporation (NASDAQ:LRCX) Receives Average Recommendation of “Moderate Buy” from Brokerages
• Neutral Sentiment: A report on short interest noted no meaningful short-interest build, so it does not appear to be a major driver for the stock.

Insider Buying and Selling at Lam Research

In related news, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Neil J. Fernandes sold 7,659 shares of the firm’s 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 sale, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. The trade was a 11.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Trading Down 5.7%

NASDAQ:LRCX opened at $379.09 on Friday. The firm has a 50-day simple moving average of $313.90 and a 200-day simple moving average of $249.58. Lam Research Corporation has a one year low of $90.93 and a one year high of $409.75. The firm has a market cap of $474.08 billion, a P/E ratio of 71.53, a P/E/G ratio of 3.12 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

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

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s dividend payout ratio is currently 19.62%.

Lam Research Company 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.