CoreCap Advisors LLC Cuts Stock Holdings in Lam Research Corporation $LRCX

CoreCap Advisors LLC reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,680 shares of the semiconductor company’s stock after selling 2,187 shares during the period. CoreCap Advisors LLC’s holdings in Lam Research were worth $8,095,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Fideuram Asset Management Ireland dac purchased a new stake in Lam Research during the fourth quarter worth approximately $10,035,000. Generali Investments Management Co LLC boosted its holdings in Lam Research by 62.0% in the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after purchasing an additional 13,878 shares in the last quarter. Rokos Capital Management LLP increased its stake in Lam Research by 42.0% in the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock valued at $55,532,000 after purchasing an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Lam Research in the first quarter valued at approximately $59,973,000. Finally, Krilogy Financial LLC raised its holdings in Lam Research by 19.5% during the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock worth $6,006,000 after purchasing an additional 4,584 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lam Research

In other news, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction on 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 sale, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their position. The transaction 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, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% 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. In the last three months, insiders have sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is owned by company insiders.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Lam Research’s June-quarter results exceeded expectations, with revenue of $6.72 billion, earnings of $1.82 per share and year-over-year revenue growth of 30%. Management’s September-quarter outlook—approximately $8.1 billion in revenue, about 52% gross margin and 39.5% operating margin—suggests accelerating demand for wafer-fabrication equipment. Lam Research Climbs as Strong Earnings and AI-Driven Chip Spending Optimism Support Shares
• Positive Sentiment: Investors are reassessing the outlook for AI-related chip manufacturing as cloud providers expand data-center capacity. A Bank of America forecast calling for $1.18 trillion in cloud spending could support additional processor and memory production, benefiting equipment suppliers such as LRCX. BofA’s $1.18T cloud forecast puts 3 chip stocks in focus
• Positive Sentiment: Lam Research has received favorable investor and analyst commentary, including Zacks’ Rank #1 Strong Buy and inclusion among efficient growth stocks. Recent analyst targets have generally remained above the current trading level, with a reported median target of $375. Buy These 5 Top-Ranked Efficient Stocks With Strong Growth Potential
• Neutral Sentiment: The semiconductor sector’s broad rebound and renewed enthusiasm for the AI trade are supporting equipment stocks, but sector-wide rallies can also increase volatility and valuation risk.
• Negative Sentiment: Despite record results and strong AI demand, LRCX has fallen about 16% over the past month, indicating that investors remain concerned about its elevated valuation and the sustainability of rapid growth. Lam Research Plunges 16% in a Month: Should You Still Buy the Stock?
• Negative Sentiment: Reported insider activity is a cautionary signal: executives made numerous open-market sales and no purchases during the past six months. Institutional positioning was mixed, with some large investors adding shares while others reduced exposure.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research analyst reports. Berenberg Bank upped their target price on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. BNP Paribas Exane boosted their price target on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Citigroup restated a “buy” rating and issued a $450.00 price objective (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Finally, Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. One research 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $358.47.

Lam Research Stock Performance

Shares of LRCX stock opened at $317.74 on Wednesday. The stock has a market capitalization of $397.36 billion, a PE ratio of 55.16, a price-to-earnings-growth ratio of 1.19 and a beta of 1.84. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50. The stock’s 50-day moving average price is $340.50 and its 200 day moving average price is $278.20. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the firm earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 9.13 EPS for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a $0.26 dividend. 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 18.06%.

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.