Kwmg LLC Sells 2,540 Shares of Lam Research Corporation $LRCX

Kwmg LLC decreased its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,644 shares of the semiconductor company’s stock after selling 2,540 shares during the period. Lam Research makes up 2.2% of Kwmg LLC’s investment portfolio, making the stock its 12th largest holding. Kwmg LLC’s holdings in Lam Research were worth $30,179,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. Fideuram Asset Management Ireland dac bought a new stake in shares of Lam Research in the 4th quarter worth approximately $10,035,000. Generali Investments Management Co LLC lifted its stake in shares of 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 worth $6,209,000 after buying an additional 13,878 shares in the last quarter. Rokos Capital Management LLP grew its holdings in shares of Lam Research by 42.0% during the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock valued at $55,532,000 after buying 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 1st quarter worth approximately $59,973,000. Finally, Krilogy Financial LLC boosted its stake in Lam Research by 19.5% during the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after purchasing an additional 4,584 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Mizuho lifted their price objective on Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. The Goldman Sachs Group reissued a “buy” rating and issued a $290.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $320.00 price target on shares of Lam Research in a report on Thursday, July 30th. Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, Rothschild & Co Redburn increased their target price on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $358.47.

Lam Research Trading Up 1.8%

LRCX stock opened at $311.35 on Friday. 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 Corporation has a twelve month low of $94.11 and a twelve month high of $438.50. The stock has a market capitalization of $389.36 billion, a price-to-earnings ratio of 54.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. The firm’s fifty day simple moving average is $339.89 and its two-hundred day simple moving average is $279.64.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts anticipate that Lam Research Corporation will post 9.24 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a $0.26 dividend. 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 (DPR) is currently 18.06%.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This represents 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. Over the last three months, insiders have sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is currently owned by company insiders.

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.