Lam Research Corporation $LRCX Shares Sold by Professional Advisory Services Inc.

Professional Advisory Services Inc. lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 36.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,102 shares of the semiconductor company’s stock after selling 17,968 shares during the period. Lam Research comprises 1.6% of Professional Advisory Services Inc.’s portfolio, making the stock its 29th largest position. Professional Advisory Services Inc.’s holdings in Lam Research were worth $13,477,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LRCX. Cedar Mountain Advisors LLC grew its position in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in Lam Research in the first quarter worth about $26,000. Bayban acquired a new position in Lam Research in the fourth quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. acquired a new position in Lam Research in the fourth quarter valued at approximately $27,000. Finally, Core Wealth Advisors LLC bought a new position in shares of Lam Research during the fourth quarter valued at approximately $29,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 1.8%

Shares of NASDAQ LRCX opened at $311.35 on Friday. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50. The company has a market cap of $389.36 billion, a price-to-earnings ratio of 54.05, a P/E/G ratio of 1.22 and a beta of 1.84. 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 business has a fifty day simple moving average of $339.89 and a 200-day simple moving average of $279.64.

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

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s payout ratio is currently 18.06%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on LRCX shares. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the stock an “overweight” rating in a report on Monday, June 29th. BNP Paribas Exane increased their target price on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price target on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Susquehanna reaffirmed a “positive” rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Finally, Zacks Research raised shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $358.47.

Insider Activity at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction on 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 transaction, the director owned 87,142 shares in the company, valued at $29,192,570. This represents a 17.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This represents a 11.58% 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 quarter, insiders sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is owned by corporate insiders.

About Lam Research

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.