Lam Research Corporation $LRCX Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. trimmed its position in Lam Research Corporation (NASDAQ:LRCX) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 74,391 shares of the semiconductor company’s stock after selling 2,476 shares during the quarter. Lam Research comprises 0.9% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 13th largest position. Hennion & Walsh Asset Management Inc.’s holdings in Lam Research were worth $32,236,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LRCX. Legacy Wealth Management LLC MS boosted its position in Lam Research by 65.1% in the second quarter. Legacy Wealth Management LLC MS now owns 3,104 shares of the semiconductor company’s stock valued at $1,345,000 after buying an additional 1,224 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Lam Research by 1.7% during the 2nd quarter. Valeo Financial Advisors LLC now owns 10,357 shares of the semiconductor company’s stock worth $4,488,000 after buying an additional 172 shares during the last quarter. Gradient Investments LLC lifted its stake in Lam Research by 4.4% during the 2nd quarter. Gradient Investments LLC now owns 150,167 shares of the semiconductor company’s stock valued at $65,072,000 after acquiring an additional 6,371 shares during the period. Rockland Trust Co. lifted its stake in Lam Research by 3.6% during the 2nd quarter. Rockland Trust Co. now owns 3,469 shares of the semiconductor company’s stock valued at $1,503,000 after acquiring an additional 120 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Lam Research by 50.4% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,902 shares of the semiconductor company’s stock valued at $1,257,000 after acquiring an additional 973 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 that occurred 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 of the company’s stock, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LRCX shares. Evercore reiterated an “outperform” rating and issued a $355.00 price objective on shares of Lam Research in a research note on Monday, July 20th. Mizuho boosted their target price on shares of Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. Stifel Nicolaus upped their price target on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a report on Friday, July 10th. Berenberg Bank increased their price target on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, New Street Research lifted their price objective on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $358.47.

Lam Research Stock Up 1.8%

LRCX opened at $311.35 on Friday. The company has a fifty day moving average of $339.89 and a two-hundred day moving average of $279.64. The stock has a market capitalization of $389.36 billion, a price-to-earnings ratio of 54.05, a PEG ratio of 1.25 and a beta of 1.84. Lam Research Corporation has a fifty-two week low of $94.11 and a fifty-two week high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last posted its earnings results 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 for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the company posted $1.33 EPS. The company’s revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts expect that Lam Research Corporation will post 9.24 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date of this dividend was 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 presently 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.