SVB Wealth LLC Sells 6,059 Shares of Lam Research Corporation $LRCX

SVB Wealth LLC lowered its stake in Lam Research Corporation (NASDAQ:LRCX) by 20.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,695 shares of the semiconductor company’s stock after selling 6,059 shares during the period. SVB Wealth LLC’s holdings in Lam Research were worth $10,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bayban acquired a new position in Lam Research during the 4th quarter worth $26,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research in the 1st quarter valued at $26,000. Cedar Mountain Advisors LLC increased its stake in shares of Lam Research by 242.9% in 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 period. Paladin Partners LLC bought a new stake in shares of Lam Research during the second quarter worth $26,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Lam Research during the fourth quarter worth $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on 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 sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Talwalkar sold 18,282 shares of Lam Research stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 77,782 shares of company stock worth $26,755,370 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LRCX. Needham & Company LLC reaffirmed a “buy” rating and set a $390.00 price target on shares of Lam Research in a research note on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and set a $400.00 price objective (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. Bank of America upped their target price on shares of Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Rothschild & Co Redburn raised their target price on shares of Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $320.00 target price on shares of Lam Research in a research note on Thursday, July 30th. 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $361.81.

Lam Research Stock Up 4.2%

NASDAQ:LRCX opened at $320.42 on Wednesday. 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 12-month low of $104.46 and a 12-month high of $438.50. The stock’s fifty day simple moving average is $317.01 and its 200-day simple moving average is $292.86. The firm has a market capitalization of $400.95 billion, a P/E ratio of 55.63, a P/E/G ratio of 1.22 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The firm’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. Equities research analysts expect that Lam Research Corporation will post 9.33 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be paid a $0.33 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 22.92%.

Trending Headlines about Lam Research

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

• Positive Sentiment: AI and memory demand support the outlook. Spending on AI chips, high-bandwidth memory and advanced DRAM is increasing demand for semiconductor-manufacturing equipment. Higher earnings estimates have reinforced expectations for Lam Research’s future growth. Why Is Lam Research Corp LRCX Stock Suddenly Gaining Momentum?
• Positive Sentiment: Strong operating results remain a catalyst. Lam Research recently exceeded quarterly EPS and revenue estimates, with revenue up 30% year over year. The company’s guidance and anticipated earnings growth continue to support the bullish long-term case. 3 Reasons We’re Fans of Lam Research
• Positive Sentiment: Analyst sentiment is supportive. Brokerages have assigned Lam Research a consensus “Moderate Buy” rating, while investment commentary continues to identify LRCX as a potentially market-beating long-term semiconductor stock. Lam Research Receives Consensus Rating of Moderate Buy
• Neutral Sentiment: Relative performance is drawing attention. LRCX has substantially outperformed many technology and computer-equipment peers, gaining about 45.5% over six months and nearly tripling over the past year. Upcoming management presentations could provide additional information on customer spending trends. Is Lam Research Outpacing Its Computer and Technology Peers This Year?
• Neutral Sentiment: Technical signals are mixed. Momentum indicators were described as mixed, with MACD and RSI neutral but Williams %R signaling buying interest. A separate report discusses LRCX in the context of portfolio rotation and market timing rather than a fundamental company development. How Lam Research Affects Rotational Strategy Timing
• Negative Sentiment: Valuation raises risk after the rally. With LRCX trading near its upper historical range and at an elevated earnings multiple, additional upside may depend on continued earnings growth and sustained AI-related spending. Any slowdown in customer capital expenditures could trigger profit-taking. Lam Research Nearly Triples in a Year: Is the Stock Still Worth Buying?

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.