Resources Management Corp CT ADV Sells 2,018 Shares of Lam Research Corporation $LRCX

Resources Management Corp CT ADV lessened its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 7.3% during the first quarter, Holdings Channel.com reports. The firm owned 25,634 shares of the semiconductor company’s stock after selling 2,018 shares during the quarter. Resources Management Corp CT ADV’s holdings in Lam Research were worth $5,477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Riposte Capital LLC bought a new position in Lam Research during the 1st quarter worth $11,751,000. Rokos Capital Management LLP increased its stake in shares of 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 buying an additional 76,840 shares during the period. Emmett Investment Management LP increased its stake in shares of Lam Research by 3.9% in the first quarter. Emmett Investment Management LP now owns 24,460 shares of the semiconductor company’s stock valued at $5,430,000 after buying an additional 910 shares during the period. KCM Investment Advisors LLC raised its position in shares of Lam Research by 7.2% during the first quarter. KCM Investment Advisors LLC now owns 12,723 shares of the semiconductor company’s stock worth $2,718,000 after acquiring an additional 859 shares during the last quarter. Finally, Excelsior Advisor Network LLC raised its position in shares of Lam Research by 3.0% during the first quarter. Excelsior Advisor Network LLC now owns 3,916 shares of the semiconductor company’s stock worth $837,000 after acquiring an additional 113 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction 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 completion of the sale, the director directly owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 the company’s 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 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 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 98,611 shares of company stock worth $32,250,190 in the last quarter. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the topic of several analyst reports. HSBC reiterated a “hold” rating and issued a $333.00 target price on shares of Lam Research in a report on Monday. Wall Street Zen downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Bank of America increased their price objective on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Rothschild & Co Redburn lifted their target price on shares of Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $290.00 target price on shares of Lam Research in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $363.37.

Trending Headlines about Lam Research

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

• Positive Sentiment: AI data-center construction and increased memory spending are supporting demand for Lam Research’s wafer-fabrication equipment. The company’s prior quarter included $5.84 billion in revenue and record non-GAAP EPS of $1.47, which exceeded estimates by 8.1%. Lam Research Rose on AI Data Center and Memory Spending
• Positive Sentiment: Analysts and market commentary remain constructive on semiconductor capital spending, with AI-related investment and memory demand viewed as important growth drivers for Lam Research heading into earnings. Lam Research to Report Q4 Results Amid Robust AI-Driven Semiconductor Spending
• Neutral Sentiment: Lam Research is scheduled to report fiscal fourth-quarter results after the market closes on July 29. Investors will likely watch revenue, earnings, memory-equipment demand and management’s outlook for continued AI-related spending. Earnings To Watch: Lam Research Reports Q2 Results Tomorrow
• Negative Sentiment: Chip stocks were among the market’s weakest performers during the latest session, placing pressure on Lam Research despite its favorable industry outlook. The upcoming earnings release also creates near-term volatility and disappointment risk, particularly after a strong AI-led rally. Most Stocks Are Higher Despite the S&P 500’s Reversal

Lam Research Price Performance

Shares of LRCX opened at $269.61 on Wednesday. The firm has a market cap of $337.17 billion, a PE ratio of 50.87, a price-to-earnings-growth ratio of 1.73 and a beta of 1.80. Lam Research Corporation has a 52-week low of $90.93 and a 52-week high of $438.50. The business’s 50 day moving average price is $341.94 and its two-hundred day moving average price is $275.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, June 17th. Lam Research’s payout ratio is presently 19.62%.

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.