Lam Research Corporation $LRCX Shares Sold by CCM Investment Advisers LLC

CCM Investment Advisers LLC lessened its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 42,198 shares of the semiconductor company’s stock after selling 1,722 shares during the quarter. CCM Investment Advisers LLC’s holdings in Lam Research were worth $9,016,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Western Wealth Management LLC grew its position in shares of Lam Research by 241.8% in the first quarter. Western Wealth Management LLC now owns 10,091 shares of the semiconductor company’s stock valued at $2,156,000 after purchasing an additional 7,139 shares during the period. Silicon Valley Capital Partners increased its stake in Lam Research by 426.0% in the first quarter. Silicon Valley Capital Partners now owns 1,294 shares of the semiconductor company’s stock valued at $276,000 after purchasing an additional 1,048 shares during the last quarter. Paragon Private Wealth Management LLC lifted its position in Lam Research by 8.5% during the first quarter. Paragon Private Wealth Management LLC now owns 2,684 shares of the semiconductor company’s stock worth $573,000 after buying an additional 210 shares during the period. Anson Funds Management LP purchased a new position in Lam Research during the first quarter worth about $4,220,000. Finally, Janus Henderson Group PLC boosted its stake in Lam Research by 2.0% in the 1st quarter. Janus Henderson Group PLC now owns 9,265,026 shares of the semiconductor company’s stock worth $1,975,244,000 after buying an additional 181,087 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of LRCX stock opened at $297.99 on Friday. The firm has a fifty day simple moving average of $341.06 and a 200-day simple moving average of $276.36. The company has a market capitalization of $372.66 billion, a PE ratio of 51.73, a price-to-earnings-growth ratio of 1.50 and a beta of 1.80. Lam Research Corporation has a twelve month low of $90.93 and a twelve month high of $438.50. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last released its quarterly 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 71.15%. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The firm’s quarterly 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 anticipate that Lam Research Corporation will post 7.92 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s payout ratio is 19.62%.

Lam Research News Roundup

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

• Positive Sentiment: Lam Research reported record quarterly revenue of $6.72 billion, up 30% year over year, while adjusted earnings of $1.82 per share exceeded the $1.69 consensus estimate. Strong NAND demand and record Customer Support revenue were key contributors. Reuters: Chip equipment maker Lam Research forecasts strong revenue on AI boom
• Positive Sentiment: The company guided for fiscal first-quarter 2027 revenue of approximately $7.7 billion to $8.5 billion and EPS of $2.00 to $2.30, well above analyst expectations of roughly $7.0 billion in revenue and $1.81 EPS. The forecast suggests momentum is carrying into 2027. Seeking Alpha: Lam Research pops up after Q4 revenue jumps 30%; outlook smashes estimates
• Positive Sentiment: Management cited accelerating AI-related demand across memory, advanced packaging and wafer-fabrication equipment. Analysts characterized the company as having an “extraordinary runway” into 2027, and Needham raised its EPS estimates while reaffirming a Buy rating and $390 price target. Benzinga: Needham raises Lam Research EPS estimates
• Neutral Sentiment: Morgan Stanley lowered its target to $367 from $404 but maintained an Overweight rating; B. Riley also reduced its target to $350 while retaining a Buy rating. The cuts may reflect valuation or risk-management concerns rather than a deterioration in the earnings outlook.
• Negative Sentiment: Recent insider activity shows executives have been sellers, with no reported open-market purchases in the past six months. Broader risks include semiconductor cyclicality, China-related equipment restrictions and elevated valuation after the rally.

Wall Street Analyst Weigh In

Several analysts have commented on LRCX shares. New Street Research lifted their price target on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. UBS Group reiterated a “buy” rating and set a $375.00 price objective (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Royal Bank Of Canada raised their target price on shares of Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the company an “overweight” rating in a report on Monday, June 29th. Finally, TD Cowen reaffirmed a “buy” rating and set a $400.00 price target (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.47.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their position. The transaction was disclosed in a document filed 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, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 currently 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.