Lam Research Corporation $LRCX Shares Sold by Versant Capital Management Inc

Versant Capital Management Inc cut its position in Lam Research Corporation (NASDAQ:LRCX) by 19.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,981 shares of the semiconductor company’s stock after selling 1,711 shares during the period. Versant Capital Management Inc’s holdings in Lam Research were worth $3,025,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of LRCX. Hilltop National Bank grew its stake in shares of Lam Research by 47.7% during the second quarter. Hilltop National Bank now owns 536 shares of the semiconductor company’s stock worth $232,000 after purchasing an additional 173 shares in the last quarter. First County Bank CT increased its holdings in Lam Research by 1.7% in the second quarter. First County Bank CT now owns 2,483 shares of the semiconductor company’s stock valued at $1,076,000 after buying an additional 42 shares during the last quarter. Adelphi Trust Co acquired a new stake in Lam Research in the second quarter valued at $632,000. VectorGlobal IAG Inc. acquired a new stake in Lam Research in the first quarter valued at $1,097,000. Finally, Sapient Capital LLC raised its stake in Lam Research by 154.9% in the first quarter. Sapient Capital LLC now owns 6,586 shares of the semiconductor company’s stock valued at $1,413,000 after buying an additional 4,002 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’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 transaction of $6,124,470.00. Following the completion of the sale, the director owned 87,142 shares in the company, valued at $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This represents a 11.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 valued at $27,614,296. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $294.61 on Tuesday. The stock’s 50-day moving average is $340.60 and its two-hundred day moving average is $277.43. 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 Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The firm has a market cap of $368.43 billion, a price-to-earnings ratio of 51.15, a PEG ratio of 1.22 and a beta of 1.84.

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 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 firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the business posted $1.33 EPS. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts predict that Lam Research Corporation will post 8.9 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is 18.06%.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Lam Research was added to Zacks’ Rank #1 (Strong Buy) list and its list of top momentum stocks for August 3. These ratings may attract additional buying interest by highlighting improving earnings and price momentum. Best Momentum Stocks to Buy for August 3rd
• Positive Sentiment: Recent coverage emphasized Lam Research’s record fiscal-year performance, including record June-quarter revenue, operating margin and earnings per share. The company’s latest results also exceeded consensus expectations, with revenue growth of 30% year over year and stronger-than-expected earnings, reinforcing the semiconductor-equipment maker’s growth outlook. What a $10,000 Investment in Lam Research 10 Years Ago Would Be Worth Today
• Positive Sentiment: Analyst coverage remains broadly bullish, with Needham reiterating its Buy rating and other analysts identifying LRCX among attractive technology stocks. This supports the view that demand for semiconductor manufacturing equipment remains durable. Lam Research’s Buy Rating Reiterated at Needham
• Neutral Sentiment: Semiconductor-sector coverage noted that some air has come out of the chip-stock rally. Although the article focused on a bearish leveraged ETF rather than LRCX, it signals elevated volatility and the possibility of further rotations within semiconductor stocks. Semiconductor Outlook Bodes Well for This ETF
• Negative Sentiment: B. Riley Financial cut its Lam Research price target to $350, while a separate report cited trading weakness following an analyst downgrade. The actions could weigh on sentiment, particularly given LRCX’s elevated valuation despite its strong growth. B. Riley Cuts Lam Research Price Target

Analyst Ratings Changes

Several research firms have recently issued reports on LRCX. Weiss Ratings raised Lam Research from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Royal Bank Of Canada raised their target price on Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. HSBC restated a “hold” rating and set a $333.00 target price on shares of Lam Research in a research note on Monday, July 27th. UBS Group reaffirmed a “buy” rating and issued a $375.00 price target (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Finally, New Street Research increased their price target on shares of Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $358.47.

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.