Lam Research Corporation $LRCX Position Trimmed by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC lowered its position in Lam Research Corporation (NASDAQ:LRCX) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,399 shares of the semiconductor company’s stock after selling 2,713 shares during the quarter. Lam Research comprises about 1.4% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 15th largest position. Turtle Creek Wealth Advisors LLC’s holdings in Lam Research were worth $27,397,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its stake in shares of Lam Research by 2.6% during the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after purchasing an additional 1,545,830 shares during the period. Bank of America Corp DE grew its holdings in Lam Research by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after purchasing an additional 584,489 shares during the last quarter. Van ECK Associates Corp raised its position in Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after purchasing an additional 8,922,854 shares during the period. Invesco Ltd. raised its position in Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares during the period. Finally, Bank of New York Mellon Corp bought a new stake in Lam Research in the second quarter worth about $3,777,585,000. Institutional investors own 84.61% of the company’s stock.

Lam Research News Summary

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

• Positive Sentiment: DBS Bank raised its price target for Lam Research to $416, signaling continued confidence in the company’s long-term semiconductor-equipment demand outlook. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Twenty-four exchange-traded funds increased their Lam Research holdings on October 13, indicating continued institutional or portfolio-manager interest in the stock. 24 ETFs Add to Lam Research Holdings
• Positive Sentiment: Analysts’ consensus price target implies roughly 25.6% potential upside, while improving earnings-estimate revisions could support the shares if the company delivers strong results. Wall Street Analysts See a 25.6% Upside in Lam Research
• Neutral Sentiment: Lam Research is scheduled to report quarterly results on October 21. Investors are likely awaiting updated guidance and commentary on AI-related semiconductor spending before making larger commitments. Lam Research stock trades ahead of October 21 results
• Negative Sentiment: Semiconductor-equipment shares, including Lam Research, have sold off as investors lock in gains following a powerful year driven by AI demand. The sector-wide move is the clearest near-term reason for LRCX’s weakness. Semiconductor Equipment Stocks Slide as Investors Take Profits
• Negative Sentiment: The shares have declined for seven consecutive sessions and recently underperformed the broader market, reflecting deteriorating short-term momentum and caution ahead of earnings. Lam Research shares tumbled for seven consecutive sessions

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the sale, the director owned 20,995 shares of the company’s stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LRCX. Fundamental Research set a $390.00 target price on Lam Research in a research report on Thursday, October 1st. Rothschild & Co Redburn upped their target price on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Berenberg Bank set a $420.00 price target on Lam Research in a report on Wednesday, September 9th. B. Riley Financial raised their price target on Lam Research from $350.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, October 1st. Finally, UBS Group dropped their price objective on Lam Research from $435.00 to $425.00 and set a “buy” rating for the company in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $364.59.

Lam Research Trading Down 4.7%

Shares of NASDAQ:LRCX traded down $13.54 during trading on Thursday, reaching $273.38. 7,353,957 shares of the company were exchanged, compared to its average volume of 10,640,310. The business’s fifty day simple moving average is $310.54 and its 200-day simple moving average is $307.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The firm has a market capitalization of $342.11 billion, a PE ratio of 47.45, a P/E/G ratio of 1.19 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data 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. The company had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. Lam Research’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts anticipate that Lam Research Corporation will post 9.34 EPS for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were paid a dividend of $0.33 per share. This is an increase from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, September 23rd. Lam Research’s payout ratio is 22.92%.

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.