348,799 Lam Research Corporation $LRCX Shares Sold by Artemis Investment Management LLP

Key Points

• Artemis Investment Management LLP reduced its Lam Research position by 54.1% in the third quarter, selling 348,799 shares and retaining 296,062 shares valued at approximately $97.3 million. Institutional investors and hedge funds collectively own 84.61% of LRCX.
• Lam Research reported quarterly EPS of $1.82, exceeding estimates by $0.13, while revenue rose 30% year over year to $6.72 billion. The company also raised its quarterly dividend from $0.26 to $0.33 per share.
• Analysts maintain a “Moderate Buy” consensus with a $364.59 price target, citing demand from AI chips, advanced packaging and high-bandwidth memory; however, Lam’s premium valuation remains a key risk.

Artemis Investment Management LLP cut its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 54.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 296,062 shares of the semiconductor company's stock after selling 348,799 shares during the quarter. Artemis Investment Management LLP's holdings in Lam Research were worth $97,259,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Titleist Asset Management LLC grew its holdings in Lam Research by 20.7% in the 3rd quarter. Titleist Asset Management LLC now owns 1,296 shares of the semiconductor company's stock worth $426,000 after buying an additional 222 shares in the last quarter. Apella Capital LLC raised its stake in Lam Research by 41.4% during the 3rd quarter. Apella Capital LLC now owns 5,575 shares of the semiconductor company's stock valued at $1,837,000 after acquiring an additional 1,632 shares in the last quarter. Everhart Financial Group Inc. raised its stake in Lam Research by 0.9% during the 3rd quarter. Everhart Financial Group Inc. now owns 11,633 shares of the semiconductor company's stock valued at $3,822,000 after acquiring an additional 105 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its position in Lam Research by 0.3% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 46,029 shares of the semiconductor company's stock worth $15,121,000 after acquiring an additional 123 shares during the period. Finally, Valeo Financial Advisors LLC grew its stake in shares of Lam Research by 8.1% in the third quarter. Valeo Financial Advisors LLC now owns 11,195 shares of the semiconductor company's stock worth $3,678,000 after purchasing an additional 838 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

NASDAQ:LRCX traded down $9.99 during mid-day trading on Thursday, reaching $319.52. 3,292,500 shares of the stock were exchanged, compared to its average volume of 10,695,956. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The business has a fifty day moving average price of $310.02 and a 200 day moving average price of $305.12. Lam Research Corporation has a 1-year low of $131.02 and a 1-year high of $438.50. The firm has a market capitalization of $399.86 billion, a PE ratio of 55.32, a PEG ratio of 1.32 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research's revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts expect that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a yield of 0.4%. Lam Research's payout ratio is 22.92%.

Insider Buying and Selling

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction that occurred on 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 transaction, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the company's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the transaction, the insider directly owned 42,462 shares in the company, valued at $12,843,056.52. This represents a 10.53% decrease in their position. 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 ninety days, insiders sold 32,839 shares of company stock worth $10,644,740. Corporate insiders own 0.31% of the company's stock.

Analyst Ratings Changes

LRCX has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Lam Research from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Weiss Ratings cut shares of Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 4th. Rothschild & Co Redburn boosted their price target on shares of Lam Research from $305.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, June 17th. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a report on Wednesday, June 10th. Finally, Berenberg Bank set a $420.00 price objective on shares of Lam Research in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $364.59.

Key Lam Research News

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

• Positive Sentiment: Lam Research is benefiting from continued investment in AI chips, advanced packaging and high-bandwidth memory (HBM), which is increasing demand for the company’s wafer-fabrication equipment. The stock is reportedly up about 73% this year and ranks highly among stocks with strong return on equity. Is Lam Research a Smart AI Stock Pick for Long-Term Investors?
• Positive Sentiment: Recent analysis continues to highlight Lam’s earnings growth, improving margins and consistent profitability. Its latest reported quarter exceeded consensus expectations, with revenue rising 30% year over year and EPS surpassing estimates, reinforcing the bullish fundamental case.
• Positive Sentiment: Zacks included Lam Research among chip stocks with dependable earnings that could benefit from the AI boom, alongside NVIDIA, Applied Materials and TSMC. This keeps LRCX prominent among investors seeking semiconductor exposure. 4 Top Chip Stocks With Dependable Earnings to Ride the AI Boom
• Neutral Sentiment: Lam Research is one of the most-watched stocks on Zacks, but the “trending stock” coverage reflects investor interest rather than a new company announcement or earnings catalyst. Lam Research Is a Trending Stock
• Negative Sentiment: Valuation remains the main risk. Analysts note that Lam trades at a premium to KLA relative to trailing free cash flow, so continued gains may require sustained AI-driven growth and execution. A modest premarket decline in Europe also points to some near-term caution. Lam Research vs. KLA
• Neutral Sentiment: One article references an abdominoplasty clinical trial while attributing it to Lam Research, which appears unrelated to the semiconductor-equipment company and should not be treated as relevant investment news.

About Lam Research

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.

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