44,310 Lam Research Corporation $LRCX Shares Sold by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank reduced its Lam Research position by 41.7%, selling 44,310 shares and retaining 61,931 shares valued at approximately $20.3 million. Institutional investors and hedge funds still own 84.61% of LRCX.
• Analyst sentiment remains broadly positive: LRCX has a “Moderate Buy” consensus rating, with 27 of 32 analysts rating it Buy or Strong Buy and an average price target of $364.59.
• Lam Research shares opened at $301.11 after recent weakness, while the company reported quarterly revenue growth of 30%, beat earnings expectations, and increased its quarterly dividend to $0.33 per share.

First Citizens Bank & Trust Co. lowered its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 41.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,931 shares of the semiconductor company's stock after selling 44,310 shares during the period. First Citizens Bank & Trust Co.'s holdings in Lam Research were worth $20,345,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Polaris Financial Partners acquired a new position in shares of Lam Research in the 3rd quarter valued at approximately $4,814,000. Bank of America Corp DE grew its position in shares of Lam Research by 5.5% during the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company's stock worth $4,872,426,000 after buying an additional 584,489 shares in the last quarter. Rokos Capital Management LLP grew its position in shares of Lam Research by 42.0% during the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock worth $55,532,000 after buying an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Lam Research in the first quarter worth $59,973,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Lam Research in the first quarter worth $26,489,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Lam Research

In other news, Director Bethany Mayer sold 9,557 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the sale, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% 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. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LRCX. Berenberg Bank set a $420.00 price target on shares of Lam Research in a report on Wednesday, September 9th. Weiss Ratings lowered shares of Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. B. Riley Financial boosted their target price on shares of Lam Research from $350.00 to $390.00 and gave the stock a "buy" rating in a research report on Thursday, October 1st. Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the company an "overweight" rating in a research note on Monday, June 29th. Finally, Zacks Research raised shares of Lam Research from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. One 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $364.59.

More Lam Research News

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

• Positive Sentiment: Analysts continue to raise their outlook. Erste Group Bank lifted its FY2027 EPS estimate to $9.40 from $9.34 and its FY2028 estimate to $11.99 from $11.68. DBS Bank also raised its price target to $416, while the broader analyst median target cited by Quiver Quantitative is $387.50. DBS Bank raises Lam Research price target
• Positive Sentiment: Expectations for the coming results remain favorable. UBS reportedly expects Lam Research, Texas Instruments and Western Digital to deliver strong results and guidance. Lam’s latest quarter featured record revenue and earnings, while its current guidance points to continued year-over-year growth. UBS expects strong results and guidance
• Neutral Sentiment: Earnings are the next major catalyst. Lam Research is scheduled to report results on Wednesday, making its revenue, margins, orders and forward guidance especially important for determining whether the recent weakness is temporary. Lam Research earnings preview
• Negative Sentiment: Sector-wide profit-taking is pressuring LRCX. Applied Materials, Lam Research and KLA all declined as investors reassessed elevated AI-related valuations and reduced exposure to semiconductor-capital-equipment names ahead of industry earnings. Semiconductor equipment stocks slide
• Negative Sentiment: Momentum has weakened. Reports indicate Lam Research shares have declined for seven consecutive sessions. Recent insider activity also shows selling without reported open-market purchases, which may add to investor caution, although the broader selloff appears to be the primary driver. Why Lam Research stock is down

Lam Research Stock Down 2.7%

Shares of NASDAQ:LRCX opened at $301.11 on Wednesday. Lam Research Corporation has a 1-year low of $134.04 and a 1-year high of $438.50. The company's fifty day moving average is $310.95 and its two-hundred day moving average is $307.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The stock has a market capitalization of $376.82 billion, a price-to-earnings ratio of 52.28, a price-to-earnings-growth ratio of 1.23 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS 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 return on equity of 67.60% and a net margin of 31.27%. Lam Research's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities 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 will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. This is a positive change from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. Lam Research's dividend payout ratio is presently 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.

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