Asio Capital LLC Sells 7,615 Shares of Lam Research Corporation $LRCX

Key Points

• Asio Capital reduced its Lam Research position by 29% in the second quarter, selling 7,615 shares and retaining 18,614 shares valued at approximately $8.1 million. Institutional investors collectively own 84.61% of LRCX.
• Analyst sentiment remains positive, with 26 Buy, one Strong Buy and five Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $358.47. Citigroup raised its target to $450, while Raymond James set a $425 target.
• Lam Research exceeded quarterly expectations with adjusted EPS of $1.82 versus the $1.69 consensus and revenue of $6.72 billion, up 30% year over year. The stock opened at $332.36, while insiders sold 80,441 shares worth $27.6 million over the past 90 days.

Asio Capital LLC cut its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 29.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,614 shares of the semiconductor company's stock after selling 7,615 shares during the quarter. Lam Research comprises about 1.0% of Asio Capital LLC's holdings, making the stock its 29th largest position. Asio Capital LLC's holdings in Lam Research were worth $8,066,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bayban bought a new stake in Lam Research during the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. acquired a new stake in Lam Research during the 1st quarter worth about $26,000. Cedar Mountain Advisors LLC raised its position in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 85 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Lam Research in the 4th quarter worth about $27,000. Finally, Triumph Capital Management bought a new position in shares of Lam Research in the 3rd quarter worth about $27,000. Institutional investors own 84.61% of the company's stock.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% 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. In the last 90 days, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup restated a "buy" rating and set a $450.00 target price (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. Raymond James Financial set a $425.00 target price on Lam Research in a report on Wednesday, June 10th. BNP Paribas Exane boosted their price target on Lam Research from $250.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, April 23rd. New Street Research increased their price target on Lam Research from $235.00 to $280.00 and gave the stock a "neutral" rating in a report on Monday, April 27th. Finally, Seaport Research Partners initiated coverage on shares of Lam Research in a research report on Monday, May 4th. They set a "buy" rating and a $300.00 price objective for the company. One 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $358.47.

Lam Research Price Performance

LRCX stock opened at $332.36 on Monday. The stock's 50 day simple moving average is $339.46 and its 200 day simple moving average is $283.57. The company has a market cap of $415.89 billion, a P/E ratio of 57.70, a price-to-earnings-growth ratio of 1.32 and a beta of 1.84. 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 fifty-two week low of $94.11 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.72 billion during 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%.The company's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts expect that Lam Research Corporation will post 9.32 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. Shareholders of record on Wednesday, June 17th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research's payout ratio is 18.06%.

Lam Research News Roundup

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

• Positive Sentiment: Lam Research plans to increase R&D experiment capacity by more than 50% across facilities in the United States, Asia and Europe. Management says the investment should accelerate product development and help customers address increasingly complex AI-chip architectures, materials and nanoscale manufacturing requirements. Reuters article
• Positive Sentiment: Investors are viewing Lam’s expertise in etching, including next-generation atomic-layer etching, as a potentially valuable competitive advantage as AI-driven semiconductor production requires greater manufacturing precision. The company’s recent rebound has renewed optimism that its technology could benefit from a longer-term equipment upcycle. 247WallSt article
• Positive Sentiment: SanDisk’s bullish multiyear financial targets have strengthened expectations for memory-industry capital spending through 2030, supporting demand prospects for semiconductor equipment suppliers such as Lam Research. SanDisk financial targets article
• Neutral Sentiment: Polen Capital identified LRCX as a top performer in its Focus Growth portfolio, while Zacks continues to highlight the stock’s long-term earnings outlook. These endorsements may support sentiment but do not represent new company guidance or guaranteed returns. Polen Capital article
• Negative Sentiment: The R&D expansion requires substantial spending over several years, creating execution and return-on-investment risks. Lam also trades at a relatively elevated valuation after a sharp recovery, leaving the stock vulnerable to profit-taking and concerns that the semiconductor cycle may be approaching a peak.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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