Assenagon Asset Management S.A. Decreases Holdings in Lam Research Corporation $LRCX

Key Points

• Assenagon Asset Management cut its Lam Research stake by 75.5% in the second quarter, selling 1.6 million shares and retaining 519,230 shares valued at approximately $225 million.
• Other institutions increased or initiated positions, and institutional investors collectively own 84.61% of LRCX.
• Lam Research reported stronger-than-expected quarterly earnings and revenue, supported by AI-related semiconductor demand, but the stock’s elevated valuation and recent insider selling may limit further upside.

Assenagon Asset Management S.A. reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 75.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 519,230 shares of the semiconductor company's stock after selling 1,597,003 shares during the period. Assenagon Asset Management S.A.'s holdings in Lam Research were worth $224,998,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Apella Capital LLC raised its holdings in Lam Research by 17.7% during the second quarter. Apella Capital LLC now owns 3,943 shares of the semiconductor company's stock worth $1,709,000 after purchasing an additional 593 shares during the last quarter. St. Louis Financial Planners Asset Management LLC acquired a new stake in Lam Research in the second quarter valued at $5,359,000. 55 North Private Wealth LLC grew its holdings in Lam Research by 10.2% in the second quarter. 55 North Private Wealth LLC now owns 2,363 shares of the semiconductor company's stock valued at $1,024,000 after purchasing an additional 219 shares during the last quarter. Clark Asset Management LLC increased its position in shares of Lam Research by 9.8% in the second quarter. Clark Asset Management LLC now owns 1,122 shares of the semiconductor company's stock valued at $486,000 after buying an additional 100 shares in the last quarter. Finally, Emprise Bank purchased a new position in shares of Lam Research in the second quarter valued at $386,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research News Summary

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

• Positive Sentiment: Strong earnings and guidance support the AI equipment outlook. Lam Research reported quarterly EPS of $1.82, ahead of the approximately $1.69–$1.70 analyst estimate, while revenue reached $6.72 billion. Management’s next-quarter outlook, centered around roughly $2.15 EPS, was also well above the Street’s $1.84 expectation. Lam Research Soars After Earnings
• Positive Sentiment: The semiconductor equipment cycle may have further room to run. Lam’s order trends and earnings commentary suggest the AI chipmaking supercycle remains intact. Higher capital-spending plans from Taiwan Semiconductor and an optimistic outlook from Intel could support demand for wafer-fabrication equipment, with advanced packaging and testing identified as particularly attractive growth areas. Lam Research’s Latest Earnings Report
• Positive Sentiment: Broader AI infrastructure investment could create additional industry demand. Tesla’s planned $16.8 billion chip and AI-computing complex could benefit semiconductor manufacturers and equipment suppliers over time, although the article does not identify a direct Lam Research contract. Tesla’s Chip Bet
• Neutral Sentiment: Recent stock screens and growth-at-a-reasonable-price commentary continue to feature LRCX, while comparisons with Accenture emphasize Lam’s relatively steady revenue growth. These mentions may improve visibility but do not represent new company-specific catalysts. Accenture vs. Lam Research
• Negative Sentiment: Valuation is limiting enthusiasm. Following the earnings-related rebound, commentary noted that LRCX trades at the upper end of its historical forward-earnings range. Analysts also have conflicting views, increasing the potential for profit-taking after the recent rally. Conflicting Analyst Sentiment

Insider Activity at Lam Research

In related 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 completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares of the company's stock, valued at approximately $69,881,114. This 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. Over the last quarter, insiders have sold 80,441 shares of company stock worth $27,614,296. Company insiders own 0.31% of the company's stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $305.77 on Friday. The business's 50-day moving average price is $340.03 and its 200 day moving average price is $279.42. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50. The company has a market capitalization of $382.39 billion, a PE ratio of 53.09, a price-to-earnings-growth ratio of 1.23 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its 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 firm 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%.The firm's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last 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 predict that Lam Research Corporation will post 9.24 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's dividend payout ratio (DPR) is presently 18.06%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, April 23rd. Sanford C. Bernstein increased their price objective on shares of Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the stock a "buy" rating in a research report on Thursday, July 30th. 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, Mizuho raised their price objective on shares of Lam Research from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $358.47.

Lam Research Profile

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source