Atlatl Advisers LLC Sells 14,564 Shares of Lam Research Corporation $LRCX

Key Points

• Atlatl Advisers sharply reduced its Lam Research stake by selling 14,564 shares, an 89.8% decrease, leaving the fund with 1,646 shares valued at approximately $541,000.
• Lam Research reported strong quarterly results, with revenue up 54.4% year over year to $8.22 billion and EPS of $2.20, beating analyst expectations. The company also raised its quarterly dividend to $0.33 per share.
• Analysts maintain a generally positive view, with Lam Research receiving a “Moderate Buy” consensus rating and an average price target of $354.55, though supply constraints and declining China exposure remain risks.

Atlatl Advisers LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 89.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,646 shares of the semiconductor company's stock after selling 14,564 shares during the quarter. Atlatl Advisers LLC's holdings in Lam Research were worth $541,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. World Equity Group Inc. increased its holdings in shares of Lam Research by 0.5% during the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company's stock valued at $2,416,000 after acquiring an additional 29 shares during the last quarter. Vann Equity Management LLC lifted its position in Lam Research by 1.1% during the 3rd quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company's stock worth $944,000 after acquiring an additional 31 shares during the last quarter. Tenzing Financial LLC boosted its holdings in Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock valued at $441,000 after acquiring an additional 34 shares during the period. Advus Financial Partners LLC boosted its holdings in Lam Research by 1.0% during the second quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company's stock valued at $1,550,000 after acquiring an additional 34 shares during the period. Finally, Paragon Private Wealth Management LLC grew its position in shares of Lam Research by 1.3% in the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company's stock valued at $1,178,000 after purchasing an additional 35 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related 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 value of $1,512,300.00. Following the completion of the transaction, the insider directly owned 42,462 shares of the company's stock, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.31% of the company's stock.

Lam Research Trading Down 0.0%

Shares of LRCX opened at $230.10 on Friday. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.48 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $287.95 billion, a price-to-earnings ratio of 34.29, a P/E/G ratio of 0.83 and a beta of 1.85. The stock's 50-day moving average price is $301.90 and its 200 day moving average price is $309.32.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.18 by $0.02. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The firm had revenue of $8.22 billion during the quarter, compared to analysts' expectations of $8.14 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. The company's revenue for the quarter was up 54.4% on a year-over-year basis. As a group, research analysts predict that Lam Research Corporation will post 9.48 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were paid a $0.33 dividend. The ex-dividend date was 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 dividend yield of 0.6%. Lam Research's dividend payout ratio is currently 22.92%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LRCX shares. Berenberg Bank set a $420.00 price objective on Lam Research in a research note on Wednesday, September 9th. Fundamental Research set a $390.00 target price on Lam Research in a research note on Thursday, October 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $375.00 price target on shares of Lam Research in a research report on Monday. Jefferies Financial Group set a $335.00 price target on Lam Research and gave the stock a "buy" rating in a report on Thursday, July 30th. Finally, HSBC reissued a "hold" rating and issued a $333.00 price objective on shares of Lam Research in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and a consensus price target of $354.55.

Trending Headlines about Lam Research

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

• Positive Sentiment: Record results and strong profitability: Fiscal first-quarter revenue rose 54.4% year over year to $8.22 billion, exceeding estimates, while adjusted EPS of $2.20 also beat forecasts. Operating margin topped 40% for the first time, supported by strong systems sales, memory demand and record foundry revenue. Lam Research Q1 Earnings Beat on Systems Sales and Margin Gains
• Positive Sentiment: Long-term AI and memory demand remains supportive: Lam expects wafer-fabrication-equipment spending to exceed $200 billion in 2027, driven by AI infrastructure, memory upgrades and advanced manufacturing. Customer Support revenue is expected to grow more than 30%, while Aether dry-resist revenue is projected to reach $2.5 billion cumulatively. LRCX Q1 Earnings Call Highlights
• Positive Sentiment: Some analysts remain bullish: Mizuho reiterated an Outperform rating and recommended buying the pullback, while Bank of America maintained a Buy rating. Erste Group also modestly increased its FY2027 and FY2028 EPS estimates. Mizuho recommends buying the pullback
• Neutral Sentiment: Guidance was broadly in line but leaves limited room for disappointment: Fiscal second-quarter revenue guidance of $8.2 billion-$9.0 billion and EPS guidance of $2.18-$2.48 bracket consensus estimates of $8.5 billion and $2.30, respectively. Mizuho trimmed its price target to $360 from $365, signaling continued upside but greater near-term caution.
• Negative Sentiment: Supply bottlenecks are limiting shipments: Component shortages and cleanroom capacity constraints could restrict equipment deliveries through 2027, preventing Lam from fully converting strong demand into revenue. Lam Research says supply bottlenecks are holding back revenue
• Negative Sentiment: China exposure and sector pressure are weighing on sentiment: China’s revenue contribution is expected to decline substantially from 35% in the September quarter. Citi warned of additional downside for Lam and peers, while a broad AI-chip sell-off amplified concerns about valuations and spending.

Lam Research Profile

Lam Research Corporation NASDAQ: LRCX is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company's product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.

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