Baird Financial Group Inc. Sells 9,182 Shares of Lam Research Corporation $LRCX

Baird Financial Group Inc. decreased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 535,780 shares of the semiconductor company's stock after selling 9,182 shares during the period. Baird Financial Group Inc.'s holdings in Lam Research were worth $232,170,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. California State Teachers Retirement System grew its position in Lam Research by 42,619.5% in the second quarter. California State Teachers Retirement System now owns 821,470,614 shares of the semiconductor company's stock valued at $355,967,861,000 after purchasing an additional 819,547,672 shares in the last quarter. Norges Bank bought a new stake in Lam Research during the 4th quarter worth about $3,645,427,000. Price T Rowe Associates Inc. MD lifted its position in Lam Research by 352.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company's stock worth $2,344,347,000 after buying an additional 10,666,540 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Lam Research by 411.8% during the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company's stock worth $4,805,368,000 after buying an additional 8,922,854 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Lam Research during the 2nd quarter worth about $3,777,585,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research News Summary

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

• Positive Sentiment: AI-related semiconductor investment, high-bandwidth memory production and advanced DRAM spending are supporting demand for Lam Research’s wafer-fabrication equipment. Higher earnings estimates and potential updates from upcoming management presentations are adding to the bullish outlook. Why Is Lam Research Corp LRCX Stock Suddenly Gaining Momentum?
• Positive Sentiment: Lam Research’s latest quarterly results exceeded expectations, with earnings per share of $1.82 versus a $1.69 consensus estimate and revenue of $6.72 billion versus $6.66 billion expected. Revenue increased 30% year over year, while company guidance calls for fiscal first-quarter 2027 EPS of $2.00 to $2.30.
• Positive Sentiment: Analysts and financial commentators remain constructive, citing record revenue, margin expansion, strong AI-chip demand and favorable long-term earnings prospects. The stock has substantially outperformed broader computer-and-technology benchmarks, and brokerages collectively maintain a “Moderate Buy” rating. Lam Research Receives Consensus Rating of Moderate Buy
• Neutral Sentiment: Recent technical readings are mixed: Williams %R indicates buying interest, while MACD and RSI remain neutral. Upcoming management presentations could provide more information on customer spending and clarify whether the current momentum is sustainable.
• Neutral Sentiment: A report about Lam Research backing a structured MRI study appears unrelated to the semiconductor company’s core operations and is unlikely to be a meaningful stock catalyst. Lam Research Backs Structured MRI Study
• Negative Sentiment: Despite the favorable outlook, LRCX has nearly tripled over the past year and trades at an elevated earnings multiple. That performance increases the risk of profit-taking or a pullback if AI-related spending slows, estimates disappoint or management offers cautious guidance.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LRCX shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $390.00 target price on shares of Lam Research in a research report on Thursday, July 30th. TD Cowen restated a "buy" rating and issued a $400.00 price target (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Weiss Ratings lowered Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday. Rothschild & Co Redburn increased their price objective on Lam Research from $305.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 17th. Finally, B. Riley Financial lowered their target price on shares of Lam Research from $385.00 to $350.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. 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 data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $358.97.

Lam Research Stock Up 4.2%

Shares of LRCX opened at $320.42 on Wednesday. The firm has a market cap of $400.95 billion, a P/E ratio of 55.63, a price-to-earnings-growth ratio of 1.22 and a beta of 1.85. 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 52 week low of $104.46 and a 52 week high of $438.50. The firm's 50-day simple moving average is $317.01 and its 200 day simple moving average is $292.86.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. The firm 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%. The business's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the business posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts forecast that Lam Research Corporation will post 9.33 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase 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 (DPR) is currently 18.06%.

Insider Transactions at Lam Research

In other news, Director Abhijit Talwalkar sold 18,282 shares of the firm's stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. The transaction was disclosed in a document filed 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 Lam Research stock in a transaction that occurred 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 sale, 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. Over the last 90 days, insiders sold 77,782 shares of company stock valued at $26,755,370. 0.31% of the stock is currently owned by insiders.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.

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