Bar Harbor Wealth Management Cuts Position in Lam Research Corporation $LRCX

Key Points

• Bar Harbor Wealth Management reduced its Lam Research stake by 14.8% in the first quarter, selling 6,774 shares and leaving it with 39,032 shares valued at about $8.34 million.
• Lam Research reported better-than-expected quarterly results, with EPS of $1.47 versus $1.36 expected and revenue of $5.84 billion, up 23.8% year over year. The company also issued Q4 2026 EPS guidance of $1.50 to $1.80.
• Despite the strong fundamentals and upbeat analyst sentiment, Lam Research shares fell 9.3% amid a broader semiconductor selloff. Analysts remain largely positive, with 28 Buy ratings and a consensus price target of $334.43.

Bar Harbor Wealth Management trimmed its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 14.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,032 shares of the semiconductor company's stock after selling 6,774 shares during the period. Bar Harbor Wealth Management's holdings in Lam Research were worth $8,340,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research in the 1st quarter valued at about $26,000. PMV Capital Advisers LLC purchased a new stake in Lam Research during the fourth quarter valued at approximately $25,000. Bayban purchased a new stake in Lam Research during the fourth quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. acquired a new stake in Lam Research in the fourth quarter valued at approximately $27,000. Finally, Core Wealth Advisors LLC acquired a new stake in Lam Research in the fourth quarter valued at approximately $29,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Down 9.3%

Lam Research stock opened at $371.33 on Wednesday. The business's 50-day moving average price is $306.92 and its 200 day moving average price is $245.44. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a market cap of $464.37 billion, a price-to-earnings ratio of 70.06, a price-to-earnings-growth ratio of 3.37 and a beta of 1.85. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $409.75.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the previous year, the company posted $1.04 earnings per share. Lam Research's revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 5.7 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research's payout ratio is currently 19.62%.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 54,500 shares of Lam Research 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 transaction, the director owned 199,205 shares of the company's stock, valued at approximately $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company's stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the transaction, the insider owned 53,205 shares of the company's stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 86,339 shares of company stock valued at $27,680,267. Corporate insiders own 0.31% of the company's stock.

More Lam Research News

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

• Positive Sentiment: Bank of America raised its price target on Lam Research from $330 to $480 and reiterated a buy rating, reinforcing Wall Street’s bullish view on the company’s AI- and memory-driven growth outlook. Read More
• Positive Sentiment: Other recent analyst updates also stayed constructive, including Citi’s $450 target and earlier target hikes from Wells Fargo, Cantor Fitzgerald, UBS, and others, suggesting continued confidence in Lam Research’s demand environment. Article Title
• Neutral Sentiment: Recent commentary highlighted Lam Research’s strong fundamentals, including solid revenue growth and upbeat AI spending trends, but these positives were not enough to offset the day’s sector-wide decline. Article Title
• Negative Sentiment: Lam Research shares were hit by a global chip selloff and profit-taking after a strong run, with investors de-risking from AI and memory-related names across the semiconductor group. Article Title

Analyst Ratings Changes

LRCX has been the topic of several analyst reports. Sanford C. Bernstein lifted their price target on shares of Lam Research from $325.00 to $340.00 and gave the stock an "outperform" rating in a report on Thursday, May 21st. Stifel Nicolaus increased their price objective on Lam Research from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Oppenheimer reissued an "outperform" rating and issued a $400.00 price objective (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. Needham & Company LLC restated a "buy" rating and set a $300.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Lam Research from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Twenty-eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $334.43.

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.

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