Braun Stacey Associates Inc. Decreases Stock Position in Lam Research Corporation $LRCX

Braun Stacey Associates Inc. decreased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 3.4% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 155,268 shares of the semiconductor company's stock after selling 5,512 shares during the period. Lam Research accounts for 1.9% of Braun Stacey Associates Inc.'s investment portfolio, making the stock its 10th largest position. Braun Stacey Associates Inc.'s holdings in Lam Research were worth $67,282,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. World Equity Group Inc. boosted its position in shares of Lam Research by 0.5% in the second 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 period. Tenzing Financial LLC increased its holdings in Lam Research by 3.5% during the 2nd quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock worth $441,000 after acquiring an additional 34 shares during the period. Gibraltar Capital Management Inc. lifted its stake in Lam Research by 3.6% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company's stock worth $455,000 after purchasing an additional 36 shares in the last quarter. Elevated Financial Group LLC boosted its holdings in Lam Research by 3.0% in the 2nd quarter. Elevated Financial Group LLC now owns 1,223 shares of the semiconductor company's stock valued at $530,000 after purchasing an additional 36 shares during the period. Finally, Yoder Wealth Management Inc. boosted its holdings in Lam Research by 3.3% in the 2nd quarter. Yoder Wealth Management Inc. now owns 1,129 shares of the semiconductor company's stock valued at $489,000 after purchasing an additional 36 shares during the period. Institutional investors own 84.61% of the company's stock.

Insider Activity

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the company's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares of the company's stock, valued at $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% 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 three months, insiders have sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LRCX. Raymond James Financial set a $425.00 price target on shares of Lam Research in a report on Wednesday, June 10th. Susquehanna reissued a "positive" rating and set a $475.00 price objective (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. Rothschild & Co Redburn boosted their target price on Lam Research from $305.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, June 17th. Mizuho decreased their target price on Lam Research from $370.00 to $365.00 and set an "outperform" rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group set a $335.00 price target on Lam Research and gave the company a "buy" rating in a report on Thursday, July 30th. One research 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $357.31.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research broke ground on a 120,000-square-foot Oregon semiconductor laboratory as part of a planned investment of more than $3 billion in its global lab network over five years. The project is intended to accelerate process innovations for advanced AI chips and improve collaboration with customers, supporting the company’s long-term growth prospects. Lam Research breaks ground on AI semiconductor lab in Oregon
• Positive Sentiment: The board approved a 27% increase in the quarterly dividend, from $0.26 to $0.33 per share. The payout is scheduled for October 14, 2026, for shareholders of record on September 23, providing a modest shareholder-return signal. Lam Research Corporation Announces a 27% Increase in Quarterly Dividend
• Neutral Sentiment: Lam’s latest earnings exceeded consensus expectations, with quarterly earnings per share of $1.82 versus the $1.69 estimate and revenue of $6.72 billion. Revenue increased 30% year over year, while management issued fiscal first-quarter 2027 EPS guidance of $2.00 to $2.30. Analysts’ median price target remains substantially above recent trading levels, although Mizuho recently lowered its target to $365.
• Neutral Sentiment: Two long-serving directors, Michael R. Cannon and Sohail U. Ahmed, plan to retire from the board on November 2, 2026. The transition could refresh governance but introduces some near-term uncertainty regarding board composition. Lam Research Announces Retirement of Michael R. Cannon and Sohail U. Ahmed from Board of Directors
• Negative Sentiment: Investors appear increasingly concerned about tariffs, export restrictions and other U.S.-China trade measures. China was Lam’s largest geographic market in fiscal 2026, making the company particularly sensitive to policy changes that could reduce demand, hurt margins or disrupt its supply chain. These macro concerns have overshadowed the dividend increase and Oregon expansion. Lam Research Slides as China Trade Risk Appears to Outweigh Dividend Hike
• Negative Sentiment: Reported insider activity shows selling rather than buying by executives and directors over the past six months, which may reinforce caution among investors, though such transactions can reflect personal financial planning rather than a view on company fundamentals.

Lam Research Stock Performance

NASDAQ LRCX opened at $301.90 on Friday. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50. The company has a fifty day moving average of $330.43 and a 200-day moving average of $289.14. The company has a market capitalization of $377.77 billion, a P/E ratio of 52.41, a P/E/G ratio of 1.26 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 (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The firm's revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities research analysts predict that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This is a boost from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. Lam Research's dividend payout ratio is currently 18.06%.

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.

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