Buckhead Capital Management LLC Cuts Stake in Lam Research Corporation $LRCX

Key Points

• Buckhead Capital Management cut its stake in Lam Research by 34.2% in the fourth quarter, selling 11,594 shares and leaving it with 22,330 shares worth about $3.82 million.
• Wall Street remains broadly constructive on the stock, with 27 analysts rating it a Buy and consensus price target around $293.46; several firms recently raised their targets as well.
• Lam Research posted strong quarterly results, beating EPS and revenue estimates, and continues to benefit from AI-driven semiconductor demand while expanding products and operations tied to future growth.

Buckhead Capital Management LLC reduced its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 34.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,330 shares of the semiconductor company's stock after selling 11,594 shares during the period. Lam Research comprises 1.4% of Buckhead Capital Management LLC's investment portfolio, making the stock its 28th largest holding. Buckhead Capital Management LLC's holdings in Lam Research were worth $3,822,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC purchased a new stake in Lam Research during the 4th quarter worth approximately $25,000. Stance Capital LLC purchased a new stake in Lam Research during the 3rd quarter worth approximately $26,000. Triumph Capital Management purchased a new stake in Lam Research during the 3rd quarter worth approximately $27,000. Harbor Investment Advisory LLC increased its position in shares of Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company's stock valued at $41,000 after purchasing an additional 102 shares during the last quarter. Finally, WealthCollab LLC increased its position in shares of Lam Research by 29.3% in the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 55 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LRCX shares. New Street Research increased their price objective on shares of Lam Research from $235.00 to $280.00 and gave the company a "neutral" rating in a research report on Monday, April 27th. UBS Group set a $300.00 price objective on shares of Lam Research in a research report on Thursday, January 29th. Jefferies Financial Group increased their price objective on shares of Lam Research from $285.00 to $315.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. TD Cowen increased their price objective on shares of Lam Research from $290.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Finally, Bank of America increased their price objective on shares of Lam Research from $285.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus price target of $293.46.

More Lam Research News

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

• Positive Sentiment: Analysts continue to sound optimistic, with Sanford C. Bernstein raising its price target on Lam Research to $340 from $325 and reiterating an outperform rating, implying further upside from current levels.
• Positive Sentiment: The company is benefiting from strong AI-related chip demand, which is driving customers to buy more wafer fabrication equipment and supporting the stock’s strong year-to-date run.
• Positive Sentiment: Lam Research said it is adding AI and sensing capabilities to its chipmaking tools and expanding U.S. operations in Arizona and California, a sign it is positioning itself for longer-term growth in advanced semiconductor manufacturing. Article: Lam Research focused on adding AI to chipmaking tools as it eyes US expansion, CEO says
• Positive Sentiment: The company launched a new research lab in Salzburg focused on panel-level chip packaging, aiming to improve chip density and reduce packaging costs as AI demand rises.

Lam Research Trading Up 1.0%

Shares of Lam Research stock opened at $305.35 on Friday. The company has a fifty day simple moving average of $254.07 and a 200-day simple moving average of $215.35. Lam Research Corporation has a 12-month low of $79.49 and a 12-month high of $309.98. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The stock has a market cap of $381.86 billion, a price-to-earnings ratio of 57.61, a PEG ratio of 2.53 and a beta of 1.81.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The company'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. On average, equities analysts forecast that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Announces Dividend

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

Insider Activity

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ava Harter sold 6,010 shares of the company's stock in a transaction on Monday, April 27th. The shares were 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. The trade was a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 120,066 shares of company stock worth $27,953,242. Corporate insiders own 0.31% of the company's stock.

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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