Clal Insurance Enterprises Holdings Ltd Lowers Stake in Lam Research Corporation $LRCX

Key Points

• Clal Insurance Enterprises Holdings Ltd reduced its stake in Lam Research by 37% in the first quarter, selling 202,939 shares and leaving it with 346,061 shares valued at about $74 million.
• Despite that sale, Lam Research continues to draw broadly positive sentiment: several recent articles highlighted AI-driven demand, a rebound in semiconductor stocks, and the company’s role as a founding partner in the AI Materials Foundry.
• Analyst sentiment remains constructive overall, with the stock carrying a Moderate Buy consensus and a consensus price target of $360.51; Lam Research also recently beat quarterly EPS and revenue estimates and pays a quarterly dividend of $0.26.

Clal Insurance Enterprises Holdings Ltd cut its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 37.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 346,061 shares of the semiconductor company's stock after selling 202,939 shares during the quarter. Clal Insurance Enterprises Holdings Ltd's holdings in Lam Research were worth $74,029,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Bayban acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $26,000. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research in the first quarter worth $26,000. Cedar Mountain Advisors LLC increased its position in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 85 shares during the period. Triumph Capital Management purchased a new stake in shares of Lam Research during the third quarter worth $27,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Lam Research in the fourth quarter valued at $27,000. Institutional investors and hedge funds own 84.61% of the company's stock.

More Lam Research News

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

• Positive Sentiment: Semiconductor stocks, including Lam Research, rebounded as dip buyers returned to the group following a sharp sector pullback, supported by continued enthusiasm for the AI investment cycle. Intel, KLA Corporation, Lam Research, Marvell Technology, and Micron Shares Skyrocket, What You Need To Know
• Positive Sentiment: Multiple articles described Lam Research as a solid growth stock and a potential earnings-surprise name, reinforcing bullish expectations for the company’s fundamentals. Looking for a Growth Stock? 3 Reasons Why Lam Research (LRCX) is a Solid Choice
• Positive Sentiment: Lam Research joined the AI Materials Foundry as a founding partner, which could strengthen its long-term role in advanced chip materials and next-generation semiconductor development. Lam Research (LRCX) Joins AI Materials Foundry To Help Shape Future Chip Materials
• Positive Sentiment: Industry outlook pieces continue to favor semiconductor equipment makers like LRCX, citing AI-driven demand for advanced chips, packaging, and memory. Zacks Industry Outlook Highlights Applied Materials, Lam Research and FormFactor
• Neutral Sentiment: Lam Research was cited among stocks likely to deliver earnings upside this season, but this was presented as a broad screen rather than company-specific new information. 4 Top-Ranked Tech Stocks Set to Beat Expectations This Earnings Season
• Neutral Sentiment: Lam Research was also noted as having a “Moderate Buy” consensus from brokerages, which supports the stock but does not by itself explain a sharp move. Lam Research Corporation NASDAQ: LRCX Given Consensus Recommendation of "Moderate Buy" by Brokerages
• Negative Sentiment: The stock recently fell more than the broader market in a prior session, reflecting lingering volatility after the semiconductor sector’s steep selloff. Lam Research (LRCX) Dips More Than Broader Market: What You Should Know

Analyst Upgrades and Downgrades

LRCX has been the subject of several analyst reports. Weiss Ratings cut Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, May 14th. BNP Paribas Exane raised their target price on shares of Lam Research from $250.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, April 23rd. Zacks Research raised shares of Lam Research from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Rothschild & Co Redburn upped their target price on shares of 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 raised their price objective on shares of Lam Research from $350.00 to $375.00 and gave the stock a "buy" rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $360.51.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the stock in a transaction dated 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 transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 firm's stock in a transaction that occurred on 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 sale, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 104,621 shares of company stock worth $33,804,737. 0.31% of the stock is owned by insiders.

Lam Research Stock Performance

NASDAQ:LRCX opened at $322.00 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a market cap of $402.68 billion, a PE ratio of 60.75, a P/E/G ratio of 1.82 and a beta of 1.80. The firm has a 50 day simple moving average of $340.44 and a 200-day simple moving average of $271.60. Lam Research Corporation has a 1-year low of $90.93 and a 1-year high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the company posted $1.04 EPS. The business's revenue for the quarter was up 23.8% compared to the same quarter last year. On average, equities analysts expect that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's payout ratio is 19.62%.

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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