Conning Inc. Sells 7,158 Shares of Lam Research Corporation $LRCX

Key Points

• Conning Inc. cut its Lam Research stake by 21% in the first quarter, selling 7,158 shares and leaving it with 26,865 shares valued at about $5.74 million.
• Insider selling has been significant, including Director Eric Brandt’s sale of 54,500 shares and Ava Harter’s sale of 6,010 shares; insiders have sold 86,339 shares over the past 90 days.
• Lam Research continues to receive bullish analyst support, with multiple firms raising price targets and the consensus rating remaining “Moderate Buy” with a target around $350.81, even after the stock’s strong recent run-up.

Conning Inc. decreased its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 21.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,865 shares of the semiconductor company's stock after selling 7,158 shares during the quarter. Conning Inc.'s holdings in Lam Research were worth $5,740,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LRCX. Cedar Mountain Advisors LLC raised its holdings in shares of Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after buying an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in Lam Research during the 1st quarter worth about $26,000. PMV Capital Advisers LLC acquired a new stake in Lam Research in the 4th quarter valued at about $25,000. Bayban bought a new position in shares of Lam Research in the fourth quarter worth about $26,000. Finally, Mcguire Capital Advisors Inc. bought a new position in shares of Lam Research in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the 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 sale, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business'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 directly owned 53,205 shares of the company's stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 86,339 shares of company stock valued at $27,680,267 in the last 90 days. 0.31% of the stock is owned by insiders.

Lam Research Stock Performance

LRCX stock opened at $350.33 on Friday. Lam Research Corporation has a twelve month low of $90.93 and a twelve month high of $438.50. 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 company has a market cap of $438.11 billion, a P/E ratio of 66.10, a price-to-earnings-growth ratio of 2.09 and a beta of 1.80. The business's fifty day moving average is $334.89 and its 200-day moving average is $263.61.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS 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 business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. The firm's quarterly revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts forecast that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research's dividend payout ratio (DPR) is currently 19.62%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Royal Bank Of Canada increased their price target on shares of Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Morgan Stanley upped their price objective on Lam Research from $331.00 to $404.00 and gave the stock an "overweight" rating in a report on Monday, July 6th. Erste Group Bank lowered Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Mizuho lifted their target price on Lam Research from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, New Street Research boosted their target price on Lam Research from $235.00 to $280.00 and gave the stock a "neutral" rating in a research report on Monday, April 27th. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $350.81.

Lam Research News Summary

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

• Positive Sentiment: Mizuho raised its price target on Lam Research to $400 from $380 and kept an outperform rating, adding to the bullish analyst momentum around the stock.
• Positive Sentiment: Stifel Nicolaus boosted its target to $425 from $325 and reiterated a buy rating, citing above-consensus estimates and suggesting further upside for LRCX.
• Positive Sentiment: Needham also increased its target to $390 from $300 and maintained a buy rating, reinforcing the view that Lam Research is well positioned to benefit from AI-driven chip demand.
• Positive Sentiment: Additional coverage highlighted Lam Research as a beneficiary of broader AI infrastructure spending and possible easing of China-related chip restrictions, which could improve sentiment across semiconductor equipment names. Does AI Rebound and China Chip Access Shift Change The Bull Case For Lam Research (LRCX)?
• Neutral Sentiment: Lam Research announced that it will host its June quarter financial conference call and webcast on July 29, giving investors a near-term catalyst to watch.
• Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be a factor driving the move.

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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