D.A. Davidson & CO. Sells 5,449 Shares of Lam Research Corporation $LRCX

Key Points

• D.A. Davidson reduced its Lam Research stake by 6.8% in the second quarter, selling 5,449 shares and retaining 74,994 shares valued at approximately $32.5 million. Institutional investors collectively own 84.61% of the company.
• Lam Research reported quarterly EPS of $1.82, surpassing estimates of $1.69, while revenue rose 30% year over year to $6.72 billion. The company issued Q1 2027 EPS guidance of $2.00–$2.30.
• Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $358.47; recent targets range from $333 to $480. Insiders sold 80,441 shares worth $27.6 million over the past 90 days.

D.A. Davidson & CO. decreased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,994 shares of the semiconductor company's stock after selling 5,449 shares during the period. D.A. Davidson & CO.'s holdings in Lam Research were worth $32,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp increased its position in Lam Research by 0.4% in the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company's stock valued at $8,024,684,000 after acquiring an additional 265,805 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Lam Research by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company's stock worth $5,764,117,000 after purchasing an additional 126,613 shares in the last quarter. Invesco Ltd. lifted its position in shares of Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company's stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares in the last quarter. Norges Bank bought a new stake in shares of Lam Research during the fourth quarter valued at approximately $3,645,427,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company's stock valued at $2,344,347,000 after purchasing an additional 10,666,540 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $314.00 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The stock has a market cap of $392.91 billion, a price-to-earnings ratio of 54.51, a P/E/G ratio of 1.25 and a beta of 1.84. The company has a 50 day moving average of $337.47 and a 200-day moving average of $286.43. Lam Research Corporation has a one year low of $94.11 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the business posted $1.33 earnings per share. Lam Research's revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, sell-side analysts forecast that Lam Research Corporation will post 9.32 earnings per share for the current year.

Insider Buying and Selling at Lam Research

In other news, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction 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 transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm's stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares in the company, valued at $29,192,570. This represents a 17.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 80,441 shares of company stock worth $27,614,296. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group reissued a "buy" rating and issued a $375.00 price target (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Evercore reaffirmed an "outperform" rating and set a $355.00 price objective on shares of Lam Research in a report on Monday, July 20th. HSBC reiterated a "hold" rating and issued a $333.00 price objective on shares of Lam Research in a research report on Monday, July 27th. Bank of America lifted their target price on Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Finally, Oppenheimer restated an "outperform" rating and set a $400.00 target price (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $358.47.

Lam Research Company 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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