FAS Wealth Partners Inc. Trims Stock Holdings in Lam Research Corporation $LRCX

Key Points

• FAS Wealth Partners reduced its Lam Research stake by 23.1% in the first quarter, selling 11,216 shares and retaining 37,347 shares valued at approximately $7.98 million. Institutional investors still own 84.61% of LRCX.
• Lam Research exceeded quarterly expectations: EPS was $1.82 versus the $1.69 consensus, while revenue rose 30% year over year to $6.72 billion. The company issued Q1 2027 EPS guidance of $2.00–$2.30, supported by strong NAND, AI and semiconductor-equipment demand.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $358.47, although valuation and recent insider selling are potential overhangs. The stock trades at a P/E ratio of 50.89 and insiders sold roughly $27.6 million of shares over the past 90 days.

FAS Wealth Partners Inc. cut its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 23.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 37,347 shares of the semiconductor company's stock after selling 11,216 shares during the period. FAS Wealth Partners Inc.'s holdings in Lam Research were worth $7,980,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LRCX. Rathbones Group PLC increased its position in shares of Lam Research by 1,013.2% during the first quarter. Rathbones Group PLC now owns 73,112 shares of the semiconductor company's stock valued at $15,621,000 after buying an additional 66,544 shares during the period. Wealthquest Corp increased its holdings in Lam Research by 5.3% during the 1st quarter. Wealthquest Corp now owns 4,041 shares of the semiconductor company's stock worth $863,000 after acquiring an additional 205 shares during the period. Parallel Advisors LLC increased its holdings in Lam Research by 7.6% during the 1st quarter. Parallel Advisors LLC now owns 20,591 shares of the semiconductor company's stock worth $4,400,000 after acquiring an additional 1,461 shares during the period. Foguth Wealth Management LLC. purchased a new stake in Lam Research in the 1st quarter worth approximately $202,000. Finally, Financial Solutions Advisory Group Inc. purchased a new stake in Lam Research in the 1st quarter worth approximately $224,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Performance

Shares of Lam Research stock opened at $293.15 on Monday. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $438.50. The firm has a market capitalization of $366.60 billion, a P/E ratio of 50.89, a P/E/G ratio of 1.22 and a beta of 1.84. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $340.82 and a two-hundred day simple moving average of $276.87.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping 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 company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period last year, the business earned $1.33 EPS. Lam Research's quarterly 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, equities analysts forecast that Lam Research Corporation will post 8.9 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders 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 0.4%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research's payout ratio is currently 18.06%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent analyst reports. Susquehanna restated a "positive" rating and set a $475.00 price target (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Rothschild & Co Redburn upped their target price on Lam Research from $305.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 17th. Evercore reaffirmed an "outperform" rating and issued a $355.00 price target on shares of Lam Research in a report on Monday, July 20th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $320.00 price target on shares of Lam Research in a research report on Thursday. Finally, Bank of America raised their target price on shares of Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $358.47.

Insider Transactions at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the business's 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 sale, the senior vice president directly owned 58,470 shares of the company's stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the firm's 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 transaction, the director owned 199,205 shares of the company's stock, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 80,441 shares of company stock valued at $27,614,296 in the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Trending Headlines about Lam Research

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

• Positive Sentiment: Strong fiscal fourth-quarter results and outlook: Lam reported record revenue of $6.72 billion, up approximately 30% year over year, and adjusted EPS of $1.82 versus the $1.69 consensus estimate. Management’s outlook for the next quarter—approximately $8.1 billion in revenue and $2.00–$2.30 in EPS—significantly exceeded expectations. NAND revenue more than doubled sequentially, while customer-support revenue reached another record. LRCX Q4 Earnings Beat on NAND and Customer Support Strength
• Positive Sentiment: AI and memory demand remain key catalysts: Analysts and investors see Lam benefiting from ongoing AI infrastructure spending, advanced chip production, NAND investment, packaging, and wafer-fabrication demand. Some commentary describes an “extraordinary runway” heading into 2027. This Chip Stock Could Be the Biggest Winner of the AI Memory Boom
• Positive Sentiment: China memory concerns may be overstated: Mizuho argued that fears of Chinese producer CXMT flooding the DRAM market and pressuring prices are overblown, easing a potential risk to semiconductor-equipment demand. Tech specialist explains why China memory fears are overblown
• Neutral Sentiment: Analyst views remain broadly constructive but targets are mixed: Needham reaffirmed a Buy rating and $390 target, while Morgan Stanley lowered its target from $404 to $367 and B. Riley reduced its target from $385 to $350, retaining Buy or Overweight ratings. The target cuts suggest expectations are being moderated after the rally, even though analysts still see potential upside. Needham Raises Lam Research EPS Estimates
• Negative Sentiment: Valuation and insider selling are overhangs: After rising roughly 3.9 times over five years and trading at a high earnings multiple, LRCX may be vulnerable to profit-taking. Reported insider activity shows sales rather than purchases over the past six months, reinforcing caution around current valuation. Has Lam Research Fallen Far Enough to Look Like a Bargain?

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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