Gradient Capital Advisors LLC Sells 4,983 Shares of Lam Research Corporation $LRCX

Key Points

• Gradient Capital Advisors reduced its Lam Research stake by 24.2% in the second quarter, selling 4,983 shares and retaining 15,624 shares valued at approximately $6.77 million.
• Institutional investors own 84.61% of LRCX, while insiders have sold 80,441 shares worth $27.6 million over the past 90 days, including two director sales conducted under Rule 10b5-1 plans.
• Lam Research reported stronger-than-expected quarterly results, with EPS of $1.82 and revenue of $6.72 billion, up 30% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $358.47.

Gradient Capital Advisors LLC decreased its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 24.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,624 shares of the semiconductor company's stock after selling 4,983 shares during the period. Lam Research accounts for 1.6% of Gradient Capital Advisors LLC's investment portfolio, making the stock its 18th biggest holding. Gradient Capital Advisors LLC's holdings in Lam Research were worth $6,771,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LRCX. North Dallas Bank & Trust Co. grew its position in shares of Lam Research by 161.9% in the second quarter. North Dallas Bank & Trust Co. now owns 3,130 shares of the semiconductor company's stock valued at $1,356,000 after purchasing an additional 1,935 shares during the last quarter. Centennial Wealth Advisory LLC increased its stake in shares of Lam Research by 1.7% in the second quarter. Centennial Wealth Advisory LLC now owns 2,823 shares of the semiconductor company's stock worth $1,223,000 after purchasing an additional 48 shares during the period. Sound Stewardship LLC acquired a new position in shares of Lam Research during the 2nd quarter worth about $238,000. Red Door Wealth Management LLC lifted its position in shares of Lam Research by 1.1% during the 2nd quarter. Red Door Wealth Management LLC now owns 8,979 shares of the semiconductor company's stock worth $3,891,000 after purchasing an additional 99 shares during the last quarter. Finally, HBE Wealth Management LLC bought a new stake in Lam Research during the 2nd quarter valued at approximately $274,000. 84.61% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the company's stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director owned 87,142 shares of the company's stock, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares of the company's stock, valued at $69,881,114. This trade represents a 21.48% decrease in their position. 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. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, April 23rd. Royal Bank Of Canada raised their price objective on shares of Lam Research from $290.00 to $310.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Weiss Ratings lowered shares of Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, August 7th. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $390.00 price target on shares of Lam Research in a report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $358.47.

Trending Headlines about Lam Research

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

• Positive Sentiment: Strong earnings and raised forecasts: Lam Research recently exceeded quarterly earnings and revenue expectations, with revenue up 30% year over year. Erste Group Bank raised its fiscal 2027 EPS estimate to $9.27 from $8.05, broadly in line with the $9.32 consensus forecast. The company also issued fiscal first-quarter 2027 EPS guidance of $2.00–$2.30, reinforcing expectations for continued growth.
• Positive Sentiment: AI-driven equipment demand: Analysts continue to identify LRCX as a leading AI-related semiconductor equipment stock, citing strong results, growth prospects and potential upside as chipmakers increase capital spending to support AI infrastructure. Buy and Hold These 2 Top-Ranked AI-Led Semiconductor Equipment Stocks
• Positive Sentiment: Expansion into panel-level packaging: Lam is entering panel-level packaging, an emerging market intended to support larger, more complex AI chips. The move could provide an additional growth avenue beyond its core wafer-fabrication equipment business. Lam Research Enters Panel-Level Packaging: Is This a Growth Catalyst?
• Positive Sentiment: Workforce-development partnership: Lam and NY CREATES will use Lam’s Semiverse virtual-fabrication platform to help train approximately 3,500 university students in semiconductor process integration over five years. The initiative strengthens industry relationships and supports the labor pipeline, though its financial impact is likely long term. Lam Research and NY Creates Team Up to Enable Training of University Students for the Semiconductor Workforce
• Neutral Sentiment: Investor attention remains elevated: Jim Cramer’s upcoming semiconductor-focused call may increase visibility for LRCX, but any impact depends on his comments and is primarily sentiment-driven. 5 Semiconductor Stocks Jim Cramer Could Be Talking About on Thursday
• Neutral Sentiment: Short-interest data is unreliable: A report showing zero shares sold short and a zero-day short ratio appears to reflect faulty or incomplete data, so it offers little actionable information for investors.
• Negative Sentiment: Potential long-term industry competition: SpaceX’s proposed Terrafab facility could challenge the current memory-chip supply structure. The threat is aimed mainly at Micron, SK Hynix and Samsung, but broader changes in semiconductor manufacturing could affect equipment demand and industry dynamics over time.

Lam Research Price Performance

Shares of LRCX stock opened at $326.11 on Thursday. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50. The company has a market capitalization of $408.07 billion, a P/E ratio of 56.62, a P/E/G ratio of 1.24 and a beta of 1.84. The stock has a 50 day moving average of $338.86 and a two-hundred day moving average of $281.96. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.Lam Research's quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities analysts expect that Lam Research Corporation will post 9.32 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. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research's payout ratio is 18.06%.

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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