Integrated Wealth Concepts LLC Sells 5,061 Shares of Lam Research Corporation $LRCX

Key Points

• Integrated Wealth Concepts LLC cut its Lam Research stake by 7.4% in the second quarter, selling 5,061 shares and retaining 63,727 shares valued at approximately $27.6 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported better-than-expected quarterly results, with EPS of $1.82 and revenue of $6.72 billion, up 30% year over year. AI-related semiconductor spending is supporting demand, though the stock’s elevated valuation and sharp rally increase pullback risk.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $361.81. The company also raised its quarterly dividend to $0.33 per share, or $1.32 annualized.

Integrated Wealth Concepts LLC reduced its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 63,727 shares of the semiconductor company's stock after selling 5,061 shares during the period. Integrated Wealth Concepts LLC's holdings in Lam Research were worth $27,615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. World Equity Group Inc. raised its holdings in Lam Research by 0.5% during the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company's stock worth $2,416,000 after buying an additional 29 shares during the last quarter. Tenzing Financial LLC grew its holdings in shares of Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock valued at $441,000 after buying an additional 34 shares during the last quarter. Advus Financial Partners LLC raised its holdings in shares of Lam Research by 1.0% in the 2nd quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company's stock worth $1,550,000 after acquiring an additional 34 shares during the last quarter. Paragon Private Wealth Management LLC raised its holdings in shares of Lam Research by 1.3% in the 2nd quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company's stock worth $1,178,000 after acquiring an additional 35 shares during the last quarter. Finally, Gibraltar Capital Management Inc. lifted its position in Lam Research by 3.6% in the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company's stock valued at $455,000 after acquiring an additional 36 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research News Roundup

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

• Positive Sentiment: AI-related semiconductor investment, high-bandwidth memory production and advanced DRAM spending are supporting demand for Lam Research’s wafer-fabrication equipment. Higher earnings estimates and potential updates from upcoming management presentations are adding to the bullish outlook. Why Is Lam Research Corp LRCX Stock Suddenly Gaining Momentum?
• Positive Sentiment: Lam Research’s latest quarterly results exceeded expectations, with earnings per share of $1.82 versus a $1.69 consensus estimate and revenue of $6.72 billion versus $6.66 billion expected. Revenue increased 30% year over year, while company guidance calls for fiscal first-quarter 2027 EPS of $2.00 to $2.30.
• Positive Sentiment: Analysts and financial commentators remain constructive, citing record revenue, margin expansion, strong AI-chip demand and favorable long-term earnings prospects. The stock has substantially outperformed broader computer-and-technology benchmarks, and brokerages collectively maintain a “Moderate Buy” rating. Lam Research Receives Consensus Rating of Moderate Buy
• Neutral Sentiment: Recent technical readings are mixed: Williams %R indicates buying interest, while MACD and RSI remain neutral. Upcoming management presentations could provide more information on customer spending and clarify whether the current momentum is sustainable.
• Neutral Sentiment: A report about Lam Research backing a structured MRI study appears unrelated to the semiconductor company’s core operations and is unlikely to be a meaningful stock catalyst. Lam Research Backs Structured MRI Study
• Negative Sentiment: Despite the favorable outlook, LRCX has nearly tripled over the past year and trades at an elevated earnings multiple. That performance increases the risk of profit-taking or a pullback if AI-related spending slows, estimates disappoint or management offers cautious guidance.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the sale, the insider directly owned 42,462 shares in the company, valued at $12,843,056.52. The trade was a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Talwalkar sold 18,282 shares of the stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director owned 87,142 shares of the company's stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. 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 77,782 shares of company stock worth $26,755,370 in the last ninety days. Company insiders own 0.31% of the company's stock.

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. Raymond James Financial set a $425.00 price objective on Lam Research in a report on Wednesday, June 10th. Berenberg Bank set a $420.00 target price on Lam Research in a report on Wednesday. UBS Group cut their target price on Lam Research from $435.00 to $425.00 and set a "buy" rating on the stock in a research report on Tuesday, September 1st. Stifel Nicolaus increased their price target on Lam Research from $325.00 to $425.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, Sanford C. Bernstein raised their price objective on Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $361.81.

Lam Research Price Performance

Lam Research stock opened at $320.42 on Wednesday. Lam Research Corporation has a 52 week low of $104.46 and a 52 week high of $438.50. The company's 50 day moving average price is $317.01 and its two-hundred day moving average price is $292.86. The stock has a market cap of $400.95 billion, a P/E ratio of 55.63, a P/E/G ratio of 1.22 and a beta of 1.85. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates 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 prior year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts predict that Lam Research Corporation will post 9.33 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. This is a boost from Lam Research's previous quarterly dividend of $0.26. Lam Research's payout ratio is 22.92%.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.

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