J. Safra Sarasin Holding AG Buys 3,118 Shares of Lam Research Corporation $LRCX

Key Points

• J. Safra Sarasin Holding AG increased its Lam Research stake by 4.3% in the first quarter, buying 3,118 additional shares and bringing its total holding to 75,621 shares valued at about $16.15 million.
• Lam Research posted strong quarterly results, beating EPS and revenue estimates with $1.47 per share on $5.84 billion in revenue, while revenue rose 23.8% year over year.
• Analyst sentiment remains bullish, with several firms raising price targets and the stock carrying a Moderate Buy consensus; meanwhile, insiders have recently sold shares, including a large sale by Director Eric Brandt.

J. Safra Sarasin Holding AG raised its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,621 shares of the semiconductor company's stock after purchasing an additional 3,118 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Lam Research were worth $16,153,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new position in shares of Lam Research during the 4th quarter worth about $25,000. Stance Capital LLC bought a new position in Lam Research during the third quarter worth $26,000. Bayban acquired a new position in shares of Lam Research in the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. bought a new position in shares of Lam Research in the first quarter valued at about $26,000. Finally, Cedar Mountain Advisors LLC boosted its holdings in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after buying an additional 85 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 firm's stock in a transaction that occurred on Monday, April 27th. The stock was 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 in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 86,339 shares of company stock valued at $27,680,267 in the last ninety days. Corporate insiders own 0.31% of the company's stock.

Lam Research Price Performance

LRCX opened at $350.33 on Monday. Lam Research Corporation has a 1 year low of $90.93 and a 1 year high of $438.50. The stock has a 50-day moving average price of $334.89 and a 200-day moving average price of $264.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a market cap of $438.11 billion, a PE ratio of 66.10, a P/E/G ratio of 2.07 and a beta of 1.80.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts predict that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company 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 currently 19.62%.

Trending Headlines about Lam Research

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.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of analyst reports. Oppenheimer reissued an "outperform" rating and set a $400.00 price target (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. Royal Bank Of Canada lifted their target price on Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Raymond James Financial set a $425.00 target price on shares of Lam Research in a research report on Wednesday, June 10th. Evercore boosted their price objective on Lam Research from $275.00 to $300.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. Finally, Bank of America raised their price objective on shares of Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and a consensus price target of $350.81.

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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