Lam Research Corporation $LRCX Shares Bought by Cache Advisors LLC

Key Points

• Cache Advisors increased its Lam Research position by 37.3% in the second quarter, bringing its holdings to 23,581 shares valued at approximately $10.2 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported quarterly revenue of $6.72 billion, up 30% year over year, and EPS of $1.82, exceeding analyst expectations. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $358.47.
• The company plans to invest more than $3 billion in global R&D labs over five years, supporting advanced-chip and AI applications, though insider selling and concerns that the semiconductor cycle may be nearing a peak remain risks.

Cache Advisors LLC lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 37.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,581 shares of the semiconductor company's stock after purchasing an additional 6,403 shares during the period. Lam Research comprises 0.9% of Cache Advisors LLC's portfolio, making the stock its 19th largest position. Cache Advisors LLC's holdings in Lam Research were worth $10,218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cedar Mountain Advisors LLC boosted its position in Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after buying an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of Lam Research during the first quarter worth about $26,000. Bayban purchased a new stake in shares of Lam Research during the fourth quarter worth about $26,000. Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research in the fourth quarter worth about $27,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Lam Research in the fourth quarter worth about $29,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction that occurred 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 directly owned 87,142 shares of the company's stock, valued at $29,192,570. This represents a 17.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the firm's stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% 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. Insiders have sold a total of 80,441 shares of company stock worth $27,614,296 in the last ninety days. 0.31% of the stock is owned by insiders.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research plans to invest more than $3 billion over the next five years to expand its global research and development laboratory network. The expansion is expected to increase experiment capacity by more than 50%, potentially accelerating new equipment development for advanced chip architectures, materials and AI-related applications. Chip equipment maker Lam Research to invest more than $3 billion to expand R&D labs
• Positive Sentiment: Semiconductor equipment stocks, including LRCX, benefited from SanDisk’s bullish multiyear financial targets. The outlook raised expectations for stronger memory-industry capital spending through 2030, which could support demand for Lam’s deposition and etch equipment. Lam Research, Applied Materials, and Camtek Rise After SanDisk Issues Bullish Financial Targets
• Positive Sentiment: Analysts continued to maintain Buy ratings, while Erste Group Bank expects increased earnings for Lam Research. The company’s most recent quarterly results also exceeded expectations, with revenue up 30% year over year and earnings above consensus, reinforcing the favorable earnings outlook.
• Positive Sentiment: Lam Research also announced a workforce-development partnership with NY Creates that could train approximately 3,500 semiconductor students over five years. Although not an immediate revenue driver, the initiative may help address industry talent shortages and support future growth. Lam Research and NY Creates Team Up to Enable Training of University Students for the Semiconductor Workforce
• Neutral Sentiment: Investors continue directing substantial funds into semiconductor ETFs, supporting sector momentum and demand for chip-equipment shares. However, the strong flows also indicate a crowded, momentum-driven trade.
• Negative Sentiment: Fidelity’s Jurrien Timmer warned that the semiconductor cycle could be nearing a peak. That caution presents a risk to Lam’s valuation and future equipment demand if AI-related and memory capital spending slows.

Lam Research Trading Up 3.3%

Shares of NASDAQ LRCX opened at $337.01 on Friday. Lam Research Corporation has a 12-month low of $94.11 and a 12-month high of $438.50. The company has a market cap of $421.71 billion, a price-to-earnings ratio of 58.51, a price-to-earnings-growth ratio of 1.29 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 stock's 50 day simple moving average is $338.88 and its 200 day simple moving average is $282.80.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results 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. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same period last year, the business posted $1.33 earnings per share. The firm'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. Equities research analysts expect that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's dividend payout ratio (DPR) is currently 18.06%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LRCX. Evercore reissued an "outperform" rating and set a $355.00 price target on shares of Lam Research in a research report on Monday, July 20th. New Street Research lifted their price target on shares of Lam Research from $235.00 to $280.00 and gave the stock a "neutral" rating in a research note on Monday, April 27th. Morgan Stanley cut their price target on shares of Lam Research from $404.00 to $367.00 and set an "overweight" rating on the stock in a report on Thursday, July 30th. The Goldman Sachs Group reiterated a "buy" rating and set a $290.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Finally, Seaport Research Partners assumed coverage on shares of Lam Research in a research report on Monday, May 4th. They issued a "buy" rating and a $300.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $358.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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