Lam Research Corporation $LRCX Shares Sold by CoreCap Advisors LLC

Key Points

• CoreCap Advisors reduced its Lam Research stake by 28.2% in the third quarter, selling 5,260 shares and retaining 13,420 shares valued at approximately $4.41 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported strong quarterly results, with EPS of $1.82 beating estimates of $1.69 and revenue rising 30% year over year to $6.72 billion. Management issued quarterly EPS guidance of $2.00 to $2.30.
• The company increased its quarterly dividend to $0.33 per share, or $1.32 annually, representing a 0.4% yield. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $364.59.

CoreCap Advisors LLC lessened its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 28.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,420 shares of the semiconductor company's stock after selling 5,260 shares during the period. CoreCap Advisors LLC's holdings in Lam Research were worth $4,409,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LRCX. World Equity Group Inc. lifted its position in shares of 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 purchasing an additional 29 shares in the last quarter. Vann Equity Management LLC grew its holdings in shares of Lam Research by 1.1% in the third quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company's stock valued at $944,000 after purchasing an additional 31 shares in the last quarter. Tenzing Financial LLC grew its holdings in shares of Lam Research by 3.5% in the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock valued at $441,000 after purchasing an additional 34 shares in the last quarter. Advus Financial Partners LLC increased its stake in Lam Research by 1.0% during the 2nd quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company's stock worth $1,550,000 after buying an additional 34 shares during the period. Finally, Paragon Private Wealth Management LLC increased its position in shares of Lam Research by 1.3% during the second 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 period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of the business's stock in a transaction on Monday, August 31st. The shares were 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 approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the company's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,839 shares of company stock worth $10,644,740 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Performance

Shares of LRCX opened at $320.59 on Friday. The company's 50 day simple moving average is $310.47 and its 200-day simple moving average is $305.77. The firm has a market cap of $401.19 billion, a PE ratio of 55.66, a price-to-earnings-growth ratio of 1.31 and a beta of 1.85. Lam Research Corporation has a 12-month low of $131.02 and a 12-month high of $438.50. 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 results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating 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 firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. Lam Research's revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities analysts predict that Lam Research Corporation will post 9.34 EPS for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a $0.33 dividend. 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 an increase from Lam Research's previous quarterly dividend of $0.26. Lam Research's payout ratio is 22.92%.

Lam Research News Summary

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

• Positive Sentiment: Lam Research remains a major beneficiary of AI-related chip investment, including demand for advanced packaging, high-bandwidth memory and semiconductor manufacturing equipment. The stock has gained approximately 73% year to date and was identified as one of the leading return-on-equity stocks. Is Lam Research a Smart AI Stock Pick?
• Positive Sentiment: Recent investment commentary highlighted Lam alongside NVIDIA, Applied Materials and TSMC as companies with dependable earnings and durable growth prospects from the AI semiconductor cycle. Top Chip Stocks to Ride the AI Boom
• Positive Sentiment: Lam’s latest reported quarter showed strong execution: earnings per share and revenue exceeded consensus estimates, with revenue up 30% year over year. Management also provided quarterly EPS guidance of $2.00 to $2.30, supporting the growth narrative.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Barclays restated an "overweight" rating and set a $335.00 price target (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. TD Cowen reiterated a "buy" rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Bank of America lifted their price target on shares of Lam Research from $330.00 to $480.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Citigroup reiterated a "buy" rating and set a $450.00 price target (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Finally, Susquehanna reissued a "positive" rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $364.59.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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.