Lam Research Corporation $LRCX Shares Sold by Cypress Capital LLC

Key Points

• Cypress Capital LLC reduced its Lam Research stake by 35.1% in the second quarter, selling 5,129 shares and retaining 9,488 shares valued at approximately $4.1 million. Institutional investors collectively own 84.61% of LRCX.
• Analyst sentiment remains favorable, with one Strong Buy, 26 Buy and five Hold ratings; the consensus rating is Moderate Buy with an average price target of $358.47.
• Lam Research exceeded quarterly expectations with $1.82 in EPS and $6.72 billion in revenue, up 30% year over year. The company also declared a $0.26 quarterly dividend, while insiders sold more than $27.6 million of stock over the past 90 days.

Cypress Capital LLC trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 35.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,488 shares of the semiconductor company's stock after selling 5,129 shares during the quarter. Lam Research makes up approximately 1.1% of Cypress Capital LLC's investment portfolio, making the stock its 15th largest position. Cypress Capital LLC's holdings in Lam Research were worth $4,111,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LRCX. Bayban purchased a new stake in Lam Research in the 4th quarter worth $26,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research in the first quarter valued at about $26,000. Cedar Mountain Advisors LLC increased its stake in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 85 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research during the 4th quarter worth about $27,000. Finally, Triumph Capital Management purchased a new position in Lam Research in the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on LRCX shares. Mizuho boosted their price objective on Lam Research from $380.00 to $400.00 and gave the stock an "outperform" rating in a research note on Thursday, July 9th. Jefferies Financial Group set a $335.00 target price on Lam Research and gave the company a "buy" rating in a research report on Thursday, July 30th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $290.00 price target on shares of Lam Research in a research note on Thursday, April 23rd. Barclays reiterated an "overweight" rating and set a $335.00 price target (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. Finally, Oppenheimer reissued an "outperform" rating and issued a $400.00 price objective (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $358.47.

Lam Research Price Performance

Lam Research stock opened at $332.36 on Monday. Lam Research Corporation has a 12-month low of $94.11 and a 12-month high of $438.50. The stock has a market cap of $415.89 billion, a P/E ratio of 57.70, a PEG ratio of 1.32 and a beta of 1.84. The company has a 50-day moving average price of $339.46 and a 200 day moving average price of $283.57. 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 issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 9.32 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research's payout ratio is presently 18.06%.

Insider Activity

In related news, Director Eric Brandt sold 54,500 shares of the company's stock in a transaction that occurred on 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 transaction, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares of the company's stock, valued at $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is currently owned by company insiders.

Key Lam Research News

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

• Positive Sentiment: Lam Research plans to increase R&D experiment capacity by more than 50% across facilities in the United States, Asia and Europe. Management says the investment should accelerate product development and help customers address increasingly complex AI-chip architectures, materials and nanoscale manufacturing requirements. Reuters article
• Positive Sentiment: Investors are viewing Lam’s expertise in etching, including next-generation atomic-layer etching, as a potentially valuable competitive advantage as AI-driven semiconductor production requires greater manufacturing precision. The company’s recent rebound has renewed optimism that its technology could benefit from a longer-term equipment upcycle. 247WallSt article
• Positive Sentiment: SanDisk’s bullish multiyear financial targets have strengthened expectations for memory-industry capital spending through 2030, supporting demand prospects for semiconductor equipment suppliers such as Lam Research. SanDisk financial targets article
• Neutral Sentiment: Polen Capital identified LRCX as a top performer in its Focus Growth portfolio, while Zacks continues to highlight the stock’s long-term earnings outlook. These endorsements may support sentiment but do not represent new company guidance or guaranteed returns. Polen Capital article
• Negative Sentiment: The R&D expansion requires substantial spending over several years, creating execution and return-on-investment risks. Lam also trades at a relatively elevated valuation after a sharp recovery, leaving the stock vulnerable to profit-taking and concerns that the semiconductor cycle may be approaching a peak.

Lam Research Profile

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source