Lam Research Corporation $LRCX Shares Sold by Insight Wealth Strategies LLC

Key Points

• Insight Wealth Strategies reduced its Lam Research stake by 12.1% in the second quarter, selling 8,362 shares and retaining 60,806 shares valued at approximately $26.3 million. Institutional investors still own 84.61% of LRCX.
• Lam Research reported quarterly revenue of $6.72 billion, up 30% year over year, while EPS of $1.82 exceeded analysts’ $1.69 estimate. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $358.47.
• Company insiders sold 80,441 shares worth approximately $27.6 million over the last quarter through pre-arranged Rule 10b5-1 plans, while the company continues to benefit from AI-related semiconductor demand and potential growth in panel-level packaging.

Insight Wealth Strategies LLC lowered its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 12.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,806 shares of the semiconductor company's stock after selling 8,362 shares during the period. Lam Research accounts for 2.6% of Insight Wealth Strategies LLC's investment portfolio, making the stock its 11th biggest position. Insight Wealth Strategies LLC's holdings in Lam Research were worth $26,349,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC grew its holdings 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 period. Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research in the first quarter worth approximately $26,000. Bayban purchased a new stake in Lam Research in the fourth quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. purchased a new stake in Lam Research in the fourth quarter valued at approximately $27,000. Finally, Core Wealth Advisors LLC purchased a new position in Lam Research during the fourth quarter worth approximately $29,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Erste Group Bank raised its fiscal 2027 EPS estimate for Lam Research to $9.27 from $8.05, above the broader consensus of approximately $9.24. The increase reflects improving confidence in the company’s earnings outlook.
• Positive Sentiment: Lam Research received a Zacks Rank #1, or “Strong Buy,” as analysts cited improving earnings prospects. The upgrade may reinforce investor optimism following the company’s recent quarterly beat, when revenue rose 30% year over year and EPS exceeded expectations. Lam Research Upgraded to Strong Buy
• Positive Sentiment: AI-driven chip demand continues to support Lam Research and other semiconductor-equipment suppliers. Strong results and expected growth have led some coverage to recommend buying and holding LRCX. AI-Led Semiconductor Equipment Stocks
• Positive Sentiment: Lam Research is entering panel-level packaging, a developing market driven by larger and more complex AI chips. If adoption accelerates, the initiative could create a new growth avenue beyond its core wafer-fabrication equipment business. Lam Research Enters Panel-Level Packaging
• Neutral Sentiment: Coverage highlighting five questions from Lam Research’s latest earnings call may provide investors with additional insight into demand, margins and the company’s outlook, but no specific new catalyst was disclosed.
• Neutral Sentiment: Reported short interest was listed as zero shares, unchanged from the prior period. Because the figure appears anomalous, it provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Lam Research disclosed risks associated with increasing reliance on AI tools, including possible operational disruptions, intellectual-property uncertainty and legal exposure. These issues could raise costs or create execution risks if not effectively managed. AI Reliance Risks for Lam Research
• Negative Sentiment: SpaceX’s planned Terrafab could eventually challenge the memory-chip dominance of Micron, SK Hynix and Samsung. The threat is primarily to memory manufacturers, but intensified competition could indirectly affect semiconductor-equipment demand and industry spending.

Insider Transactions at Lam Research

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

Lam Research Stock Performance

NASDAQ:LRCX opened at $311.41 on Wednesday. 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 firm has a market capitalization of $389.67 billion, a price-to-earnings ratio of 54.06, a PEG ratio of 1.22 and a beta of 1.84. The firm's fifty day simple moving average is $339.22 and its 200 day simple moving average is $281.21. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $6.66 billion. During the same period in the prior year, the company earned $1.33 EPS. The firm's revenue 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 research analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LRCX. Raymond James Financial set a $425.00 price target on shares of Lam Research in a report on Wednesday, June 10th. Barclays reiterated an "overweight" rating and issued a $335.00 target price (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. New Street Research upped their price target on Lam Research from $235.00 to $280.00 and gave the stock a "neutral" rating in a research note on Monday, April 27th. Berenberg Bank raised their price objective on Lam Research from $265.00 to $335.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Finally, HSBC reaffirmed a "hold" rating and issued a $333.00 price objective on shares of Lam Research in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.

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