Lam Research Corporation $LRCX Shares Sold by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors reduced its Lam Research stake by 5.2%, selling 19,914 shares and retaining 359,468 shares valued at approximately $118.2 million. Institutional investors and hedge funds collectively own 84.61% of LRCX.
• Lam Research reported quarterly EPS of $1.82 and revenue of $6.72 billion, exceeding estimates, while revenue grew 30% year over year. The company also increased its quarterly dividend to $0.33 per share, or $1.32 annually.
• LRCX shares opened at $263.45, down 3.2%, amid elevated valuation and investor concerns over semiconductor-equipment spending. Analysts maintain a “Moderate Buy” consensus with an average price target of $365.07, while recent insider activity has consisted of stock sales.

Nisa Investment Advisors LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 359,468 shares of the semiconductor company's stock after selling 19,914 shares during the period. Lam Research comprises 0.3% of Nisa Investment Advisors LLC's portfolio, making the stock its 24th biggest holding. Nisa Investment Advisors LLC's holdings in Lam Research were worth $118,209,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LRCX. World Equity Group Inc. grew its stake in shares of Lam Research by 0.5% in the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company's stock valued at $2,416,000 after purchasing an additional 29 shares during the period. Vann Equity Management LLC raised its holdings in shares of Lam Research by 1.1% in the 3rd quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company's stock worth $944,000 after buying an additional 31 shares in the last quarter. Tenzing Financial LLC lifted its position in shares of Lam Research by 3.5% during the 2nd quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock worth $441,000 after buying an additional 34 shares during the period. Advus Financial Partners LLC lifted its position in shares of 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 lifted its position in shares of Lam Research by 1.3% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company's stock worth $1,178,000 after buying an additional 35 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Lam Research

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the sale, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the business's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider directly owned 42,462 shares of the company's stock, valued at approximately $12,843,056.52. This represents a 10.53% 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 own 0.31% of the company's stock.

Lam Research Stock Down 3.2%

NASDAQ LRCX opened at $263.45 on Wednesday. The stock's 50 day simple moving average is $307.38 and its 200 day simple moving average is $309.50. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50. The firm has a market cap of $329.69 billion, a PE ratio of 45.74, a price-to-earnings-growth ratio of 1.08 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The business's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts forecast that Lam Research Corporation will post 9.35 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 23rd. Lam Research's dividend payout ratio is 22.92%.

Lam Research News Roundup

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

• Positive Sentiment: Analysts at Zacks said Lam Research has a strong history of earnings surprises and currently has the key indicators that could support another quarterly beat. The company previously reported record quarterly revenue of $6.72 billion, up 30% year over year, and guided to approximately $8.10 billion in revenue and $2.15 in non-GAAP EPS for the September quarter. Why Lam Research Is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Longer-term demand remains tied to artificial-intelligence infrastructure, advanced memory, 5G and automotive chips. Lam’s customer-support and service revenue also provides some recurring business and may help moderate semiconductor-cycle volatility. The Bull Case for Lam Research
• Neutral Sentiment: Expectations are elevated after a roughly 53% year-to-date rally and strong prior results. Investors will focus on whether revenue growth, earnings and management’s outlook justify the stock’s premium valuation. Lam Research Nears Earnings After a 53% Year-to-Date Rally
• Negative Sentiment: Evercore lowered its price target before earnings, adding pressure to the shares and signaling that near-term upside expectations may have become too demanding. Lam Research Shares Fall as Evercore Cuts Target
• Negative Sentiment: Investors are also concerned that semiconductor capital spending in 2027 may not keep pace with the optimism surrounding the AI buildout. Weakness across chip-equipment stocks suggests the move is partly sector-driven rather than caused by a new company-specific announcement. Lam Research Slips Ahead of Earnings
• Negative Sentiment: Reported insider activity shows sales without purchases over the past six months, which may reinforce caution, although such transactions can reflect scheduled diversification rather than a direct view on the company’s prospects.

Wall Street Analyst Weigh In

Several analysts recently commented on LRCX shares. Weiss Ratings lowered Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, September 4th. Mizuho dropped their price objective on Lam Research from $370.00 to $365.00 and set an "outperform" rating for the company in a research note on Tuesday, August 25th. HSBC reissued a "hold" rating and set a $333.00 price objective on shares of Lam Research in a report on Monday, July 27th. Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the company an "overweight" rating in a report on Monday, June 29th. Finally, Stifel Nicolaus boosted their target price on shares of Lam Research from $325.00 to $425.00 and gave the company a "buy" rating in a research note on Friday, July 10th. One 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 MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $365.07.

Lam Research Company Profile

Lam Research Corporation NASDAQ: LRCX is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company's product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX - Free Report).

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.