Lam Research Corporation $LRCX Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Key Points

• Pinnacle Wealth Management Advisory Group reduced its Lam Research stake by 11.4% in the first quarter, selling 3,393 shares and leaving it with 26,467 shares worth about $5.7 million.
• Lam Research posted better-than-expected Q1 earnings, reporting $1.47 per share on revenue of $5.84 billion, while revenue jumped 23.8% year over year. The company also guided Q4 2026 EPS at 1.50 to 1.80.
• Analysts remain broadly positive on the stock, with firms including Wells Fargo, UBS, and JPMorgan raising targets or reiterating bullish ratings. The consensus view remains Moderate Buy with an average price target of about $334.43.

Pinnacle Wealth Management Advisory Group LLC lessened its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 11.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,467 shares of the semiconductor company's stock after selling 3,393 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC's holdings in Lam Research were worth $5,655,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new stake in Lam Research during the 4th quarter worth $3,645,427,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company's stock worth $2,344,347,000 after buying an additional 10,666,540 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lam Research by 781.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock worth $1,518,542,000 after buying an additional 10,053,978 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Lam Research by 57.0% in the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company's stock valued at $1,730,724,000 after buying an additional 3,671,073 shares during the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Lam Research by 235.5% in the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company's stock valued at $890,040,000 after buying an additional 3,649,553 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Wells Fargo raised its price target on Lam Research to $450 from $365 and kept an Overweight rating, signaling continued confidence in the company’s growth outlook and semiconductor capital equipment demand. Wells Fargo Raises its Price Target on Lam Research (LRCX)
• Positive Sentiment: Lam Research was highlighted by Zacks as a stock to watch, citing earnings growth and price strength, which may reinforce investor optimism around the stock’s momentum. Earnings Growth & Price Strength Make Lam Research (LRCX) a Stock to Watch
• Positive Sentiment: Micron’s strong earnings and upbeat memory-chip outlook lifted chip stocks broadly, while Lam Research gained attention for opening a Boise office to get closer to Micron’s memory expansion plans, underscoring its exposure to a key growth customer. Lam Research (LRCX) Opens Boise Office To Get Closer To Micron’s Memory Expansion
• Positive Sentiment: Lam Research was among the after-hours gainers alongside other semiconductor names, reflecting broader enthusiasm for AI chip stocks and improving sentiment across the sector. Top After-Hours Gainers Today Beyond Micron: QCOM, AMAT, LRCX Surge
• Neutral Sentiment: Brokerage data showed Lam Research with an average “Moderate Buy” recommendation, which supports a constructive but not especially new fundamental outlook. Lam Research Corporation NASDAQ: LRCX Receives Average Recommendation of "Moderate Buy" from Brokerages
• Neutral Sentiment: A report on short interest noted no meaningful short-interest build, so it does not appear to be a major driver for the stock.

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 6,010 shares of the company's stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Neil J. Fernandes sold 18,170 shares of the company's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. This trade represents a 21.55% 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. In the last quarter, insiders sold 86,339 shares of company stock valued at $27,680,267. Company insiders own 0.31% of the company's stock.

Lam Research Stock Down 5.7%

Shares of LRCX opened at $379.09 on Friday. The company's 50-day moving average price is $313.90 and its 200 day moving average price is $249.58. Lam Research Corporation has a 12-month low of $90.93 and a 12-month high of $409.75. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm has a market cap of $474.08 billion, a P/E ratio of 71.53, a price-to-earnings-growth ratio of 3.31 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the firm posted $1.04 earnings per share. Lam Research's revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts forecast that Lam Research Corporation will post 5.7 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research's dividend payout ratio (DPR) is presently 19.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group restated a "buy" rating and set a $375.00 price target (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Wall Street Zen cut shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. Seaport Research Partners assumed coverage on shares of Lam Research in a report on Monday, May 4th. They issued a "buy" rating and a $300.00 price objective for the company. Evercore raised their target price on shares of Lam Research from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. boosted their target price on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $334.43.

Lam Research Company 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.

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