Lam Research Corporation $LRCX Shares Sold by Watershed Private Wealth LLC

Key Points

• Watershed Private Wealth LLC cut its Lam Research stake by 65.2% in the second quarter, selling 3,674 shares and retaining 1,962 shares valued at approximately $850,000. Institutional investors collectively own 84.61% of LRCX.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $358.47; ratings include 26 Buys, five Holds and one Strong Buy.
• Lam Research recently exceeded quarterly expectations, reporting $1.82 in adjusted EPS and $6.72 billion in revenue, up 30% year over year. Shares opened at $343.84, while the company continues paying a quarterly dividend of $0.26.

Watershed Private Wealth LLC lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 65.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,962 shares of the semiconductor company's stock after selling 3,674 shares during the quarter. Watershed Private Wealth LLC's holdings in Lam Research were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in LRCX. Fideuram Asset Management Ireland dac acquired a new stake in shares of Lam Research in the fourth quarter worth approximately $10,035,000. Generali Investments Management Co LLC increased its position in Lam Research by 62.0% during the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company's stock worth $6,209,000 after purchasing an additional 13,878 shares during the last quarter. Rokos Capital Management LLP increased its position in Lam Research by 42.0% during the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock worth $55,532,000 after purchasing an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in Lam Research during the first quarter worth approximately $59,973,000. Finally, Krilogy Financial LLC raised its stake in Lam Research by 19.5% during the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company's stock worth $6,006,000 after purchasing an additional 4,584 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

LRCX has been the subject of several research reports. HSBC reissued a "hold" rating and set a $333.00 price objective on shares of Lam Research in a research note on Monday, July 27th. B. Riley Financial reduced their target price on Lam Research from $385.00 to $350.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. The Goldman Sachs Group reissued a "buy" rating and set a $290.00 price target on shares of Lam Research in a research report on Thursday, April 23rd. JPMorgan Chase & Co. upped their price target on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, April 23rd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and a consensus target price of $358.47.

Lam Research Stock Performance

Shares of LRCX stock opened at $343.84 on Tuesday. 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 company has a market cap of $430.25 billion, a PE ratio of 59.69, a P/E/G ratio of 1.32 and a beta of 1.84. The company's fifty day simple moving average is $339.85 and its 200-day simple moving average is $284.31. Lam Research Corporation has a 52 week low of $94.11 and a 52 week 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 anticipate that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were paid a $0.26 dividend. The ex-dividend date was 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 18.06%.

Insider Activity

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the company'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 completion of the transaction, the director owned 87,142 shares in the company, valued at $29,192,570. This represents a 17.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares of the company's stock, valued at $69,881,114. This trade represents a 21.48% decrease in their position. 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. Over the last quarter, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is currently owned by corporate insiders.

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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