Lam Research Corporation $LRCX Stock Holdings Lowered by Range Financial Group LLC

Key Points

• Range Financial Group LLC reduced its Lam Research stake by 15.8% in the second quarter, selling 4,097 shares and retaining 21,841 shares valued at approximately $9.46 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported quarterly earnings of $1.82 per share, beating estimates of $1.69, while revenue rose 30% year over year to $6.72 billion. The company also issued quarterly dividend payments equivalent to a 0.3% annual yield.
• Analysts remain broadly bullish, with 26 Buy ratings, one Strong Buy and five Holds, producing a “Moderate Buy” consensus and an average price target of $358.47. However, insiders sold more than $27.6 million of stock over the past 90 days.

Range Financial Group LLC cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 15.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 21,841 shares of the semiconductor company's stock after selling 4,097 shares during the period. Lam Research makes up approximately 2.6% of Range Financial Group LLC's holdings, making the stock its 6th largest holding. Range Financial Group LLC's holdings in Lam Research were worth $9,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Lam Research during the fourth quarter valued at approximately $3,645,427,000. Price T Rowe Associates Inc. MD lifted its position 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 purchasing an additional 10,666,540 shares in the last quarter. Franklin Resources Inc. boosted its stake 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 purchasing an additional 3,671,073 shares during the period. Corient Private Wealth LLC boosted its stake 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 purchasing an additional 3,649,553 shares during the period. Finally, J. Stern & Co. LLP grew its holdings in Lam Research by 3,826.9% during the 4th quarter. J. Stern & Co. LLP now owns 3,459,377 shares of the semiconductor company's stock valued at $592,176,000 after purchasing an additional 3,371,283 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 1.4%

LRCX opened at $332.36 on Friday. The stock has a market capitalization of $415.89 billion, a PE ratio of 57.70, a P/E/G ratio of 1.34 and a beta of 1.84. The firm's fifty day moving average price is $339.46 and its 200 day moving average price is $283.14. 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 Corporation has a 12-month low of $94.11 and a 12-month high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The firm 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%. The firm's revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, research analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research Announces Dividend

The business 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. 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 (DPR) is presently 18.06%.

Analyst Ratings Changes

LRCX has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $320.00 price target on shares of Lam Research in a research note on Thursday, July 30th. Needham & Company LLC reissued a "buy" rating and issued a $390.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Mizuho raised their target price on Lam Research from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Seaport Research Partners started coverage on Lam Research in a research report on Monday, May 4th. They set a "buy" rating and a $300.00 target price on the stock. Finally, Sanford C. Bernstein boosted their price target on Lam Research from $325.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. 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.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $358.47.

Insider Transactions at Lam Research

In other Lam Research 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 transaction of $19,118,600.00. Following the sale, the director owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company's stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% 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 90 days, insiders have sold 80,441 shares of company stock valued at $27,614,296. Insiders own 0.31% of the company's stock.

Key Stories Impacting Lam Research

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 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.

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