ORBA Wealth Advisors L.L.C. Sells 5,000 Shares of Lam Research Corporation $LRCX

Key Points

• ORBA Wealth Advisors cut its Lam Research stake by 49.5% in the second quarter, selling 5,000 shares and retaining 5,105 shares valued at approximately $2.21 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported quarterly EPS of $1.82, beating estimates of $1.69, while revenue reached $6.72 billion and rose 30% year over year. The company guided for fiscal Q1 2027 EPS of $2.00–$2.30.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $358.47, although company directors sold a combined 72,782 shares under pre-arranged trading plans during the period discussed.

ORBA Wealth Advisors L.L.C. decreased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 49.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,105 shares of the semiconductor company's stock after selling 5,000 shares during the quarter. Lam Research comprises about 1.9% of ORBA Wealth Advisors L.L.C.'s investment portfolio, making the stock its 18th biggest holding. ORBA Wealth Advisors L.L.C.'s holdings in Lam Research were worth $2,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. World Equity Group Inc. increased its holdings in shares of Lam Research by 0.5% during the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company's stock valued at $2,416,000 after acquiring an additional 29 shares in the last quarter. Tenzing Financial LLC boosted its stake in Lam Research by 3.5% in the 2nd quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock worth $441,000 after purchasing an additional 34 shares in the last quarter. Gibraltar Capital Management Inc. grew its position in Lam Research by 3.6% during the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company's stock valued at $455,000 after purchasing an additional 36 shares during the last quarter. Elevated Financial Group LLC grew its position in Lam Research by 3.0% during the 2nd quarter. Elevated Financial Group LLC now owns 1,223 shares of the semiconductor company's stock valued at $530,000 after purchasing an additional 36 shares during the last quarter. Finally, Yoder Wealth Management Inc. grew its position in Lam Research by 3.3% during the 2nd quarter. Yoder Wealth Management Inc. now owns 1,129 shares of the semiconductor company's stock valued at $489,000 after purchasing an additional 36 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, 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 of the company's stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares of the company's stock, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by corporate insiders.

Lam Research Price Performance

NASDAQ LRCX opened at $314.00 on Friday. Lam Research Corporation has a fifty-two week low of $94.11 and a fifty-two week high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The company has a market capitalization of $392.91 billion, a PE ratio of 54.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. The business's fifty day moving average is $337.47 and its 200 day moving average is $286.09.

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

Wall Street Analyst Weigh In

LRCX has been the subject of several recent analyst reports. HSBC reaffirmed a "hold" rating and issued a $333.00 target price on shares of Lam Research in a report on Monday, July 27th. Mizuho increased their price target on shares of Lam Research from $380.00 to $400.00 and gave the company an "outperform" rating in a report on Thursday, July 9th. Rothschild & Co Redburn raised their price target on shares of Lam Research from $305.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 17th. B. Riley Financial decreased their price objective on shares of Lam Research from $385.00 to $350.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Stifel Nicolaus upped their price target on Lam Research from $325.00 to $425.00 and gave the company a "buy" rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $358.47.

Lam Research 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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