Patriot Financial Group Insurance Agency LLC Sells 24,492 Shares of Lam Research Corporation $LRCX

Key Points

• Patriot Financial Group cut its Lam Research stake by 53.7%, selling 24,492 shares and retaining 21,122 shares valued at about $9.15 million. Institutional investors still own 84.61% of LRCX, while insiders sold roughly $27.6 million of stock during the latest quarter.
• Lam Research reported strong quarterly results, with revenue up 30% year over year to $6.72 billion and EPS of $1.82, beating expectations. The company is also expanding R&D capacity by more than 50% to support AI-chip and advanced semiconductor manufacturing demand.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $358.47 price target, but the stock’s elevated valuation and recent sharp recovery increase profit-taking and semiconductor-cycle risks.

Patriot Financial Group Insurance Agency LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 53.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 21,122 shares of the semiconductor company's stock after selling 24,492 shares during the period. Lam Research makes up 0.9% of Patriot Financial Group Insurance Agency LLC's investment portfolio, making the stock its 23rd biggest holding. Patriot Financial Group Insurance Agency LLC's holdings in Lam Research were worth $9,150,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LRCX. Riversedge Advisors LLC grew its position in Lam Research by 11.6% during the second quarter. Riversedge Advisors LLC now owns 3,071 shares of the semiconductor company's stock worth $1,331,000 after buying an additional 319 shares in the last quarter. Stone Wealth Partners lifted its position in shares of Lam Research by 9.7% in the 2nd quarter. Stone Wealth Partners now owns 4,137 shares of the semiconductor company's stock worth $1,793,000 after acquiring an additional 366 shares during the period. Beacon Financial Group grew its holdings in shares of Lam Research by 5.3% during the 2nd quarter. Beacon Financial Group now owns 5,124 shares of the semiconductor company's stock worth $2,220,000 after purchasing an additional 260 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in shares of Lam Research during the 2nd quarter worth approximately $201,000. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Lam Research during the 2nd quarter worth approximately $392,000. Institutional investors own 84.61% of the company's stock.

Insider Activity

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business's stock in a transaction 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 approximately $29,192,570. The trade was a 17.34% decrease in their position. The sale 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 dated 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 completion of the sale, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 80,441 shares of company stock worth $27,614,296. Corporate insiders own 0.31% of the company's stock.

Lam Research News Roundup

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 Trading Down 1.4%

Shares of LRCX opened at $332.36 on Friday. 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 stock has a market cap of $415.89 billion, a PE ratio of 57.70, a PEG ratio of 1.32 and a beta of 1.84. Lam Research Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The stock has a 50 day simple moving average of $339.46 and a 200-day simple moving average of $283.14.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. Lam Research's quarterly 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. On average, sell-side analysts predict that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend 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 presently 18.06%.

Analysts Set New Price Targets

A number of brokerages recently commented on LRCX. Bank of America upped their target price on Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. BNP Paribas Exane lifted their price target on shares of Lam Research from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, April 23rd. Citigroup reissued a "buy" rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. JPMorgan Chase & Co. increased their price objective on shares of Lam Research from $300.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus raised their price objective on shares of Lam Research from $325.00 to $425.00 and gave the stock a "buy" rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $358.47.

About Lam Research

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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