Prevail Innovative Wealth Advisors LLC Trims Stake in Lam Research Corporation $LRCX

Key Points

• Prevail Innovative Wealth Advisors cut its Lam Research stake by 98.3% in the second quarter, selling 33,232 shares and retaining 585 shares valued at approximately $253,000. Institutional investors and hedge funds collectively own 84.61% of LRCX.
• Lam Research exceeded quarterly expectations, reporting $1.82 in earnings per share on $6.72 billion in revenue, with revenue rising 30% year over year. The company guided for fiscal Q1 2027 EPS of $2.00–$2.30.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $358.47. LRCX opened at $343.84, while insiders sold $27.6 million worth of shares over the past 90 days.

Prevail Innovative Wealth Advisors LLC reduced its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 98.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 585 shares of the semiconductor company's stock after selling 33,232 shares during the period. Prevail Innovative Wealth Advisors LLC's holdings in Lam Research were worth $253,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP acquired a new position in Lam Research during the first quarter worth $239,000. Gabelli Funds LLC acquired a new position in Lam Research during the second quarter worth $253,000. NewEdge Advisors LLC boosted its position in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock worth $9,785,000 after buying an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. boosted its position in shares of Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock worth $77,000 after buying an additional 781 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on LRCX shares. HSBC reiterated a "hold" rating and issued a $333.00 price objective on shares of Lam Research in a report on Monday, July 27th. Wall Street Zen downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. Mizuho increased their price objective on Lam Research from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Rothschild & Co Redburn lifted their target price on Lam Research from $305.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 17th. Finally, Evercore reissued an "outperform" rating and set a $355.00 target price on shares of Lam Research in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $358.47.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $343.84 on Tuesday. The stock's 50-day simple moving average is $339.85 and its 200-day simple moving average is $284.31. The firm has a market capitalization of $430.25 billion, a PE ratio of 59.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.84. 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.

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. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities research analysts forecast 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 paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research's dividend payout ratio is currently 18.06%.

Insider Buying and Selling at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction 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 ownership of the stock. 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 dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value 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 approximately $69,881,114. This trade represents 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. Insiders sold 80,441 shares of company stock worth $27,614,296 over the last 90 days. Corporate insiders own 0.31% of the company's stock.

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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