Savant Capital LLC Lowers Position in Lam Research Corporation $LRCX

Key Points

• Savant Capital LLC reduced its Lam Research stake by 40.8% in the fourth quarter, while Lam Research remains heavily owned by institutions overall, with hedge funds and other investors holding 84.61% of shares.
• Insiders have also been selling: SVP Neil J. Fernandes and insider Ava Harter both trimmed positions recently, and insiders sold 120,066 shares worth about $28 million over the last three months.
• Lam Research reported better-than-expected quarterly results, with EPS of $1.47 and revenue of $5.84 billion, and analysts remain broadly positive with 27 Buy ratings and a consensus “Moderate Buy” target of $295.07.

Savant Capital LLC cut its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,009 shares of the semiconductor company's stock after selling 17,936 shares during the quarter. Savant Capital LLC's holdings in Lam Research were worth $4,452,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Traphagen Investment Advisors LLC lifted its stake in Lam Research by 2.4% in the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock worth $336,000 after acquiring an additional 46 shares during the period. Field & Main Bank lifted its stake in Lam Research by 1.1% in the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock worth $790,000 after acquiring an additional 50 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock worth $795,000 after acquiring an additional 51 shares during the period. Retirement Planning Group LLC lifted its stake in Lam Research by 2.9% in the fourth quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company's stock worth $314,000 after acquiring an additional 51 shares during the period. Finally, Plancorp LLC lifted its stake in Lam Research by 2.1% in the fourth quarter. Plancorp LLC now owns 2,518 shares of the semiconductor company's stock worth $431,000 after acquiring an additional 51 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lam Research

In related news, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares of the company's stock, valued at $16,872,153.06. This trade represents a 21.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the transaction, the insider directly owned 53,205 shares of the company's stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,066 shares of company stock valued at $27,953,242 in the last three months. 0.31% of the stock is owned by insiders.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam Research hit a new 12-month high, reinforcing strong momentum in the shares and signaling continued investor demand for semiconductor equipment stocks.
• Positive Sentiment: Mizuho Securities reiterated its Buy rating on Lam Research, which supports the stock’s bullish trading tone.
• Positive Sentiment: Options activity showed unusually heavy interest in Lam Research, with investors reportedly favoring short put positions, a sign some traders expect the stock to hold up or rise further.
• Positive Sentiment: Broader semiconductor commentary remained constructive, as Applied Materials’ CEO said AI-driven demand is creating the strongest period ever for the chip equipment industry, a favorable backdrop for Lam Research.
• Neutral Sentiment: Recent articles noted Lam Research’s strong technical run and high valuation, suggesting momentum is powerful but the stock may be vulnerable to volatility if expectations cool.
• Negative Sentiment: Some market commentary questioned whether the semiconductor rally is getting ahead of fundamentals, warning that chip stocks could face a pullback if the current “supercycle” narrative weakens.

Lam Research Stock Performance

Shares of Lam Research stock opened at $318.18 on Friday. The firm has a market capitalization of $397.91 billion, a P/E ratio of 60.03, a PEG ratio of 2.63 and a beta of 1.81. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average price of $263.88 and a 200 day moving average price of $220.80. Lam Research Corporation has a 52 week low of $79.49 and a 52 week high of $333.33.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research's revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts expect that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research's dividend payout ratio (DPR) is presently 19.62%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Citigroup reissued a "buy" rating and set a $315.00 price target (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. Seaport Research Partners assumed coverage on shares of Lam Research in a research report on Monday, May 4th. They set a "buy" rating and a $300.00 price target for the company. Erste Group Bank lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Wall Street Zen lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, Wells Fargo & Company increased their price target on shares of Lam Research from $290.00 to $320.00 and gave the company an "overweight" rating in a research report on Thursday, April 23rd. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $295.07.

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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