Sequoia Financial Advisors LLC Sells 3,252 Shares of Lam Research Corporation $LRCX

Key Points

• Sequoia Financial Advisors reduced its Lam Research position by 4.6%, selling 3,252 shares and retaining 67,276 shares valued at approximately $29.2 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported stronger-than-expected quarterly results, with EPS of $1.82 versus the $1.69 estimate and revenue of $6.72 billion, up 30% year over year. The company also raised its quarterly dividend to $0.33 per share.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $361.81 versus the reported share price of $315.84. However, the stock’s elevated valuation and substantial recent gains could increase its vulnerability to profit-taking.

Sequoia Financial Advisors LLC trimmed its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,276 shares of the semiconductor company's stock after selling 3,252 shares during the period. Sequoia Financial Advisors LLC's holdings in Lam Research were worth $29,153,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of LRCX. Fideuram Asset Management Ireland dac acquired a new stake in shares of Lam Research in the 4th quarter valued at about $10,035,000. Rokos Capital Management LLP boosted its position in shares of Lam Research by 42.0% during the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock worth $55,532,000 after buying an additional 76,840 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Lam Research during the first quarter worth about $59,973,000. Y Intercept Hong Kong Ltd bought a new position in shares of Lam Research during the first quarter worth about $26,489,000. Finally, Krilogy Financial LLC grew its holdings in shares of Lam Research by 19.5% during the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company's stock worth $6,006,000 after buying an additional 4,584 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $315.84 on Thursday. The stock has a market capitalization of $395.22 billion, a PE ratio of 54.83, a P/E/G ratio of 1.27 and a beta of 1.85. Lam Research Corporation has a 1-year low of $104.61 and a 1-year high of $438.50. The firm has a fifty day simple moving average of $315.51 and a 200 day simple moving average of $293.41. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. The firm 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 company's quarterly 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 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts expect that Lam Research Corporation will post 9.33 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Lam Research's previous quarterly dividend of $0.26. Lam Research's payout ratio is currently 18.06%.

Insider Transactions at Lam Research

In related news, Director Abhijit Talwalkar sold 18,282 shares of the firm's stock in a transaction dated 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 completion of the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider owned 42,462 shares of the company's stock, valued at $12,843,056.52. The trade was a 10.53% 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. 0.31% of the stock is currently owned by corporate insiders.

Lam Research News Summary

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

• Positive Sentiment: Analyst sentiment remains favorable, with Wall Street maintaining a consensus “Moderate Buy” view. Recent coverage also highlights Lam Research’s exposure to artificial intelligence, high-bandwidth memory and advanced DRAM investment, which could support demand for its semiconductor-manufacturing equipment. Consensus rating article Lam Research momentum article
• Positive Sentiment: Lam’s latest quarterly results exceeded expectations, with earnings per share of $1.82 versus the $1.69 consensus and revenue of $6.72 billion versus $6.66 billion. Revenue increased 30% year over year, and management’s next-quarter earnings guidance points to continued growth. These results underpin the long-term bullish case. Three reasons investors favor Lam Research
• Neutral Sentiment: Lam Research presented at Citi’s 2026 Global TMT Conference. The event could provide additional commentary on customer spending, AI-related demand and industry trends, but the supplied report does not identify a material new forecast or announcement. Citi conference transcript
• Negative Sentiment: The stock’s recent rise—nearly tripling over the past year and gaining about 45% in six months—has left investors vulnerable to profit-taking. With a high earnings multiple, even a normal market pullback or weaker risk appetite can pressure LRCX despite strong operating results. Lam Research larger market drop
• Negative Sentiment: Several articles describe clinical studies involving imaging, MRI or compression therapy. These items appear to be incorrectly associated with Lam Research and do not represent developments in the semiconductor-equipment company; investors should disregard them when assessing LRCX.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of recent research reports. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the company an "overweight" rating in a research report on Monday, June 29th. Evercore reaffirmed an "outperform" rating and set a $355.00 price target on shares of Lam Research in a research note on Monday, July 20th. Mizuho lowered their price objective on shares of Lam Research from $370.00 to $365.00 and set an "outperform" rating on the stock in a report on Tuesday, August 25th. Barclays restated an "overweight" rating and set a $335.00 target price (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Finally, Berenberg Bank set a $420.00 target price on shares of Lam Research in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $361.81.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.

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