Wealthcare Advisory Partners LLC Sells 38,231 Shares of Lam Research Corporation $LRCX

Key Points

• Wealthcare Advisory Partners cut its Lam Research position by 91.5% in the second quarter, selling 38,231 shares and retaining 3,544 shares valued at approximately $1.54 million. Institutional investors and hedge funds still own 84.61% of LRCX.
• Lam Research reported strong quarterly results, with revenue rising 30% year over year to $6.72 billion and EPS of $1.82, exceeding analyst expectations. The company also plans to invest more than $3 billion in global R&D facilities over five years to support advanced-chip and AI-related equipment development.
• Analysts maintain a broadly favorable view, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $358.47. However, insider selling and warnings that the semiconductor cycle may be nearing a peak present potential risks to the company’s valuation and future demand.

Wealthcare Advisory Partners LLC lessened its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 91.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,544 shares of the semiconductor company's stock after selling 38,231 shares during the period. Wealthcare Advisory Partners LLC's holdings in Lam Research were worth $1,536,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Paladin Wealth LLC increased its position in shares of Lam Research by 3.1% in the 2nd quarter. Paladin Wealth LLC now owns 3,682 shares of the semiconductor company's stock valued at $1,595,000 after buying an additional 109 shares in the last quarter. Kraft Davis & Associates LLC grew its stake in Lam Research by 10.6% in the second quarter. Kraft Davis & Associates LLC now owns 1,781 shares of the semiconductor company's stock valued at $772,000 after acquiring an additional 170 shares during the period. Shrier Wealth Management LLC bought a new stake in shares of Lam Research in the second quarter worth about $275,000. Revolve Wealth Partners LLC increased its holdings in shares of Lam Research by 10.9% in the second quarter. Revolve Wealth Partners LLC now owns 2,140 shares of the semiconductor company's stock worth $927,000 after acquiring an additional 210 shares in the last quarter. Finally, Tenzing Financial LLC raised its position in shares of Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock worth $441,000 after purchasing an additional 34 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam Research plans to invest more than $3 billion over the next five years to expand its global research and development laboratory network. The expansion is expected to increase experiment capacity by more than 50%, potentially accelerating new equipment development for advanced chip architectures, materials and AI-related applications. Chip equipment maker Lam Research to invest more than $3 billion to expand R&D labs
• Positive Sentiment: Semiconductor equipment stocks, including LRCX, benefited from SanDisk’s bullish multiyear financial targets. The outlook raised expectations for stronger memory-industry capital spending through 2030, which could support demand for Lam’s deposition and etch equipment. Lam Research, Applied Materials, and Camtek Rise After SanDisk Issues Bullish Financial Targets
• Positive Sentiment: Analysts continued to maintain Buy ratings, while Erste Group Bank expects increased earnings for Lam Research. The company’s most recent quarterly results also exceeded expectations, with revenue up 30% year over year and earnings above consensus, reinforcing the favorable earnings outlook.
• Positive Sentiment: Lam Research also announced a workforce-development partnership with NY Creates that could train approximately 3,500 semiconductor students over five years. Although not an immediate revenue driver, the initiative may help address industry talent shortages and support future growth. Lam Research and NY Creates Team Up to Enable Training of University Students for the Semiconductor Workforce
• Neutral Sentiment: Investors continue directing substantial funds into semiconductor ETFs, supporting sector momentum and demand for chip-equipment shares. However, the strong flows also indicate a crowded, momentum-driven trade.
• Negative Sentiment: Fidelity’s Jurrien Timmer warned that the semiconductor cycle could be nearing a peak. That caution presents a risk to Lam’s valuation and future equipment demand if AI-related and memory capital spending slows.

Insider Buying and Selling

In related news, Director Eric Brandt sold 54,500 shares of the firm's stock in a transaction on 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 transaction, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 insiders.

Lam Research Stock Up 3.3%

NASDAQ:LRCX opened at $337.01 on Friday. The stock has a 50-day simple moving average of $338.88 and a 200 day simple moving average of $282.80. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50. The company has a market cap of $421.71 billion, a PE ratio of 58.51, a PEG ratio of 1.29 and a beta of 1.84. 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 released its 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 firm had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business's quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's dividend payout ratio is presently 18.06%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Lam Research from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Wells Fargo & Company restated an "overweight" rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. Oppenheimer reaffirmed an "outperform" rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Berenberg Bank upped their price target on shares of Lam Research from $265.00 to $335.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Finally, Sanford C. Bernstein increased their price objective on shares of Lam Research from $325.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. One 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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