Worth Asset Management LLC Sells 6,379 Shares of Lam Research Corporation $LRCX

Key Points

• Worth Asset Management cut its Lam Research stake by 66.2% in the second quarter, selling 6,379 shares and retaining 3,253 shares valued at approximately $1.41 million. Institutional investors collectively own 84.61% of the company.
• Lam Research reported quarterly EPS of $1.82, exceeding the $1.69 consensus estimate, while revenue rose 30% year over year to $6.72 billion. The company issued quarterly guidance of $2.00–$2.30 EPS for Q1 2027.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and an average price target of $358.47; the stock recently traded at $311.35. Insiders sold 80,441 shares worth approximately $27.6 million during the latest quarter.

Worth Asset Management LLC lessened its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 66.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,253 shares of the semiconductor company's stock after selling 6,379 shares during the quarter. Worth Asset Management LLC's holdings in Lam Research were worth $1,410,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after acquiring an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new stake in Lam Research during the first quarter worth $239,000. Gabelli Funds LLC bought a new stake in Lam Research during the second quarter worth $253,000. NewEdge Advisors LLC boosted its holdings in shares of Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock valued at $9,785,000 after purchasing an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its holdings in shares of Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock valued at $77,000 after purchasing an additional 781 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 1.8%

NASDAQ LRCX opened at $311.35 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50. The company has a market cap of $389.36 billion, a price-to-earnings ratio of 54.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. The business's fifty day moving average is $339.89 and its 200 day moving average is $279.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during 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 revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 9.24 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research's dividend payout ratio is currently 18.06%.

Insider Activity

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director directly owned 199,205 shares of the company's stock, valued at $69,881,114. The trade was a 21.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president owned 58,470 shares of the company's stock, valued at approximately $18,102,312. This trade represents a 11.58% 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 valued at $27,614,296 over the last quarter. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. The Goldman Sachs Group reissued a "buy" rating and set a $290.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Sanford C. Bernstein raised their price objective on Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Zacks Research raised Lam Research from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. Royal Bank Of Canada lifted their target price on Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. 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 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's stock. According to MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $358.47.

Lam Research 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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