Conning Inc. trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 21.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,865 shares of the semiconductor company’s stock after selling 7,158 shares during the quarter. Conning Inc.’s holdings in Lam Research were worth $5,740,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Valued Wealth Advisors LLC boosted its holdings in shares of Lam Research by 7.9% in the first quarter. Valued Wealth Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 43 shares during the period. Greenup Street Wealth Management LLC lifted its position in Lam Research by 1.8% in the 1st quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock valued at $520,000 after acquiring an additional 44 shares in the last quarter. Triumph Capital Management lifted its position in Lam Research by 22.5% in the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 45 shares in the last quarter. Traphagen Investment Advisors LLC boosted its stake in Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after purchasing an additional 46 shares during the period. Finally, Simplify Asset Management Inc. increased its holdings in Lam Research by 3.2% during the 1st quarter. Simplify Asset Management Inc. now owns 1,526 shares of the semiconductor company’s stock worth $326,000 after purchasing an additional 48 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Lam Research
In related news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares in the company, 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 SEC, which is accessible 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 business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 86,339 shares of company stock worth $27,680,267 in the last ninety days. Insiders own 0.31% of the company’s stock.
Key Stories Impacting Lam Research
- Positive Sentiment: Mizuho raised its price target on Lam Research to $400 from $380 and kept an outperform rating, adding to the bullish analyst momentum around the stock.
- Positive Sentiment: Stifel Nicolaus boosted its target to $425 from $325 and reiterated a buy rating, citing above-consensus estimates and suggesting further upside for LRCX.
- Positive Sentiment: Needham also increased its target to $390 from $300 and maintained a buy rating, reinforcing the view that Lam Research is well positioned to benefit from AI-driven chip demand.
- Positive Sentiment: Additional coverage highlighted Lam Research as a beneficiary of broader AI infrastructure spending and possible easing of China-related chip restrictions, which could improve sentiment across semiconductor equipment names. Does AI Rebound and China Chip Access Shift Change The Bull Case For Lam Research (LRCX)?
- Neutral Sentiment: Lam Research announced that it will host its June quarter financial conference call and webcast on July 29, giving investors a near-term catalyst to watch.
- Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be a factor driving the move.
Lam Research Stock Down 0.8%
NASDAQ:LRCX opened at $350.33 on Friday. Lam Research Corporation has a twelve month low of $90.93 and a twelve month high of $438.50. The firm has a market capitalization of $438.11 billion, a price-to-earnings ratio of 66.10, a price-to-earnings-growth ratio of 2.09 and a beta of 1.80. 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 stock’s 50 day moving average price is $334.89 and its two-hundred day moving average price is $263.61.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s revenue was up 23.8% on a year-over-year basis. During the same period last year, the business earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts expect that Lam Research Corporation will post 5.68 earnings per share 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 dividend of $0.26 per share. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s payout ratio is currently 19.62%.
Analysts Set New Price Targets
A number of brokerages have recently commented on LRCX. Jefferies Financial Group boosted their price target on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. HSBC boosted their target price on Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a research note on Friday, April 24th. Stifel Nicolaus raised their price target on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Twenty-eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $350.81.
Get Our Latest Stock Report on LRCX
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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