Lam Research Corporation $LRCX Shares Sold by Legacy Wealth Asset Management LLC

Posted by Brenda Bartman on Aug 10th, 2026

Legacy Wealth Asset Management LLC lowered its holdings in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 17.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,934 shares of the semiconductor company’s stock after selling 3,081 shares during the quarter. Lam Research accounts for 1.4% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 8th largest holding. Legacy Wealth Asset Management LLC’s holdings in Lam Research were worth $6,471,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LRCX. Cedar Mountain Advisors LLC increased its position in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in Lam Research in the 1st quarter valued at about $26,000. Bayban acquired a new position in Lam Research in the fourth quarter valued at about $26,000. Mcguire Capital Advisors Inc. acquired a new position in Lam Research in the fourth quarter valued at about $27,000. Finally, Core Wealth Advisors LLC purchased a new position in Lam Research during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, Director Eric Brandt sold 54,500 shares of the business’s 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 directly owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following 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. Insiders have sold a total of 80,441 shares of company stock worth $27,614,296 in the last quarter. 0.31% of the stock is owned by company insiders.

Lam Research Price Performance

Lam Research stock opened at $311.35 on Monday. 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 52-week low of $94.11 and a 52-week high of $438.50. The firm has a market cap of $389.36 billion, a PE ratio of 54.05, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. The company’s 50 day moving average is $339.89 and its two-hundred day moving average is $280.04.

Lam Research (NASDAQ:LRCX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. 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 9.24 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders 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 18.06%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday. Mizuho lifted their target price on shares of Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a report on Thursday, July 9th. Raymond James Financial set a $425.00 target price on Lam Research in a research report on Wednesday, June 10th. Finally, HSBC restated a “hold” rating and set a $333.00 price target on shares of Lam Research in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $358.47.

View Our Latest Stock Analysis on Lam Research

Lam Research Company Profile

(Free Report)

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.