Lam Research Corporation $LRCX Holdings Lowered by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 15.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,495 shares of the semiconductor company’s stock after selling 41,813 shares during the quarter. Lam Research comprises approximately 1.6% of Wedge Capital Management L L P NC’s portfolio, making the stock its 3rd largest holding. Wedge Capital Management L L P NC’s holdings in Lam Research were worth $95,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in Lam Research in the fourth quarter valued at $10,035,000. Generali Investments Management Co LLC grew its holdings in shares of Lam Research by 62.0% during the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock worth $6,209,000 after buying an additional 13,878 shares during the last quarter. Rokos Capital Management LLP increased its position in Lam Research by 42.0% in the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock valued at $55,532,000 after acquiring an additional 76,840 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Lam Research during the 1st quarter worth approximately $59,973,000. Finally, Krilogy Financial LLC grew its stake in shares of Lam Research by 19.5% in the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after purchasing an additional 4,584 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $311.41 on Wednesday. The firm’s fifty day simple moving average is $339.22 and its 200-day simple moving average is $281.21. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock has a market cap of $389.67 billion, a PE ratio of 54.06, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. Lam Research Corporation has a fifty-two week low of $94.11 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating 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 firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the business earned $1.33 earnings per share. The business’s revenue for the quarter 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. Analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Insider Activity at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This 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 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 firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value 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 represents a 11.58% decrease in their position. 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 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the stock an “overweight” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. lifted their price objective on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Needham & Company LLC restated a “buy” rating and issued a $390.00 target price on shares of Lam Research in a research note on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 target price (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. Finally, Bank of America boosted their price target on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. One investment 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 stock. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $358.47.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Erste Group Bank raised its fiscal 2027 EPS estimate for Lam Research to $9.27 from $8.05, above the broader consensus of approximately $9.24. The increase reflects improving confidence in the company’s earnings outlook.
• Positive Sentiment: Lam Research received a Zacks Rank #1, or “Strong Buy,” as analysts cited improving earnings prospects. The upgrade may reinforce investor optimism following the company’s recent quarterly beat, when revenue rose 30% year over year and EPS exceeded expectations. Lam Research Upgraded to Strong Buy
• Positive Sentiment: AI-driven chip demand continues to support Lam Research and other semiconductor-equipment suppliers. Strong results and expected growth have led some coverage to recommend buying and holding LRCX. AI-Led Semiconductor Equipment Stocks
• Positive Sentiment: Lam Research is entering panel-level packaging, a developing market driven by larger and more complex AI chips. If adoption accelerates, the initiative could create a new growth avenue beyond its core wafer-fabrication equipment business. Lam Research Enters Panel-Level Packaging
• Neutral Sentiment: Coverage highlighting five questions from Lam Research’s latest earnings call may provide investors with additional insight into demand, margins and the company’s outlook, but no specific new catalyst was disclosed.
• Neutral Sentiment: Reported short interest was listed as zero shares, unchanged from the prior period. Because the figure appears anomalous, it provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Lam Research disclosed risks associated with increasing reliance on AI tools, including possible operational disruptions, intellectual-property uncertainty and legal exposure. These issues could raise costs or create execution risks if not effectively managed. AI Reliance Risks for Lam Research
• Negative Sentiment: SpaceX’s planned Terrafab could eventually challenge the memory-chip dominance of Micron, SK Hynix and Samsung. The threat is primarily to memory manufacturers, but intensified competition could indirectly affect semiconductor-equipment demand and industry spending.

Lam Research Company 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.