Patton Fund Management Inc. Sells 5,835 Shares of Lam Research Corporation $LRCX

Patton Fund Management Inc. lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 31.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,439 shares of the semiconductor company’s stock after selling 5,835 shares during the period. Lam Research accounts for approximately 1.2% of Patton Fund Management Inc.’s holdings, making the stock its 13th biggest position. Patton Fund Management Inc.’s holdings in Lam Research were worth $5,390,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. 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 position in 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 valued at $6,209,000 after acquiring an additional 13,878 shares during the period. Rokos Capital Management LLP increased its stake in Lam Research by 42.0% during the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock worth $55,532,000 after acquiring an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Lam Research during the first quarter worth about $59,973,000. Finally, Krilogy Financial LLC raised its holdings 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 worth $6,006,000 after purchasing an additional 4,584 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Up 4.7%

Shares of NASDAQ:LRCX opened at $326.11 on Thursday. 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 company has a 50 day moving average of $338.86 and a two-hundred day moving average of $281.96. The company has a market capitalization of $408.07 billion, a price-to-earnings ratio of 56.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts forecast 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 paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s payout ratio is 18.06%.

Insiders Place Their Bets

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares in the company, valued at $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $19,118,600.00. Following the sale, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% 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 have sold 80,441 shares of company stock worth $27,614,296 in the last quarter. 0.31% of the stock is owned by corporate insiders.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Strong earnings and raised forecasts: Lam Research recently exceeded quarterly earnings and revenue expectations, with revenue up 30% year over year. Erste Group Bank raised its fiscal 2027 EPS estimate to $9.27 from $8.05, broadly in line with the $9.32 consensus forecast. The company also issued fiscal first-quarter 2027 EPS guidance of $2.00–$2.30, reinforcing expectations for continued growth.
• Positive Sentiment: AI-driven equipment demand: Analysts continue to identify LRCX as a leading AI-related semiconductor equipment stock, citing strong results, growth prospects and potential upside as chipmakers increase capital spending to support AI infrastructure. Buy and Hold These 2 Top-Ranked AI-Led Semiconductor Equipment Stocks
• Positive Sentiment: Expansion into panel-level packaging: Lam is entering panel-level packaging, an emerging market intended to support larger, more complex AI chips. The move could provide an additional growth avenue beyond its core wafer-fabrication equipment business. Lam Research Enters Panel-Level Packaging: Is This a Growth Catalyst?
• Positive Sentiment: Workforce-development partnership: Lam and NY CREATES will use Lam’s Semiverse virtual-fabrication platform to help train approximately 3,500 university students in semiconductor process integration over five years. The initiative strengthens industry relationships and supports the labor pipeline, though its financial impact is likely long term. Lam Research and NY Creates Team Up to Enable Training of University Students for the Semiconductor Workforce
• Neutral Sentiment: Investor attention remains elevated: Jim Cramer’s upcoming semiconductor-focused call may increase visibility for LRCX, but any impact depends on his comments and is primarily sentiment-driven. 5 Semiconductor Stocks Jim Cramer Could Be Talking About on Thursday
• Neutral Sentiment: Short-interest data is unreliable: A report showing zero shares sold short and a zero-day short ratio appears to reflect faulty or incomplete data, so it offers little actionable information for investors.
• Negative Sentiment: Potential long-term industry competition: SpaceX’s proposed Terrafab facility could challenge the current memory-chip supply structure. The threat is aimed mainly at Micron, SK Hynix and Samsung, but broader changes in semiconductor manufacturing could affect equipment demand and industry dynamics over time.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LRCX. Royal Bank Of Canada lifted their price objective on Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Wells Fargo & Company reissued an “overweight” rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Susquehanna restated a “positive” rating and issued a $475.00 price target (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Stifel Nicolaus lifted their price target on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Oppenheimer reiterated an “outperform” rating and set a $400.00 price objective (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.