OFI Invest Asset Management Sells 626,150 Shares of Lam Research Corporation $LRCX

OFI Invest Asset Management trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 86.3% during the second quarter, Holdings Channel.com reports. The firm owned 99,512 shares of the semiconductor company’s stock after selling 626,150 shares during the period. OFI Invest Asset Management’s holdings in Lam Research were worth $43,122,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Lam Research in the fourth quarter valued at approximately $3,645,427,000. Price T Rowe Associates Inc. MD lifted its holdings in Lam Research by 352.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after buying an additional 10,666,540 shares in the last quarter. Franklin Resources Inc. boosted its position in Lam Research by 57.0% in the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock valued at $1,730,724,000 after buying an additional 3,671,073 shares during the last quarter. Corient Private Wealth LLC boosted its position in Lam Research by 235.5% in the 4th quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock valued at $890,040,000 after buying an additional 3,649,553 shares during the last quarter. Finally, J. Stern & Co. LLP increased its stake in shares of Lam Research by 3,826.9% in the 4th quarter. J. Stern & Co. LLP now owns 3,459,377 shares of the semiconductor company’s stock valued at $592,176,000 after buying an additional 3,371,283 shares during the period. 84.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction on 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 sale, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a 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 Lam Research stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 80,441 shares of company stock worth $27,614,296. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $332.36 on Monday. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50. The stock has a 50-day simple moving average of $339.46 and a 200 day simple moving average of $283.57. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $415.89 billion, a PE ratio of 57.70, a P/E/G ratio of 1.32 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) 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 firm had revenue of $6.72 billion for 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 company’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the business earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts forecast that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders 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 annualized dividend and a yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is 18.06%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LRCX. Berenberg Bank boosted their target price on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price objective on Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Barclays reissued an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Seaport Research Partners began coverage on shares of Lam Research in a research note on Monday, May 4th. They issued a “buy” rating and a $300.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average price target of $358.47.

More Lam Research News

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

• Positive Sentiment: Lam Research plans to increase R&D experiment capacity by more than 50% across facilities in the United States, Asia and Europe. Management says the investment should accelerate product development and help customers address increasingly complex AI-chip architectures, materials and nanoscale manufacturing requirements. Reuters article
• Positive Sentiment: Investors are viewing Lam’s expertise in etching, including next-generation atomic-layer etching, as a potentially valuable competitive advantage as AI-driven semiconductor production requires greater manufacturing precision. The company’s recent rebound has renewed optimism that its technology could benefit from a longer-term equipment upcycle. 247WallSt article
• Positive Sentiment: SanDisk’s bullish multiyear financial targets have strengthened expectations for memory-industry capital spending through 2030, supporting demand prospects for semiconductor equipment suppliers such as Lam Research. SanDisk financial targets article
• Neutral Sentiment: Polen Capital identified LRCX as a top performer in its Focus Growth portfolio, while Zacks continues to highlight the stock’s long-term earnings outlook. These endorsements may support sentiment but do not represent new company guidance or guaranteed returns. Polen Capital article
• Negative Sentiment: The R&D expansion requires substantial spending over several years, creating execution and return-on-investment risks. Lam also trades at a relatively elevated valuation after a sharp recovery, leaving the stock vulnerable to profit-taking and concerns that the semiconductor cycle may be approaching a peak.

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.