Lam Research Corporation $LRCX Shares Sold by Watershed Private Wealth LLC

Watershed Private Wealth LLC trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 65.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,962 shares of the semiconductor company’s stock after selling 3,674 shares during the quarter. Watershed Private Wealth LLC’s holdings in Lam Research were worth $850,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. State Street Corp increased its holdings in Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after purchasing an additional 265,805 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Lam Research by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after buying an additional 126,613 shares during the last quarter. Invesco Ltd. grew its position in shares of Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after buying an additional 1,638,406 shares in the last quarter. Norges Bank acquired a new stake in shares of Lam Research during the fourth quarter worth approximately $3,645,427,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Lam Research by 352.2% in the fourth 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 during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on LRCX. HSBC reaffirmed a “hold” rating and issued a $333.00 price target on shares of Lam Research in a report on Monday, July 27th. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. TD Cowen reaffirmed a “buy” rating and set a $400.00 price target (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. Wells Fargo & Company reiterated an “overweight” rating and issued a $350.00 price target (down from $450.00) on shares of Lam Research in a research note on Thursday, July 30th. Finally, Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One equities 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $358.47.

Lam Research Stock Up 3.5%

Shares of NASDAQ:LRCX opened at $343.84 on Tuesday. The company’s fifty day moving average is $339.85 and its two-hundred day moving average is $284.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. Lam Research Corporation has a 1-year low of $94.11 and a 1-year high of $438.50. The stock has a market capitalization of $430.25 billion, a price-to-earnings ratio of 59.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities analysts anticipate that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were issued 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 dividend yield of 0.3%. Lam Research’s dividend payout ratio is 18.06%.

Insider Activity

In related news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 on 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 of the company’s stock, valued at approximately $18,102,312. The trade was 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 ninety days, insiders sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is currently owned by insiders.

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.