Lam Research Corporation $LRCX Stake Boosted by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 10.1% in the second quarter, HoldingsChannel.com reports. The firm owned 951,247 shares of the semiconductor company’s stock after acquiring an additional 87,097 shares during the period. Lam Research accounts for approximately 1.5% of NEOS Investment Management LLC’s investment portfolio, making the stock its 15th biggest holding. NEOS Investment Management LLC’s holdings in Lam Research were worth $412,204,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Paladin Partners LLC bought a new position in shares of Lam Research in the 2nd quarter worth about $26,000. Bravera Wealth acquired a new position in shares of Lam Research in the 2nd quarter valued at about $46,000. Cedar Mountain Advisors LLC grew 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 valued at $26,000 after buying an additional 85 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Lam Research during the 2nd quarter valued at about $52,000. Finally, Vermillion Wealth Management Inc. acquired a new stake in Lam Research during the first quarter worth about $26,000. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The sale 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, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The shares were 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 in the company, valued at approximately $69,881,114. This represents 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 77,782 shares of company stock valued at $26,755,370 in the last quarter. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LRCX. Oppenheimer reissued 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. HSBC reaffirmed a “hold” rating and set a $333.00 target price on shares of Lam Research in a report on Monday, July 27th. Needham & Company LLC reissued a “buy” rating and issued a $390.00 price target on shares of Lam Research in a report on Thursday, July 30th. Sanford C. Bernstein raised their price target on Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Finally, Susquehanna restated a “positive” rating and set a $475.00 price objective (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $358.97.

Key Lam Research News

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

• Positive Sentiment: Investor coverage continues to identify Lam Research as a beneficiary of AI data-center spending, memory-chip demand and advanced semiconductor manufacturing. Articles point to opportunities across etch, deposition and other wafer-fabrication equipment markets. AI data-center spending article
• Positive Sentiment: Lam’s fundamental momentum remains strong. Its latest quarterly results exceeded analyst expectations for earnings and revenue, with revenue up 30% year over year, and management provided quarterly EPS guidance of $2.00 to $2.30. The company also raised its quarterly dividend from $0.26 to $0.33, supporting shareholder returns. Dividend increase article
• Positive Sentiment: Lam Research was included in growth-at-a-reasonable-price and AI-investment stock screens, indicating that some analysts believe its earnings growth can support the company’s premium valuation. GARP stocks article
• Neutral Sentiment: UBS lowered its Lam Research price target to $425 from $435 but maintained a Buy rating. The reduction signals more measured expectations while the rating still reflects confidence in the company’s long-term prospects. UBS price-target article
• Negative Sentiment: Valuation is a key risk after LRCX’s substantial multiyear rally. Recent commentary says the shares appear fully priced, leaving less room for disappointment and making continued gains dependent on strong execution and earnings growth. Lam Research valuation article
• Negative Sentiment: An insider sold 5,000 shares valued at approximately $1.5 million. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, which limits its significance, but it contributed to near-term selling pressure. Insider sale article
• Negative Sentiment: Rising Treasury yields and renewed inflation concerns are weighing on high-multiple semiconductor stocks by reducing the present value of future growth. Exposure to China and the possibility of limited near-term returns add further caution. Market pressure article

Lam Research Price Performance

NASDAQ LRCX opened at $292.66 on Friday. Lam Research Corporation has a 52 week low of $97.16 and a 52 week high of $438.50. 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 stock has a market cap of $366.21 billion, a price-to-earnings ratio of 50.81, a price-to-earnings-growth ratio of 1.14 and a beta of 1.85. The company has a 50-day moving average price of $322.77 and a two-hundred day moving average price of $291.28.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results 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 company 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 business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter 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. Analysts forecast that Lam Research Corporation will post 9.33 EPS for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a $0.33 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 annualized dividend and a yield of 0.5%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is 18.06%.

About Lam Research

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.