D.A. Davidson & CO. Sells 7,648 Shares of Lam Research Corporation $LRCX

D.A. Davidson & CO. reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 8.7% during the first quarter, Holdings Channel reports. The institutional investor owned 80,443 shares of the semiconductor company’s stock after selling 7,648 shares during the period. D.A. Davidson & CO.’s holdings in Lam Research were worth $17,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LRCX. State Street Corp boosted its stake in Lam Research by 0.4% in 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 period. Geode Capital Management LLC raised its position in shares of Lam Research by 0.4% during the fourth 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. lifted its holdings in shares of Lam Research by 7.7% in 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 purchased a new position in shares of Lam Research in the fourth quarter worth $3,645,427,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings 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 in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $320.96 on Friday. The firm has a fifty day simple moving average of $339.19 and a two-hundred day simple moving average of $268.63. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $438.50. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $401.38 billion, a P/E ratio of 60.56, a PEG ratio of 1.99 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

Analyst Ratings Changes

Several research analysts have commented on LRCX shares. JPMorgan Chase & Co. increased their price objective on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Barclays reaffirmed an “overweight” rating and issued a $335.00 target price (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. 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. Susquehanna reissued a “positive” rating and set a $475.00 price target (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada raised their price target on Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Twenty-eight analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $358.67.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: TD Cowen raised its price target on Lam Research and kept a Buy rating, reinforcing expectations that AI-driven semiconductor spending remains a tailwind.
• Positive Sentiment: Morgan Stanley named Lam Research one of its top stock picks for strong upcoming earnings, which supports confidence in the company’s near-term fundamental outlook.
• Positive Sentiment: Recent commentary continues to highlight Lam Research as a beneficiary of AI-related demand for wafer fabrication equipment, HBM, and advanced DRAM.
• Neutral Sentiment: Ithaka Group added LRCX to its portfolio in the second quarter, showing institutional interest, but this is not a direct catalyst for the stock’s move today.
• Neutral Sentiment: Valuation-focused articles suggest Lam Research may already reflect a lot of optimism after a strong multi-year run, which could limit upside if growth expectations cool.
• Negative Sentiment: Director Abhijit Talwalkar sold 18,282 shares in a pre-arranged Rule 10b5-1 transaction, adding a modest headwind to sentiment even though the sale was planned.
• Negative Sentiment: Sector-wide weakness tied to TSMC’s capex reset and ASML-related selling is weighing on Lam Research along with the rest of the semiconductor equipment group.

Insider Activity at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were 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 legal 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 the firm’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 in the company, valued at $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 90 days, insiders have sold 104,621 shares of company stock worth $33,804,737. Corporate insiders own 0.31% of the company’s stock.

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.