Kwmg LLC cut its position in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 5.1% during the third quarter, Holdings Channel.com reports. The firm owned 66,117 shares of the semiconductor company’s stock after selling 3,527 shares during the quarter. Lam Research makes up approximately 1.6% of Kwmg LLC’s portfolio, making the stock its 21st biggest position. Kwmg LLC’s holdings in Lam Research were worth $21,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also made changes to their positions in the company. World Equity Group Inc. increased its holdings in shares of Lam Research by 0.5% during the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock valued at $2,416,000 after purchasing an additional 29 shares during the period. Tenzing Financial LLC grew its position in Lam Research by 3.5% in the 2nd quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 34 shares in the last quarter. Advus Financial Partners LLC grew its position in Lam Research by 1.0% in the 2nd quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after buying an additional 34 shares in the last quarter. Paragon Private Wealth Management LLC increased its stake in Lam Research by 1.3% during the 2nd quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock valued at $1,178,000 after buying an additional 35 shares during the period. Finally, Gibraltar Capital Management Inc. increased its stake in Lam Research by 3.6% during the 2nd quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company’s stock valued at $455,000 after buying an additional 36 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.
Lam Research News Roundup
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Lam Research was included among chip stocks with dependable earnings and durable growth potential, alongside NVIDIA, Applied Materials and TSMC. The companies are benefiting from sustained AI-driven demand for semiconductors and manufacturing equipment. 4 Top Chip Stocks With Dependable Earnings to Ride the AI Boom
- Positive Sentiment: Zacks said Lam Research’s premium valuation is supported by accelerating earnings, improving margins and demand tied to advanced packaging, high-bandwidth memory and advanced chip production. Should You Invest in Lam Research Stock Despite Its Premium Valuation?
- Positive Sentiment: Morgan Stanley reportedly raised its price target for LRCX, while expecting the company to provide a December-quarter revenue outlook above $9 billion. Such guidance would reinforce confidence in semiconductor-equipment demand and near-term execution. Morgan Stanley expects Lam Research to guide $9B-plus for December quarter
- Neutral Sentiment: Industry outlook reports continue to highlight Lam Research as a beneficiary of expanding AI-related semiconductor investment, although the articles offer limited new company-specific financial information. Zacks Industry Outlook Applied Materials, Lam Research and FormFactor
- Negative Sentiment: Compared with KLA, Lam is growing faster but trades at a similar forward earnings multiple and at a higher valuation relative to trailing free cash flow. Investors may therefore demand continued strong growth to justify LRCX’s premium. Lam Research vs. KLA: Is Faster Growth Worth Paying More for Cash Flow?
- Negative Sentiment: One item describes an abdominoplasty clinical study under Lam Research’s name, which appears unrelated to semiconductor equipment and may be a mislabeled or erroneous listing; it provides no credible investment catalyst. New Abdominoplasty Trial Signals Steady Demand in Procedure-Driven Healthcare
Wall Street Analysts Forecast Growth
View Our Latest Analysis on LRCX
Insiders Place Their Bets
In other news, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the sale, the insider owned 42,462 shares in the company, valued at $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’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 completion of the sale, the director owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 32,839 shares of company stock worth $10,644,740. Company insiders own 0.31% of the company’s stock.
Lam Research Price Performance
Shares of LRCX traded down $5.35 during trading hours on Wednesday, hitting $328.54. 2,840,743 shares of the company were exchanged, compared to its average volume of 10,717,157. The company has a market capitalization of $411.14 billion, a PE ratio of 57.02, a PEG ratio of 1.37 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The firm has a fifty day simple moving average of $308.48 and a 200-day simple moving average of $304.45. Lam Research Corporation has a one year low of $131.02 and a one year high of $438.50.
Lam Research (NASDAQ:LRCX – Get Free Report) last announced 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. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. Lam Research’s revenue for the quarter was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts predict that Lam Research Corporation will post 9.32 earnings per share for the current year.
Lam Research Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, September 23rd. This is a boost from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio is presently 22.92%.
Lam Research Company Profile
Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.
The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.
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Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX – Free Report).
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