Lam Research Corporation $LRCX Stake Lowered by Vest Financial LLC

Vest Financial LLC trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 15.2% during the third quarter, HoldingsChannel reports. The fund owned 326,056 shares of the semiconductor company’s stock after selling 58,359 shares during the quarter. Lam Research comprises approximately 1.1% of Vest Financial LLC’s holdings, making the stock its 12th largest position. Vest Financial LLC’s holdings in Lam Research were worth $107,113,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after purchasing an additional 8,922,854 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Lam Research in the second quarter valued at approximately $3,777,585,000. Jennison Associates LLC grew its holdings in shares of Lam Research by 296.9% during the first quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company’s stock valued at $720,740,000 after purchasing an additional 2,523,351 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of Lam Research by 1,994.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,116,233 shares of the semiconductor company’s stock worth $452,154,000 after purchasing an additional 2,015,188 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Lam Research by 50.6% in the first quarter. California Public Employees Retirement System now owns 5,870,899 shares of the semiconductor company’s stock valued at $1,254,376,000 after buying an additional 1,972,277 shares during the last quarter. Institutional investors and hedge funds 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 reported fiscal first-quarter 2027 adjusted earnings of $2.20 per share, above consensus estimates of approximately $2.17–$2.18 and up from $1.26 a year earlier. Lam Research Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Quarterly revenue reached $8.22 billion, exceeding the $8.14 billion analyst forecast, while the company reported a 31.27% net margin and 67.60% return on equity. Lam Research Earnings Report
• Neutral Sentiment: The results confirm continued demand for Lam’s semiconductor-manufacturing equipment, but the modest size of the earnings and revenue beats appears insufficient to justify the stock’s substantial prior rally or satisfy investors seeking stronger forward momentum. Lam Research Reports Financial Results
• Negative Sentiment: Post-earnings trading turned lower despite the beat, suggesting investors may have been looking for more positive guidance or evidence that AI-related equipment demand is accelerating. Why Lam Research Stock Slides After Hours
• Negative Sentiment: Chip-equipment sentiment was already weak before the report, with investors reducing risk after a roughly 53% year-to-date rally. Evercore also cut its price target ahead of earnings, adding pressure to the shares. Lam Research Stocks Fall as Evercore Cuts Target
• Negative Sentiment: Recent insider activity shows sales without reported purchases, including transactions by senior executives. While such sales may be scheduled or diversification-related, they can reinforce investor caution at a richly valued stock. Lam Research Insider Trading and Sector Analysis

Lam Research Trading Down 1.0%

Lam Research stock opened at $260.81 on Thursday. Lam Research Corporation has a 12 month low of $135.50 and a 12 month high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock has a market cap of $326.38 billion, a P/E ratio of 45.28, a P/E/G ratio of 0.96 and a beta of 1.85. The company’s fifty day simple moving average is $306.08 and its 200-day simple moving average is $309.80.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The firm had revenue of $8.22 billion during the quarter, compared to analysts’ expectations of $8.14 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The business’s revenue for the quarter was up 54.4% on a year-over-year basis. As a group, sell-side analysts forecast that Lam Research Corporation will post 9.35 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 23rd. Lam Research’s dividend payout ratio is presently 22.92%.

Insider Activity at Lam Research

In related news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the sale, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% 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. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

LRCX has been the subject of several research analyst reports. HSBC reaffirmed a “hold” rating and issued a $333.00 price objective on shares of Lam Research in a report on Monday, July 27th. Morgan Stanley reaffirmed an “overweight” rating and issued a $385.00 price objective (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. Susquehanna restated a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the stock an “overweight” rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $350.00 price target (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $365.07.

About Lam Research

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.