Sompo Asset Management Co. Ltd. Sells 1,620 Shares of Lam Research Corporation $LRCX

Sompo Asset Management Co. Ltd. decreased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 18.2% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,260 shares of the semiconductor company’s stock after selling 1,620 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Lam Research were worth $3,146,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cedar Mountain Advisors LLC boosted 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 acquiring an additional 85 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new position in Lam Research in the first quarter worth about $26,000. Bayban acquired a new position in Lam Research in the fourth quarter worth about $26,000. Mcguire Capital Advisors Inc. bought a new position in Lam Research during the fourth quarter worth about $27,000. Finally, Core Wealth Advisors LLC bought a new position in Lam Research during the fourth quarter worth about $29,000. 84.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction dated 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 completion of the transaction, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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 dated 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 owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. 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 quarter, insiders have sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Performance

NASDAQ LRCX opened at $337.01 on Friday. Lam Research Corporation has a 1-year low of $94.11 and a 1-year high of $438.50. The company has a 50 day moving average of $338.88 and a 200-day moving average of $282.80. 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 firm has a market cap of $421.71 billion, a price-to-earnings ratio of 58.51, a PEG ratio of 1.29 and a beta of 1.84.

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

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s payout ratio is currently 18.06%.

Lam Research News Roundup

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

• Positive Sentiment: Lam Research plans to invest more than $3 billion over the next five years to expand its global research and development laboratory network. The expansion is expected to increase experiment capacity by more than 50%, potentially accelerating new equipment development for advanced chip architectures, materials and AI-related applications. Chip equipment maker Lam Research to invest more than $3 billion to expand R&D labs
• Positive Sentiment: Semiconductor equipment stocks, including LRCX, benefited from SanDisk’s bullish multiyear financial targets. The outlook raised expectations for stronger memory-industry capital spending through 2030, which could support demand for Lam’s deposition and etch equipment. Lam Research, Applied Materials, and Camtek Rise After SanDisk Issues Bullish Financial Targets
• Positive Sentiment: Analysts continued to maintain Buy ratings, while Erste Group Bank expects increased earnings for Lam Research. The company’s most recent quarterly results also exceeded expectations, with revenue up 30% year over year and earnings above consensus, reinforcing the favorable earnings outlook.
• Positive Sentiment: Lam Research also announced a workforce-development partnership with NY Creates that could train approximately 3,500 semiconductor students over five years. Although not an immediate revenue driver, the initiative may help address industry talent shortages and support future growth. Lam Research and NY Creates Team Up to Enable Training of University Students for the Semiconductor Workforce
• Neutral Sentiment: Investors continue directing substantial funds into semiconductor ETFs, supporting sector momentum and demand for chip-equipment shares. However, the strong flows also indicate a crowded, momentum-driven trade.
• Negative Sentiment: Fidelity’s Jurrien Timmer warned that the semiconductor cycle could be nearing a peak. That caution presents a risk to Lam’s valuation and future equipment demand if AI-related and memory capital spending slows.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Rothschild & Co Redburn upped their price objective on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Oppenheimer restated an “outperform” rating and set a $400.00 target price (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. New Street Research boosted their price target on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. UBS Group reiterated a “buy” rating and issued a $375.00 price target (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Finally, Raymond James Financial set a $425.00 price objective on Lam Research in a research note on Wednesday, June 10th. One equities research 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 stock. According to MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $358.47.

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.