Candriam S.C.A. Decreases Stock Position in Lam Research Corporation $LRCX

Candriam S.C.A. decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 16.9% during the first quarter, Holdings Channel.com reports. The fund owned 866,516 shares of the semiconductor company’s stock after selling 175,995 shares during the period. Lam Research accounts for approximately 1.0% of Candriam S.C.A.’s holdings, making the stock its 16th biggest holding. Candriam S.C.A.’s holdings in Lam Research were worth $185,140,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new stake in Lam Research during the 4th quarter worth approximately $25,000. Stance Capital LLC purchased a new position in shares of Lam Research in the third quarter worth $26,000. Bayban acquired a new stake in shares of Lam Research during the fourth quarter worth $26,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research during the first quarter worth $26,000. Finally, Cedar Mountain Advisors LLC grew its holdings in shares of Lam Research by 242.9% during the first 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. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research News Summary

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

• Positive Sentiment: Mizuho raised its price target on Lam Research to $400 from $380 and kept an outperform rating, adding to the bullish analyst momentum around the stock.
• Positive Sentiment: Stifel Nicolaus boosted its target to $425 from $325 and reiterated a buy rating, citing above-consensus estimates and suggesting further upside for LRCX.
• Positive Sentiment: Needham also increased its target to $390 from $300 and maintained a buy rating, reinforcing the view that Lam Research is well positioned to benefit from AI-driven chip demand.
• Positive Sentiment: Additional coverage highlighted Lam Research as a beneficiary of broader AI infrastructure spending and possible easing of China-related chip restrictions, which could improve sentiment across semiconductor equipment names. Does AI Rebound and China Chip Access Shift Change The Bull Case For Lam Research (LRCX)?
• Neutral Sentiment: Lam Research announced that it will host its June quarter financial conference call and webcast on July 29, giving investors a near-term catalyst to watch.
• Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be a factor driving the move.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Erste Group Bank downgraded Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. UBS Group reaffirmed a “buy” rating and set a $375.00 price target (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Bank of America boosted their price target on Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft raised their price objective on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Finally, TD Cowen reaffirmed a “buy” rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a report on Thursday. Twenty-eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $350.81.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the transaction, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction on 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 completion of the transaction, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 86,339 shares of company stock valued at $27,680,267. 0.31% of the stock is owned by company insiders.

Lam Research Price Performance

NASDAQ:LRCX opened at $350.33 on Friday. Lam Research Corporation has a one year low of $90.93 and a one year high of $438.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a market cap of $438.11 billion, a price-to-earnings ratio of 66.10, a PEG ratio of 2.09 and a beta of 1.80. The firm’s fifty day moving average is $334.89 and its two-hundred day moving average is $263.61.

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

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were issued 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 presently 19.62%.

Lam Research Company 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.