Hennion & Walsh Asset Management Inc. Reduces Stock Position in Lam Research Corporation $LRCX

Hennion & Walsh Asset Management Inc. lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 74,391 shares of the semiconductor company’s stock after selling 2,476 shares during the quarter. Lam Research makes up 0.9% of Hennion & Walsh Asset Management Inc.’s holdings, making the stock its 13th largest holding. Hennion & Walsh Asset Management Inc.’s holdings in Lam Research were worth $32,236,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cedar Mountain Advisors LLC boosted its stake 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 purchasing an additional 85 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in Lam Research during the first quarter worth $26,000. Bayban bought a new stake in Lam Research during the 4th quarter valued at $26,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Lam Research in the 4th quarter valued at $27,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Lam Research in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $311.35 on Friday. 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 $389.36 billion, a PE ratio of 54.05, a P/E/G ratio of 1.25 and a beta of 1.84. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50. The stock has a fifty day moving average price of $339.89 and a 200-day moving average price of $279.64.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the business earned $1.33 EPS. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts predict that Lam Research Corporation will post 9.24 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Insider Activity at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 firm’s stock in a transaction on 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 completion of the transaction, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This 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. Insiders sold 80,441 shares of company stock valued at $27,614,296 in the last three months. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LRCX. Jefferies Financial Group set a $335.00 price objective on Lam Research and gave the stock a “buy” rating in a research note on Thursday, July 30th. Royal Bank Of Canada lifted their target price on Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Seaport Research Partners initiated coverage on shares of Lam Research in a report on Monday, May 4th. They issued a “buy” rating and a $300.00 target price for the company. Evercore reissued an “outperform” rating and set a $355.00 price target on shares of Lam Research in a research report on Monday, July 20th. Finally, Stifel Nicolaus increased their price target on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.47.

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.