Spire Wealth Management Sells 2,907 Shares of Lam Research Corporation $LRCX

Spire Wealth Management trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX) by 5.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,914 shares of the semiconductor company’s stock after selling 2,907 shares during the period. Spire Wealth Management’s holdings in Lam Research were worth $21,604,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Clark Financial Services Group Inc. BD increased its position in Lam Research by 13.1% during the second quarter. Clark Financial Services Group Inc. BD now owns 6,884 shares of the semiconductor company’s stock worth $2,983,000 after buying an additional 799 shares during the last quarter. Brookstone Capital Management raised its holdings in Lam Research by 95.7% during the second quarter. Brookstone Capital Management now owns 60,735 shares of the semiconductor company’s stock valued at $26,318,000 after buying an additional 29,701 shares in the last quarter. Shaker Investments LLC OH lifted its position in shares of Lam Research by 448.0% in the second quarter. Shaker Investments LLC OH now owns 11,361 shares of the semiconductor company’s stock worth $4,923,000 after buying an additional 9,288 shares during the last quarter. Signature Estate & Investment Advisors LLC bought a new stake in shares of Lam Research during the 2nd quarter worth about $331,000. Finally, Cardinal Point Capital Management ULC bought a new stake in shares of Lam Research during the 2nd quarter worth about $225,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam Research plans to increase R&D experiment capacity by more than 50% across facilities in the United States, Asia and Europe. Management says the investment should accelerate product development and help customers address increasingly complex AI-chip architectures, materials and nanoscale manufacturing requirements. Reuters article
• Positive Sentiment: Investors are viewing Lam’s expertise in etching, including next-generation atomic-layer etching, as a potentially valuable competitive advantage as AI-driven semiconductor production requires greater manufacturing precision. The company’s recent rebound has renewed optimism that its technology could benefit from a longer-term equipment upcycle. 247WallSt article
• Positive Sentiment: SanDisk’s bullish multiyear financial targets have strengthened expectations for memory-industry capital spending through 2030, supporting demand prospects for semiconductor equipment suppliers such as Lam Research. SanDisk financial targets article
• Neutral Sentiment: Polen Capital identified LRCX as a top performer in its Focus Growth portfolio, while Zacks continues to highlight the stock’s long-term earnings outlook. These endorsements may support sentiment but do not represent new company guidance or guaranteed returns. Polen Capital article
• Negative Sentiment: The R&D expansion requires substantial spending over several years, creating execution and return-on-investment risks. Lam also trades at a relatively elevated valuation after a sharp recovery, leaving the stock vulnerable to profit-taking and concerns that the semiconductor cycle may be approaching a peak.

Lam Research Stock Down 1.4%

Shares of LRCX stock opened at $332.36 on Friday. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50. The firm has a market cap of $415.89 billion, a PE ratio of 57.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.84. The stock has a 50 day moving average of $339.46 and a 200-day moving average of $283.14. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 30.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts predict that Lam Research Corporation will post 9.32 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 dividend payout ratio is 18.06%.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares of the company’s stock, valued at $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 a total of 80,441 shares of company stock valued at $27,614,296 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Jefferies Financial Group set a $335.00 price objective on Lam Research and gave the company a “buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada upped their target price on Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. New Street Research increased their price target on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. B. Riley Financial dropped their price target on shares of Lam Research from $385.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $358.47.

About Lam Research

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.