Lam Research Corporation $LRCX Stock Position Cut by Vest Financial LLC

Vest Financial LLC reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 18.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 384,415 shares of the semiconductor company’s stock after selling 88,001 shares during the quarter. Lam Research makes up about 1.7% of Vest Financial LLC’s holdings, making the stock its 2nd biggest holding. Vest Financial LLC’s holdings in Lam Research were worth $166,579,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Bravera Wealth purchased a new position in shares of Lam Research during the second quarter valued at about $46,000. Cedar Mountain Advisors LLC lifted its holdings in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after buying an additional 85 shares during the period. Vermillion Wealth Management Inc. purchased a new stake in Lam Research in the first quarter worth about $26,000. Hughes Financial Services LLC boosted its position in Lam Research by 54.9% during the 2nd quarter. Hughes Financial Services LLC now owns 141 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 50 shares in the last quarter. Finally, Bayban bought a new stake in Lam Research during the 4th quarter valued at approximately $26,000. 84.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The stock was 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 of the company’s stock, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $320.00 target price on shares of Lam Research in a research report on Thursday, July 30th. New Street Research lifted their price target on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Stifel Nicolaus upped their price target on Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. UBS Group reiterated a “buy” rating and issued a $375.00 price objective (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Finally, Seaport Research Partners started coverage on Lam Research in a research report on Monday, May 4th. They set a “buy” rating and a $300.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.47.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $314.00 on Monday. The company has a 50 day simple moving average of $337.47 and a two-hundred day simple moving average of $286.43. Lam Research Corporation has a fifty-two week low of $94.11 and a fifty-two week high of $438.50. The company has a market capitalization of $392.91 billion, a price-to-earnings ratio of 54.51, a P/E/G ratio of 1.25 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The firm had revenue of $6.72 billion for 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%.The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

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.