Lam Research Corporation $LRCX Stake Cut by Community Bank N.A.

Community Bank N.A. cut its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,457 shares of the semiconductor company’s stock after selling 1,879 shares during the quarter. Lam Research accounts for about 1.2% of Community Bank N.A.’s investment portfolio, making the stock its 22nd largest holding. Community Bank N.A.’s holdings in Lam Research were worth $11,031,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Paladin Partners LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at about $26,000. Bravera Wealth acquired a new stake in Lam Research during the second quarter worth 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 acquiring an additional 85 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new position in Lam Research in the second quarter worth about $52,000. Finally, Vermillion Wealth Management Inc. acquired a new position in Lam Research in the first quarter valued at approximately $26,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Buying and Selling

In related news, Director Eric Brandt sold 54,500 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 77,782 shares of company stock valued at $26,755,370 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent research reports. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $320.00 price target on shares of Lam Research in a report on Thursday, July 30th. Citigroup restated a “buy” rating and set a $450.00 price objective (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Bank of America increased their target price on Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Rothschild & Co Redburn raised their target price on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.97.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: AI-related semiconductor investment, high-bandwidth memory production and advanced DRAM spending are supporting demand for Lam Research’s wafer-fabrication equipment. Higher earnings estimates and potential updates from upcoming management presentations are adding to the bullish outlook. Why Is Lam Research Corp LRCX Stock Suddenly Gaining Momentum?
• Positive Sentiment: Lam Research’s latest quarterly results exceeded expectations, with earnings per share of $1.82 versus a $1.69 consensus estimate and revenue of $6.72 billion versus $6.66 billion expected. Revenue increased 30% year over year, while company guidance calls for fiscal first-quarter 2027 EPS of $2.00 to $2.30.
• Positive Sentiment: Analysts and financial commentators remain constructive, citing record revenue, margin expansion, strong AI-chip demand and favorable long-term earnings prospects. The stock has substantially outperformed broader computer-and-technology benchmarks, and brokerages collectively maintain a “Moderate Buy” rating. Lam Research Receives Consensus Rating of Moderate Buy
• Neutral Sentiment: Recent technical readings are mixed: Williams %R indicates buying interest, while MACD and RSI remain neutral. Upcoming management presentations could provide more information on customer spending and clarify whether the current momentum is sustainable.
• Neutral Sentiment: A report about Lam Research backing a structured MRI study appears unrelated to the semiconductor company’s core operations and is unlikely to be a meaningful stock catalyst. Lam Research Backs Structured MRI Study
• Negative Sentiment: Despite the favorable outlook, LRCX has nearly tripled over the past year and trades at an elevated earnings multiple. That performance increases the risk of profit-taking or a pullback if AI-related spending slows, estimates disappoint or management offers cautious guidance.

Lam Research Stock Performance

Shares of LRCX stock opened at $320.42 on Wednesday. Lam Research Corporation has a 12-month low of $104.46 and a 12-month high of $438.50. The firm has a market capitalization of $400.95 billion, a price-to-earnings ratio of 55.63, a price-to-earnings-growth ratio of 1.22 and a beta of 1.85. The business has a 50 day simple moving average of $317.01 and a 200 day simple moving average of $292.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.

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, beating 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 quarter 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. On average, equities research analysts anticipate that Lam Research Corporation will post 9.33 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be issued a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This is an increase from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio is currently 18.06%.

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.