JGP Wealth Management LLC Sells 1,808 Shares of Lam Research Corporation $LRCX

JGP Wealth Management LLC decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 44.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,222 shares of the semiconductor company’s stock after selling 1,808 shares during the quarter. JGP Wealth Management LLC’s holdings in Lam Research were worth $963,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares during the period. Caxton Associates LLP bought a new position in Lam Research in the 1st quarter worth $239,000. Gabelli Funds LLC bought a new position in Lam Research in the 2nd quarter worth $253,000. NewEdge Advisors LLC lifted its position in Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after acquiring an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. lifted its position in Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 781 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction that occurred 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 owned 199,205 shares in the company, 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. In the last quarter, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LRCX shares. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. Mizuho boosted their price objective on Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Weiss Ratings upgraded Lam Research from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. New Street Research increased their target price on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Finally, B. Riley Financial lowered their target price on Lam Research from $385.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. One investment 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 data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $358.47.

Lam Research Stock Performance

NASDAQ:LRCX opened at $307.42 on Thursday. The firm’s 50-day moving average is $340.27 and its 200-day moving average is $278.83. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The company has a market cap of $384.45 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 1.27 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released 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 net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter last year, the company earned $1.33 earnings per share. The firm’s revenue 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 anticipate that Lam Research Corporation will post 9.24 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were given a $0.26 dividend. 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 dividend payout ratio (DPR) is currently 18.06%.

More Lam Research News

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

• Positive Sentiment: Strong earnings and upbeat guidance support the long-term outlook. Lam reported quarterly revenue of $6.72 billion and adjusted EPS of $1.82, exceeding expectations. Management’s outlook for the next quarter—approximately $8.10 billion in revenue, 52% gross margin and 39.5% operating margin—also came in well ahead of consensus, reinforcing expectations for continued semiconductor-equipment demand. Lam Research’s Latest Earnings Report Says the AI Chip Supercycle Isn’t Over
• Positive Sentiment: AI, memory and advanced-manufacturing spending remain important catalysts. Commentary points to an ongoing AI chip “supercycle,” higher customer capital expenditures and potential upside for wafer-fabrication equipment spending. Industry optimism from Taiwan Semiconductor and Intel, along with strong memory demand, provides a favorable backdrop for LRCX. BofA’s Cloud Forecast Puts Chip Stocks in Focus
• Positive Sentiment: Analyst targets and quantitative screens remain favorable. LRCX has appeared on growth-at-a-reasonable-price and efficiency screens, while recent analyst targets have generally exceeded the current market level, with a reported median target of $375. GARP Stocks Investors Can Consider
• Neutral Sentiment: Analysts are divided on the shares. Some view Lam as one of the strongest semiconductor-equipment operators with substantial long-term upside, while others believe the recent rebound already reflects much of the earnings improvement.
• Negative Sentiment: Valuation and insider selling are limiting enthusiasm. LRCX trades at a premium earnings multiple, and commentary describes the valuation as near the upper end of its historical range. In addition, reported insider activity shows sales without purchases during the past six months, which may add to investor caution. Lam Research Soars After Earnings

Lam Research 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.