Lam Research Corporation $LRCX Shares Sold by Barometer Capital Management Inc.

Barometer Capital Management Inc. decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 81.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 690 shares of the semiconductor company’s stock after selling 3,110 shares during the period. Barometer Capital Management Inc.’s holdings in Lam Research were worth $147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares during the last quarter. Caxton Associates LLP purchased a new position in Lam Research during the 1st quarter worth approximately $239,000. Gabelli Funds LLC purchased a new position in Lam Research during the 2nd quarter worth approximately $253,000. NewEdge Advisors LLC lifted its stake in Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after acquiring an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. lifted its stake 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 valued at $77,000 after acquiring an additional 781 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on LRCX. Barclays reiterated an “overweight” rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. The Goldman Sachs Group restated a “buy” rating and set a $290.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Stifel Nicolaus upped their price target on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a report on Friday, July 10th. Jefferies Financial Group increased their price target on Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Mizuho lifted their price objective on Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $360.51.

Lam Research News Summary

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

• Positive Sentiment: Several recent pieces argue Lam Research has strong growth and earnings-beat potential, with Zacks/Yahoo highlighting expectations for earnings to rise next week and pointing to favorable fundamentals that could support an upside surprise. Article Title
• Positive Sentiment: Wall Street sentiment remains broadly bullish, with another note saying the average brokerage recommendation favors buying Lam Research, which can help reinforce investor confidence in the name. Article Title
• Positive Sentiment: Semiconductor-sector coverage has been constructive, with articles noting renewed buying in chip stocks on AI infrastructure optimism and listing Lam Research among the names benefiting from the rebound. Article Title
• Positive Sentiment: Additional commentary frames LRCX as a solid growth stock and suggests the company’s fundamentals could support exceptional returns, adding to the bullish narrative. Article Title
• Neutral Sentiment: One article compared Lam Research with Applied Materials, but it appears to be industry analysis rather than a direct company-specific catalyst for LRCX. Article Title
• Negative Sentiment: Broader market coverage says investors have been locking in profits in technology stocks ahead of key earnings from Alphabet and Tesla, which can create short-term pressure on semiconductor shares like Lam Research. Article Title

Lam Research Stock Down 0.8%

LRCX stock opened at $319.29 on Thursday. Lam Research Corporation has a one year low of $90.93 and a one year high of $438.50. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The firm’s fifty day moving average is $340.92 and its 200 day moving average is $272.64. The firm has a market cap of $399.29 billion, a PE ratio of 60.24, a P/E/G ratio of 1.91 and a beta of 1.80.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the firm posted $1.04 earnings per share. The company’s revenue was up 23.8% compared to the same quarter last year. On average, research analysts forecast that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s payout ratio is currently 19.62%.

Insiders Place Their Bets

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This represents a 17.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 104,621 shares of company stock worth $33,804,737 in the last 90 days. 0.31% of the stock is currently owned by company insiders.

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.