Sapient Capital LLC Acquires 4,002 Shares of Lam Research Corporation $LRCX

Sapient Capital LLC lifted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 154.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,586 shares of the semiconductor company’s stock after purchasing an additional 4,002 shares during the quarter. Sapient Capital LLC’s holdings in Lam Research were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of LRCX. GSG Advisors LLC boosted its position in shares of Lam Research by 3.1% during the first quarter. GSG Advisors LLC now owns 1,387 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 42 shares during the last quarter. Valued Wealth Advisors LLC raised its position in Lam Research by 7.9% in the 1st quarter. Valued Wealth Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $126,000 after buying an additional 43 shares during the last quarter. Greenup Street Wealth Management LLC raised its position in Lam Research by 1.8% in the 1st quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock worth $520,000 after buying an additional 44 shares during the last quarter. Triumph Capital Management lifted its stake in Lam Research by 22.5% during the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 45 shares during the period. Finally, Traphagen Investment Advisors LLC lifted its stake in Lam Research by 2.4% during the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research News Summary

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

• Positive Sentiment: Lam Research was added to Zacks’ Rank #1 (Strong Buy) list and its list of top momentum stocks for August 3. These ratings may attract additional buying interest by highlighting improving earnings and price momentum. Best Momentum Stocks to Buy for August 3rd
• Positive Sentiment: Recent coverage emphasized Lam Research’s record fiscal-year performance, including record June-quarter revenue, operating margin and earnings per share. The company’s latest results also exceeded consensus expectations, with revenue growth of 30% year over year and stronger-than-expected earnings, reinforcing the semiconductor-equipment maker’s growth outlook. What a $10,000 Investment in Lam Research 10 Years Ago Would Be Worth Today
• Positive Sentiment: Analyst coverage remains broadly bullish, with Needham reiterating its Buy rating and other analysts identifying LRCX among attractive technology stocks. This supports the view that demand for semiconductor manufacturing equipment remains durable. Lam Research’s Buy Rating Reiterated at Needham
• Neutral Sentiment: Semiconductor-sector coverage noted that some air has come out of the chip-stock rally. Although the article focused on a bearish leveraged ETF rather than LRCX, it signals elevated volatility and the possibility of further rotations within semiconductor stocks. Semiconductor Outlook Bodes Well for This ETF
• Negative Sentiment: B. Riley Financial cut its Lam Research price target to $350, while a separate report cited trading weakness following an analyst downgrade. The actions could weigh on sentiment, particularly given LRCX’s elevated valuation despite its strong growth. B. Riley Cuts Lam Research Price Target

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LRCX shares. Citigroup reiterated a “buy” rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Needham & Company LLC restated a “buy” rating and set a $390.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Mizuho raised their target price on shares of Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Sanford C. Bernstein lifted their target price on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Barclays reiterated an “overweight” rating and set a $335.00 target price (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. 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 stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $358.47.

Lam Research Stock Performance

LRCX opened at $294.61 on Tuesday. The company’s 50 day moving average is $340.60 and its 200 day moving average is $277.43. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company has a market cap of $368.43 billion, a price-to-earnings ratio of 51.15, a PEG ratio of 1.22 and a beta of 1.84. Lam Research Corporation has a 12-month low of $94.11 and a 12-month high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates 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 period in the prior 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. On average, equities research analysts predict that Lam Research Corporation will post 8.9 EPS for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio is 18.06%.

Insider Buying and Selling

In related news, Director Eric Brandt sold 54,500 shares of the firm’s 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 transaction, the director directly owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 Lam Research 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 in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. 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. In the last three months, insiders have sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is owned by company insiders.

Lam Research Company 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.