Weatherly Asset Management L. P. Has $3.91 Million Holdings in Lam Research Corporation $LRCX

Weatherly Asset Management L. P. cut its holdings in Lam Research Corporation (NASDAQ:LRCX) by 7.1% in the first quarter, HoldingsChannel reports. The firm owned 18,275 shares of the semiconductor company’s stock after selling 1,387 shares during the period. Weatherly Asset Management L. P.’s holdings in Lam Research were worth $3,909,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. PMV Capital Advisers LLC acquired a new stake in shares of Lam Research in the fourth quarter worth about $25,000. Stance Capital LLC bought a new position in shares of Lam Research in the 3rd quarter valued at approximately $26,000. Bayban acquired a new stake in Lam Research in the 4th quarter worth approximately $26,000. Triumph Capital Management acquired a new stake in Lam Research in the 3rd quarter worth approximately $27,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in Lam Research during the fourth quarter worth approximately $27,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of LRCX stock opened at $389.04 on Friday. The firm has a market capitalization of $486.52 billion, a P/E ratio of 73.40, a price-to-earnings-growth ratio of 3.21 and a beta of 1.85. Lam Research Corporation has a 1 year low of $87.75 and a 1 year high of $401.00. The firm’s fifty day simple moving average is $301.75 and its 200 day simple moving average is $241.57. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts predict that Lam Research Corporation will post 5.7 EPS for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be given a $0.26 dividend. The ex-dividend date is 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 19.62%.

Key Lam Research News

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

• Positive Sentiment: Analysts and market commentary continue to highlight Lam Research as a key winner from the AI infrastructure buildout, with reports suggesting its wafer-fab equipment opportunity may be larger than expected. Lam Research Corporation (LRCX)’s WFE Opportunity May Be Bigger Than Expected
• Positive Sentiment: Oppenheimer raised its price target on LRCX to $400 from $330 and reiterated an Outperform rating, reinforcing the view that AI-related demand can drive further growth. Lam Research Corporation (LRCX)’s WFE Opportunity May Be Bigger Than Expected
• Positive Sentiment: Zacks noted LRCX jumped on above-average volume and said improving earnings estimate revisions could support more near-term upside. Lam Research (LRCX) Moves 4.0% Higher: Will This Strength Last?
• Positive Sentiment: Coverage from GuruFocus highlighted LRCX’s strong profitability and recent 4% share gain, which may be encouraging momentum investors. Lam Research Corp (LRCX) Shares Surge 4.0% — What GF Score of 85 Tells Investors
• Neutral Sentiment: Several articles framed LRCX as an attractive stock on momentum and profitability grounds, but these were largely descriptive and did not introduce a major new catalyst. Are You Looking for a Top Momentum Pick? Why Lam Research (LRCX) is a Great Choice
• Negative Sentiment: Some comparative coverage argued Texas Instruments may be a better semiconductor buy than Lam Research due to valuation and growth visibility, which could temper enthusiasm at the margin. TXN vs. LRCX: Which Semiconductor Stock Is the Better Buy Right Now?
• Negative Sentiment: Fresh put-option activity in LRCX suggests some traders are hedging or betting on downside after the rally. Stock Traders Buy High Volume of Put Options on Lam Research (NASDAQ:LRCX)

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of Lam Research from an “underweight” rating to an “overweight” rating and lifted their price target for the company from $293.00 to $331.00 in a research report on Monday, May 18th. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. UBS Group reiterated a “buy” rating and issued a $375.00 target price (up from $310.00) on shares of Lam Research in a research note on Tuesday, June 9th. The Goldman Sachs Group reissued a “buy” rating and set a $290.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Finally, Cantor Fitzgerald set a $425.00 price target on shares of Lam Research and gave the company an “overweight” rating in a report on Wednesday, June 10th. Twenty-eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $333.62.

Insiders Place Their Bets

In other news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% 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. Also, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% 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 86,339 shares of company stock worth $27,680,267. 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.