Empirical Financial Services LLC d.b.a. Empirical Wealth Management Has $32.06 Million Stock Position in Lam Research Corporation $LRCX

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its stake in Lam Research Corporation (NASDAQ:LRCX) by 2.2% during the second quarter, Holdings Channel reports. The firm owned 73,978 shares of the semiconductor company’s stock after selling 1,659 shares during the period. Lam Research makes up approximately 0.5% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s investment portfolio, making the stock its 28th biggest position. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Lam Research were worth $32,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bayban acquired a new stake in Lam Research during the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. bought a new position in Lam Research in the 1st quarter valued at about $26,000. Cedar Mountain Advisors LLC raised its position in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 85 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research in the 4th quarter valued at approximately $27,000. Finally, Triumph Capital Management bought a new stake in shares of Lam Research during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on LRCX shares. Stifel Nicolaus increased their price target on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $320.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. The Goldman Sachs Group restated a “buy” rating and set a $290.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. Raymond James Financial set a $425.00 target price on Lam Research in a report on Wednesday, June 10th. Finally, Mizuho lifted their price target 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-six have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus target price of $358.47.

Insider Buying and Selling

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research 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 directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. This represents a 11.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 80,441 shares of company stock valued at $27,614,296 over the last ninety days. 0.31% of the stock is owned by company insiders.

Lam Research Trading Up 3.3%

NASDAQ LRCX opened at $337.01 on Friday. The company has a market cap of $421.71 billion, a price-to-earnings ratio of 58.51, a price-to-earnings-growth ratio of 1.29 and a beta of 1.84. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average is $338.88 and its 200 day moving average is $282.80.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s payout ratio is 18.06%.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research plans to invest more than $3 billion over the next five years to expand its global research and development laboratory network. The expansion is expected to increase experiment capacity by more than 50%, potentially accelerating new equipment development for advanced chip architectures, materials and AI-related applications. Chip equipment maker Lam Research to invest more than $3 billion to expand R&D labs
• Positive Sentiment: Semiconductor equipment stocks, including LRCX, benefited from SanDisk’s bullish multiyear financial targets. The outlook raised expectations for stronger memory-industry capital spending through 2030, which could support demand for Lam’s deposition and etch equipment. Lam Research, Applied Materials, and Camtek Rise After SanDisk Issues Bullish Financial Targets
• Positive Sentiment: Analysts continued to maintain Buy ratings, while Erste Group Bank expects increased earnings for Lam Research. The company’s most recent quarterly results also exceeded expectations, with revenue up 30% year over year and earnings above consensus, reinforcing the favorable earnings outlook.
• Positive Sentiment: Lam Research also announced a workforce-development partnership with NY Creates that could train approximately 3,500 semiconductor students over five years. Although not an immediate revenue driver, the initiative may help address industry talent shortages and support future growth. Lam Research and NY Creates Team Up to Enable Training of University Students for the Semiconductor Workforce
• Neutral Sentiment: Investors continue directing substantial funds into semiconductor ETFs, supporting sector momentum and demand for chip-equipment shares. However, the strong flows also indicate a crowded, momentum-driven trade.
• Negative Sentiment: Fidelity’s Jurrien Timmer warned that the semiconductor cycle could be nearing a peak. That caution presents a risk to Lam’s valuation and future equipment demand if AI-related and memory capital spending slows.

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.