Wedge Capital Management L L P NC Sells 41,813 Shares of Lam Research Corporation $LRCX

Wedge Capital Management L L P NC decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 15.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 220,495 shares of the semiconductor company’s stock after selling 41,813 shares during the quarter. Lam Research comprises about 1.6% of Wedge Capital Management L L P NC’s holdings, making the stock its 3rd largest position. Wedge Capital Management L L P NC’s holdings in Lam Research were worth $95,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Annex Advisory Services LLC raised its position in shares of Lam Research by 8.3% in the second quarter. Annex Advisory Services LLC now owns 1,215 shares of the semiconductor company’s stock valued at $526,000 after buying an additional 93 shares during the last quarter. Hudson Value Partners LLC acquired a new stake in shares of Lam Research during the second quarter worth $220,000. West Branch Capital LLC grew its position in shares of Lam Research by 19.1% in the second quarter. West Branch Capital LLC now owns 7,358 shares of the semiconductor company’s stock valued at $3,188,000 after purchasing an additional 1,178 shares during the period. Rise Advisors LLC acquired a new position in Lam Research in the second quarter valued at $337,000. Finally, E. Ohman J or Asset Management AB lifted its position in Lam Research by 2.6% during the second quarter. E. Ohman J or Asset Management AB now owns 57,351 shares of the semiconductor company’s stock worth $24,852,000 after buying an additional 1,430 shares during the period. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 1.6%

Shares of NASDAQ LRCX opened at $311.41 on Wednesday. The stock has a fifty day moving average price of $339.22 and a 200 day moving average price of $281.21. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a 12-month low of $94.11 and a 12-month high of $438.50. The company has a market cap of $389.67 billion, a P/E ratio of 54.06, a P/E/G ratio of 1.22 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts anticipate 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. Stockholders of record on Wednesday, June 17th were given a dividend of $0.26 per share. The ex-dividend date of this dividend 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 presently 18.06%.

Analyst Ratings Changes

A number of research firms have recently commented on LRCX. B. Riley Financial dropped their price objective on shares of Lam Research from $385.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Oppenheimer reissued an “outperform” rating and set a $400.00 price objective (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Needham & Company LLC restated a “buy” rating and issued a $390.00 price objective on shares of Lam Research in a report on Thursday, July 30th. Finally, Raymond James Financial set a $425.00 price objective on Lam Research in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $358.47.

Insider Transactions at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% 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. Over the last quarter, insiders sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is currently owned by corporate insiders.

Lam Research News Roundup

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

• Positive Sentiment: Erste Group Bank raised its fiscal 2027 EPS estimate for Lam Research to $9.27 from $8.05, above the broader consensus of approximately $9.24. The increase reflects improving confidence in the company’s earnings outlook.
• Positive Sentiment: Lam Research received a Zacks Rank #1, or “Strong Buy,” as analysts cited improving earnings prospects. The upgrade may reinforce investor optimism following the company’s recent quarterly beat, when revenue rose 30% year over year and EPS exceeded expectations. Lam Research Upgraded to Strong Buy
• Positive Sentiment: AI-driven chip demand continues to support Lam Research and other semiconductor-equipment suppliers. Strong results and expected growth have led some coverage to recommend buying and holding LRCX. AI-Led Semiconductor Equipment Stocks
• Positive Sentiment: Lam Research is entering panel-level packaging, a developing market driven by larger and more complex AI chips. If adoption accelerates, the initiative could create a new growth avenue beyond its core wafer-fabrication equipment business. Lam Research Enters Panel-Level Packaging
• Neutral Sentiment: Coverage highlighting five questions from Lam Research’s latest earnings call may provide investors with additional insight into demand, margins and the company’s outlook, but no specific new catalyst was disclosed.
• Neutral Sentiment: Reported short interest was listed as zero shares, unchanged from the prior period. Because the figure appears anomalous, it provides no meaningful signal about short-selling pressure.
• Negative Sentiment: Lam Research disclosed risks associated with increasing reliance on AI tools, including possible operational disruptions, intellectual-property uncertainty and legal exposure. These issues could raise costs or create execution risks if not effectively managed. AI Reliance Risks for Lam Research
• Negative Sentiment: SpaceX’s planned Terrafab could eventually challenge the memory-chip dominance of Micron, SK Hynix and Samsung. The threat is primarily to memory manufacturers, but intensified competition could indirectly affect semiconductor-equipment demand and industry spending.

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.