Lam Research Corporation $LRCX Stake Lessened by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC trimmed its position in Lam Research Corporation (NASDAQ:LRCX) by 6.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,085 shares of the semiconductor company’s stock after selling 6,907 shares during the period. Lam Research makes up about 3.5% of Baker Ellis Asset Management LLC’s portfolio, making the stock its 3rd largest holding. Baker Ellis Asset Management LLC’s holdings in Lam Research were worth $32,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in Lam Research by 2.6% in the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after buying an additional 1,545,830 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Lam Research by 7.7% during the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after acquiring an additional 1,638,406 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Lam Research by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after acquiring an additional 584,489 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Lam Research by 411.8% in the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after acquiring an additional 8,922,854 shares during the last quarter. Finally, Amundi increased its stake in shares of Lam Research by 23.7% in the first quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after acquiring an additional 1,942,862 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Wall Street’s consensus price target implies approximately 25.6% upside. Zacks noted that rising earnings-estimate revisions may be more meaningful than the target itself, offering a potentially constructive near-term signal. Wall Street Analysts See a 25.6% Upside in Lam Research
• Positive Sentiment: Erste Group Bank raised its FY2027 EPS forecast to $9.40 from $9.34 and its FY2028 estimate to $11.99 from $11.68, indicating improving expectations for Lam Research’s longer-term earnings power. MarketBeat Lam Research analyst estimates
• Positive Sentiment: Lam Research is approaching its next quarterly earnings report, with the company previously guiding to strong results. Investors may look for confirmation that AI-related demand and wafer-fabrication spending remain healthy. Lam Research Set to Post Earnings
• Positive Sentiment: DBS Bank raised its price target to $416. In addition, institutional activity was broadly supportive in the latest reported quarter, with major investors including JPMorgan, Invesco and T. Rowe Price adding shares. DBS Bank lifts target to $416
• Neutral Sentiment: Recent commentary describes Lam Research as having a strong FY2027 setup ahead of earnings, but the stock’s elevated valuation means results and forward guidance will likely determine whether the shares recover. Lam Research Strong FY2027 Setup
• Negative Sentiment: Lam Research has fallen for seven consecutive sessions as semiconductor-equipment shares retreat after a powerful AI-driven rally. Investors appear to be taking profits and reassessing valuations ahead of key industry earnings reports. Semiconductor Equipment Stocks Slide
• Negative Sentiment: Insider-trading data shows 55 reported open-market sales and no purchases over the past six months, including sales by senior executives. While such transactions may reflect diversification, the one-sided pattern can weigh on sentiment.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $14.19 during trading hours on Wednesday, hitting $286.92. 10,326,069 shares of the stock were exchanged, compared to its average volume of 10,659,057. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The company’s 50 day moving average is $310.95 and its 200 day moving average is $307.35. The firm has a market capitalization of $359.06 billion, a P/E ratio of 49.81, a P/E/G ratio of 1.23 and a beta of 1.85. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share 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 firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts expect that Lam Research Corporation will post 9.34 EPS for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. Lam Research’s dividend payout ratio is presently 22.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LRCX shares. Fundamental Research set a $390.00 price target on Lam Research in a research note on Thursday, October 1st. Jefferies Financial Group set a $335.00 price target on Lam Research and gave the stock a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their price target on Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Evercore reiterated an “outperform” rating and set a $355.00 price target on shares of Lam Research in a research note on Monday, July 20th. Finally, Morgan Stanley reissued an “overweight” rating and set a $385.00 price objective (up from $367.00) on shares of Lam Research in a report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $364.59.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.