Fortem Financial Group LLC Decreases Holdings in Lam Research Corporation $LRCX

Fortem Financial Group LLC trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX) by 5.5% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 29,955 shares of the semiconductor company’s stock after selling 1,745 shares during the quarter. Lam Research accounts for about 1.6% of Fortem Financial Group LLC’s holdings, making the stock its 20th biggest holding. Fortem Financial Group LLC’s holdings in Lam Research were worth $6,400,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Uhlmann Price Securities LLC purchased a new stake in Lam Research during the first quarter valued at about $1,397,000. Diversified Trust Co grew its stake in shares of Lam Research by 2.1% during the first quarter. Diversified Trust Co now owns 35,630 shares of the semiconductor company’s stock valued at $7,613,000 after buying an additional 718 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in shares of Lam Research by 66.5% in the first quarter. Nations Financial Group Inc. IA ADV now owns 11,993 shares of the semiconductor company’s stock worth $2,562,000 after buying an additional 4,790 shares during the period. J. Derek Lewis & Associates Inc. purchased a new position in shares of Lam Research in the fourth quarter worth about $230,000. Finally, World Investment Advisors lifted its stake in shares of Lam Research by 33.7% in the 4th quarter. World Investment Advisors now owns 16,208 shares of the semiconductor company’s stock valued at $2,774,000 after acquiring an additional 4,086 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares in the company, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 86,339 shares of company stock worth $27,680,267 over the last quarter. 0.31% of the stock is owned by corporate insiders.

Lam Research Price Performance

NASDAQ LRCX opened at $389.04 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The stock has a market capitalization of $486.52 billion, a PE ratio of 73.40, a PEG 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 business’s 50-day moving average is $301.75 and its 200 day moving average is $241.57.

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

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s payout ratio is 19.62%.

Lam Research News Roundup

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)

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LRCX. New Street Research increased their target price on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. TD Cowen lifted their price target on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Finally, Sanford C. Bernstein raised their target price on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $333.62.

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.