David J Yvars Group Buys New Position in Lam Research Corporation $LRCX

David J Yvars Group bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,090 shares of the semiconductor company’s stock, valued at approximately $906,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Balefire LLC increased its stake in shares of Lam Research by 14.4% in the 2nd quarter. Balefire LLC now owns 1,993 shares of the semiconductor company’s stock valued at $864,000 after acquiring an additional 251 shares in the last quarter. Baron Wealth Management LLC acquired a new position in shares of Lam Research during the 2nd quarter valued at $260,000. GAMMA Investing LLC boosted its stake in Lam Research by 11.4% during the second quarter. GAMMA Investing LLC now owns 39,912 shares of the semiconductor company’s stock worth $17,295,000 after acquiring an additional 4,075 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Lam Research by 6.7% during the second quarter. Avior Wealth Management LLC now owns 2,573 shares of the semiconductor company’s stock worth $1,115,000 after acquiring an additional 161 shares in the last quarter. Finally, Greenfield Savings Bank acquired a new stake in Lam Research in the second quarter worth $420,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 80,441 shares of company stock valued at $27,614,296 in the last three months. Company insiders own 0.31% of the company’s stock.

Lam Research News Summary

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

• Positive Sentiment: Strong earnings and upbeat guidance support the long-term outlook. Lam reported quarterly revenue of $6.72 billion and adjusted EPS of $1.82, exceeding expectations. Management’s outlook for the next quarter—approximately $8.10 billion in revenue, 52% gross margin and 39.5% operating margin—also came in well ahead of consensus, reinforcing expectations for continued semiconductor-equipment demand. Lam Research’s Latest Earnings Report Says the AI Chip Supercycle Isn’t Over
• Positive Sentiment: AI, memory and advanced-manufacturing spending remain important catalysts. Commentary points to an ongoing AI chip “supercycle,” higher customer capital expenditures and potential upside for wafer-fabrication equipment spending. Industry optimism from Taiwan Semiconductor and Intel, along with strong memory demand, provides a favorable backdrop for LRCX. BofA’s Cloud Forecast Puts Chip Stocks in Focus
• Positive Sentiment: Analyst targets and quantitative screens remain favorable. LRCX has appeared on growth-at-a-reasonable-price and efficiency screens, while recent analyst targets have generally exceeded the current market level, with a reported median target of $375. GARP Stocks Investors Can Consider
• Neutral Sentiment: Analysts are divided on the shares. Some view Lam as one of the strongest semiconductor-equipment operators with substantial long-term upside, while others believe the recent rebound already reflects much of the earnings improvement.
• Negative Sentiment: Valuation and insider selling are limiting enthusiasm. LRCX trades at a premium earnings multiple, and commentary describes the valuation as near the upper end of its historical range. In addition, reported insider activity shows sales without purchases during the past six months, which may add to investor caution. Lam Research Soars After Earnings

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LRCX shares. Jefferies Financial Group set a $335.00 price objective on shares of Lam Research and gave the company a “buy” rating in a report on Thursday, July 30th. Mizuho raised their target price on Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. BNP Paribas Exane boosted their target price on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. 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. Finally, Oppenheimer reiterated an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $358.47.

Lam Research Trading Down 3.2%

NASDAQ LRCX opened at $307.42 on Thursday. The stock has a market capitalization of $384.45 billion, a price-to-earnings ratio of 53.37, a PEG ratio of 1.27 and a beta of 1.84. Lam Research Corporation has a one year low of $94.11 and a one year high of $438.50. 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 business’s fifty day moving average is $340.27 and its 200-day moving average is $278.83.

Lam Research (NASDAQ:LRCX) last posted its quarterly 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. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts predict that Lam Research Corporation will post 9.24 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s dividend payout ratio is currently 18.06%.

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.