Lam Research Corporation $LRCX Stock: Thurston Springer Miller Herd & Titak Inc. Lowers Stake

Thurston Springer Miller Herd & Titak Inc. trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 66.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 962 shares of the semiconductor company’s stock after selling 1,940 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Lam Research were worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Focus Financial Network Inc. grew its stake in Lam Research by 17.7% in the third quarter. Focus Financial Network Inc. now owns 1,501 shares of the semiconductor company’s stock worth $493,000 after purchasing an additional 226 shares in the last quarter. XY Planning Network Inc. lifted its stake in Lam Research by 5.3% in the third quarter. XY Planning Network Inc. now owns 1,500 shares of the semiconductor company’s stock worth $493,000 after acquiring an additional 76 shares during the period. Krilogy Financial LLC raised its holdings in shares of Lam Research by 26.2% in the 3rd quarter. Krilogy Financial LLC now owns 35,640 shares of the semiconductor company’s stock valued at $11,033,000 after purchasing an additional 7,405 shares in the last quarter. RHS Financial LLC purchased a new position in Lam Research during the third quarter valued at approximately $277,000. Finally, Affinity Capital Advisors LLC raised its stake in Lam Research by 15.8% in the third quarter. Affinity Capital Advisors LLC now owns 2,263 shares of the semiconductor company’s stock worth $722,000 after buying an additional 309 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider directly 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 filing with the SEC, which can be accessed through the SEC website. 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 that occurred on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LRCX. 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. Evercore restated an “outperform” rating and issued a $355.00 price target on shares of Lam Research in a research note on Monday, July 20th. Fundamental Research set a $390.00 target price on Lam Research in a research report on Thursday, October 1st. Citigroup reissued a “buy” rating and set a $450.00 target price (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Finally, Bank of America upped their price target on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $364.59.

Lam Research Stock Down 5.0%

Shares of NASDAQ:LRCX traded down $14.95 during trading on Wednesday, hitting $286.16. The company’s stock had a trading volume of 4,085,764 shares, compared to its average volume of 10,625,116. The business has a 50 day moving average price of $310.95 and a two-hundred day moving average price of $307.35. The company has a market capitalization of $358.10 billion, a PE ratio of 49.82, a P/E/G ratio of 1.23 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, research analysts expect that Lam Research Corporation will post 9.34 EPS for the current fiscal year.

Lam Research Increases Dividend

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

Key Stories Impacting Lam Research

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

• Positive Sentiment: Analysts see upside potential: The consensus price target implies approximately 25.6% potential appreciation. Zacks notes that rising earnings-estimate revisions could support the stock, although price targets alone have limited predictive value. Wall Street Analysts See a 25.6% Upside in Lam Research
• Positive Sentiment: Favorable earnings outlook: Erste Group Bank raised its FY2027 EPS estimate to $9.40 from $9.34 and its FY2028 forecast to $11.99 from $11.68. UBS also expects Lam Research to deliver strong results and guidance, and recent analysis describes a solid FY2027 setup ahead of the report. UBS Expects Strong Results and Guidance
• Neutral Sentiment: Earnings are the immediate catalyst: Lam Research is scheduled to report earnings Wednesday. Investors will focus on demand for wafer-fabrication equipment, AI-related semiconductor spending and forward guidance. The company’s latest quarter showed record revenue, operating margin and EPS, with guidance for another strong quarter. Lam Research Set to Post Earnings
• Negative Sentiment: Sector-wide profit-taking pressured the stock: Semiconductor-equipment shares, including Lam Research, fell as investors reduced exposure after a strong AI-driven run and reassessed elevated valuations ahead of key industry earnings. The stock also declined for seven consecutive sessions. Semiconductor Equipment Stocks Slide as Investors Take Profits
• Negative Sentiment: Insider selling is a secondary concern: Reported insider activity over the past six months showed sales without purchases, including transactions by executives. This may weigh on sentiment, although the broader sector selloff appears to be the primary near-term driver.

About Lam Research

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.