State of Wyoming Has $946,000 Stake in Lam Research Corporation $LRCX

State of Wyoming decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 50.2% in the first quarter, HoldingsChannel reports. The firm owned 4,426 shares of the semiconductor company’s stock after selling 4,470 shares during the period. State of Wyoming’s holdings in Lam Research were worth $946,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in LRCX. GSG Advisors LLC grew its holdings in shares of Lam Research by 3.1% during the first quarter. GSG Advisors LLC now owns 1,387 shares of the semiconductor company’s stock valued at $296,000 after buying an additional 42 shares in the last quarter. Militia Capital Management LLC purchased a new stake in Lam Research in the 1st quarter worth about $218,000. WealthCollab LLC lifted its stake in Lam Research by 28.8% in the 1st quarter. WealthCollab LLC now owns 313 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 70 shares in the last quarter. First Citizens Bank & Trust Co. boosted its position in Lam Research by 2.1% during the 1st quarter. First Citizens Bank & Trust Co. now owns 113,479 shares of the semiconductor company’s stock worth $24,246,000 after acquiring an additional 2,316 shares during the period. Finally, Alesco Advisors LLC An ESL Co purchased a new position in Lam Research during the 1st quarter valued at about $1,754,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Down 0.8%

Shares of Lam Research stock opened at $319.29 on Thursday. The firm has a market cap of $399.29 billion, a price-to-earnings ratio of 60.24, a P/E/G ratio of 1.91 and a beta of 1.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. Lam Research Corporation has a 52-week low of $90.93 and a 52-week high of $438.50. The stock has a 50-day simple moving average of $340.92 and a 200-day simple moving average of $272.64.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm’s revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. On average, equities research analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Analyst Ratings Changes

LRCX has been the topic of a number of research reports. BNP Paribas Exane upped their target price on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Berenberg Bank raised their price target on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Morgan Stanley boosted their price objective on shares of Lam Research from $331.00 to $404.00 and gave the company an “overweight” rating in a research report on Monday, July 6th. The Goldman Sachs Group reiterated a “buy” rating and issued a $290.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Finally, Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $360.51.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Several recent pieces argue Lam Research has strong growth and earnings-beat potential, with Zacks/Yahoo highlighting expectations for earnings to rise next week and pointing to favorable fundamentals that could support an upside surprise. Article Title
• Positive Sentiment: Wall Street sentiment remains broadly bullish, with another note saying the average brokerage recommendation favors buying Lam Research, which can help reinforce investor confidence in the name. Article Title
• Positive Sentiment: Semiconductor-sector coverage has been constructive, with articles noting renewed buying in chip stocks on AI infrastructure optimism and listing Lam Research among the names benefiting from the rebound. Article Title
• Positive Sentiment: Additional commentary frames LRCX as a solid growth stock and suggests the company’s fundamentals could support exceptional returns, adding to the bullish narrative. Article Title
• Neutral Sentiment: One article compared Lam Research with Applied Materials, but it appears to be industry analysis rather than a direct company-specific catalyst for LRCX. Article Title
• Negative Sentiment: Broader market coverage says investors have been locking in profits in technology stocks ahead of key earnings from Alphabet and Tesla, which can create short-term pressure on semiconductor shares like Lam Research. Article Title

Insider Buying and Selling at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of the firm’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 owned 66,129 shares in the company, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. 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. Insiders have sold a total of 104,621 shares of company stock worth $33,804,737 over the last quarter. Company insiders own 0.31% of the company’s stock.

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.