Pacific Excel Wealth Advisors Inc. Acquires New Stake in Lam Research Corporation $LRCX

Pacific Excel Wealth Advisors Inc. acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,659 shares of the semiconductor company’s stock, valued at approximately $719,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Lam Research during the fourth quarter valued at approximately $3,645,427,000. Price T Rowe Associates Inc. MD grew its stake in Lam Research by 352.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after acquiring an additional 10,666,540 shares during the period. Franklin Resources Inc. grew its stake in Lam Research by 57.0% in the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock worth $1,730,724,000 after acquiring an additional 3,671,073 shares during the period. Corient Private Wealth LLC raised its holdings in Lam Research by 235.5% in the 4th quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock valued at $890,040,000 after acquiring an additional 3,649,553 shares during the last quarter. Finally, J. Stern & Co. LLP raised its holdings in Lam Research by 3,826.9% in the 4th quarter. J. Stern & Co. LLP now owns 3,459,377 shares of the semiconductor company’s stock valued at $592,176,000 after acquiring an additional 3,371,283 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LRCX. Wells Fargo & Company reiterated an “overweight” rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Rothschild & Co Redburn upped their price objective on shares of Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $290.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Finally, Berenberg Bank boosted their target price on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. One 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’s stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $358.47.

Lam Research News Roundup

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

• Positive Sentiment: Lam Research’s June-quarter results exceeded expectations, with revenue of $6.72 billion, earnings of $1.82 per share and year-over-year revenue growth of 30%. Management’s September-quarter outlook—approximately $8.1 billion in revenue, about 52% gross margin and 39.5% operating margin—suggests accelerating demand for wafer-fabrication equipment. Lam Research Climbs as Strong Earnings and AI-Driven Chip Spending Optimism Support Shares
• Positive Sentiment: Investors are reassessing the outlook for AI-related chip manufacturing as cloud providers expand data-center capacity. A Bank of America forecast calling for $1.18 trillion in cloud spending could support additional processor and memory production, benefiting equipment suppliers such as LRCX. BofA’s $1.18T cloud forecast puts 3 chip stocks in focus
• Positive Sentiment: Lam Research has received favorable investor and analyst commentary, including Zacks’ Rank #1 Strong Buy and inclusion among efficient growth stocks. Recent analyst targets have generally remained above the current trading level, with a reported median target of $375. Buy These 5 Top-Ranked Efficient Stocks With Strong Growth Potential
• Neutral Sentiment: The semiconductor sector’s broad rebound and renewed enthusiasm for the AI trade are supporting equipment stocks, but sector-wide rallies can also increase volatility and valuation risk.
• Negative Sentiment: Despite record results and strong AI demand, LRCX has fallen about 16% over the past month, indicating that investors remain concerned about its elevated valuation and the sustainability of rapid growth. Lam Research Plunges 16% in a Month: Should You Still Buy the Stock?
• Negative Sentiment: Reported insider activity is a cautionary signal: executives made numerous open-market sales and no purchases during the past six months. Institutional positioning was mixed, with some large investors adding shares while others reduced exposure.

Lam Research Price Performance

Lam Research stock opened at $317.74 on Wednesday. The firm has a fifty day moving average of $340.50 and a 200-day moving average of $278.20. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $397.36 billion, a P/E ratio of 55.16, a PEG ratio of 1.19 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last posted 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. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the business posted $1.33 EPS. The business’s quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts predict that Lam Research Corporation will post 9.13 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 $0.26 dividend. The ex-dividend date of this dividend 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 presently 18.06%.

Insider Activity

In other news, Director Eric Brandt sold 54,500 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares in the company, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is currently owned by corporate insiders.

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.