Lam Research Corporation $LRCX Stock Holdings Cut by McGuire Investment Group LLC

McGuire Investment Group LLC reduced its holdings in Lam Research Corporation (NASDAQ:LRCX) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 178,611 shares of the semiconductor company’s stock after selling 4,200 shares during the quarter. Lam Research comprises 5.3% of McGuire Investment Group LLC’s portfolio, making the stock its 3rd biggest holding. McGuire Investment Group LLC’s holdings in Lam Research were worth $58,675,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Van ECK Associates Corp lifted its position in shares of Lam Research by 411.8% during the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after purchasing an additional 8,922,854 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Lam Research in the 2nd quarter valued at approximately $3,777,585,000. Jennison Associates LLC grew its holdings in Lam Research by 296.9% in the 1st quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company’s stock valued at $720,740,000 after buying an additional 2,523,351 shares during the last quarter. California Public Employees Retirement System grew its holdings in Lam Research by 50.6% in the 1st quarter. California Public Employees Retirement System now owns 5,870,899 shares of the semiconductor company’s stock valued at $1,254,376,000 after buying an additional 1,972,277 shares during the last quarter. Finally, Amundi grew its holdings in Lam Research by 23.7% in the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock valued at $2,168,107,000 after buying an additional 1,942,862 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were 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. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 firm’s stock in a transaction dated 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 transaction, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is owned by insiders.

Lam Research Price Performance

Shares of LRCX stock opened at $230.10 on Friday. Lam Research Corporation has a 12 month low of $135.50 and a 12 month high of $438.50. The company has a market capitalization of $287.95 billion, a P/E ratio of 34.29, a P/E/G ratio of 0.83 and a beta of 1.85. The stock has a 50 day moving average of $301.90 and a two-hundred day moving average of $309.32. The company has a current ratio of 2.48, a quick ratio of 1.91 and a debt-to-equity ratio of 0.27.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.02. The business had revenue of $8.22 billion for the quarter, compared to analysts’ expectations of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. Lam Research’s quarterly revenue was up 54.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. As a group, equities analysts expect that Lam Research Corporation will post 9.48 EPS for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were paid a dividend of $0.33 per share. This is an increase from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, September 23rd. Lam Research’s dividend payout ratio is presently 19.67%.

Wall Street Analyst Weigh In

Several brokerages have commented on LRCX. Berenberg Bank set a $420.00 price target on Lam Research in a research report on Wednesday, September 9th. Wells Fargo & Company reissued an “overweight” rating and issued a $350.00 price objective (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Morgan Stanley set a $339.00 price objective on shares of Lam Research and gave the stock an “overweight” rating in a research note on Thursday. Fundamental Research set a $390.00 target price on shares of Lam Research in a research report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $375.00 target price on shares of Lam Research in a research report on Monday, October 19th. Twenty-six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.55.

Trending Headlines about Lam Research

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

• Positive Sentiment: Record results and strong profitability: Fiscal first-quarter revenue rose 54.4% year over year to $8.22 billion, exceeding estimates, while adjusted EPS of $2.20 also beat forecasts. Operating margin topped 40% for the first time, supported by strong systems sales, memory demand and record foundry revenue. Lam Research Q1 Earnings Beat on Systems Sales and Margin Gains
• Positive Sentiment: Long-term AI and memory demand remains supportive: Lam expects wafer-fabrication-equipment spending to exceed $200 billion in 2027, driven by AI infrastructure, memory upgrades and advanced manufacturing. Customer Support revenue is expected to grow more than 30%, while Aether dry-resist revenue is projected to reach $2.5 billion cumulatively. LRCX Q1 Earnings Call Highlights
• Positive Sentiment: Some analysts remain bullish: Mizuho reiterated an Outperform rating and recommended buying the pullback, while Bank of America maintained a Buy rating. Erste Group also modestly increased its FY2027 and FY2028 EPS estimates. Mizuho recommends buying the pullback
• Neutral Sentiment: Guidance was broadly in line but leaves limited room for disappointment: Fiscal second-quarter revenue guidance of $8.2 billion-$9.0 billion and EPS guidance of $2.18-$2.48 bracket consensus estimates of $8.5 billion and $2.30, respectively. Mizuho trimmed its price target to $360 from $365, signaling continued upside but greater near-term caution.
• Negative Sentiment: Supply bottlenecks are limiting shipments: Component shortages and cleanroom capacity constraints could restrict equipment deliveries through 2027, preventing Lam from fully converting strong demand into revenue. Lam Research says supply bottlenecks are holding back revenue
• Negative Sentiment: China exposure and sector pressure are weighing on sentiment: China’s revenue contribution is expected to decline substantially from 35% in the September quarter. Citi warned of additional downside for Lam and peers, while a broad AI-chip sell-off amplified concerns about valuations and spending.

Lam Research Profile

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.