Lam Research Corporation $LRCX Stake Cut by Parkway Wealth Management Group LLC

by · The Markets Daily

Parkway Wealth Management Group LLC lessened its holdings in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 18.5% in the third quarter, HoldingsChannel.com reports. The firm owned 12,660 shares of the semiconductor company’s stock after selling 2,877 shares during the period. Parkway Wealth Management Group LLC’s holdings in Lam Research were worth $4,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Bayban acquired a new stake in shares of Lam Research during the fourth quarter worth $26,000. Vermillion Wealth Management Inc. bought a new position in shares of Lam Research in the 1st quarter worth about $26,000. Cedar Mountain Advisors LLC boosted its holdings in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 85 shares during the period. Paladin Partners LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at about $26,000. Finally, Sankala Group LLC acquired a new position in shares of Lam Research in the 4th quarter valued at about $31,000. Institutional investors own 84.61% of the company’s stock.

Trending Headlines about Lam Research

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

  • Positive Sentiment: Strong earnings momentum: Lam’s latest reported quarter produced record revenue of $6.72 billion, up 30% year over year, while EPS of $1.82 exceeded expectations. The company also issued forward guidance above analyst forecasts, reinforcing confidence in continued growth. Learn Why The Bull Case For Lam Research Stock Could Change Following Earnings Beat
  • Positive Sentiment: AI and memory demand remain key catalysts: Investors expect rising DRAM investment, advanced packaging and wafer-fabrication capacity for AI, 5G and advanced automotive chips to support Lam’s equipment orders and service revenue. LRCX to Report Q1 Earnings: Should You Buy, Hold or Sell the Stock?
  • Positive Sentiment: Analyst support: Deutsche Bank reportedly expects strong results and raised or reiterated a bullish view, helping LRCX participate in a broader semiconductor-sector rally. Lam Research Stock Jumps Ahead of This Week’s Earnings – Here’s Why
  • Neutral Sentiment: Results are the next major test: Lam Research is scheduled to report fiscal first-quarter results after the market closes on Wednesday. Investors will focus on revenue, free cash flow, bookings, memory exposure and guidance for evidence that AI-related demand is translating into sustained orders. Lam Research Q3 Earnings: What To Expect
  • Negative Sentiment: Technical and positioning risks remain: Despite solid fundamentals, the stock recently fell sharply from its yearly high, with technical analysis pointing to possible additional downside. ETF net selling and a premium valuation also leave the shares vulnerable if earnings or guidance disappoint. Lam Research stock: Wyckoff points to more downside despite revenue growth

Lam Research Trading Up 3.1%

NASDAQ:LRCX opened at $272.20 on Tuesday. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50. The stock has a market cap of $340.64 billion, a price-to-earnings ratio of 47.26, a PEG ratio of 1.05 and a beta of 1.85. The business has a fifty day moving average of $308.34 and a 200-day moving average of $309.21. 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 (NASDAQ:LRCX – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities analysts predict that Lam Research Corporation will post 9.34 earnings per share for the current year.

Lam Research Increases Dividend

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

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. UBS Group lowered their price objective on shares of Lam Research from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, September 1st. Fundamental Research set a $390.00 price objective on shares of Lam Research in a research note on Thursday, October 1st. Mizuho cut their target price on shares of Lam Research from $370.00 to $365.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th. Stifel Nicolaus raised their target price on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Berenberg Bank set a $420.00 target price on Lam Research in a research note on Wednesday, September 9th. One investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $366.36.

Get Our Latest Stock Report on Lam Research

Insider Transactions at Lam Research

In related news, insider Ava Harter sold 5,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the transaction, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This represents a 10.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 shares were 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 in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.31% of the company’s stock.

Lam Research Profile

(Free Report)

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.

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