Harbor Island Capital LLC Sells 10,907 Shares of Lam Research Corporation $LRCX

Harbor Island Capital LLC lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 148,878 shares of the semiconductor company’s stock after selling 10,907 shares during the quarter. Lam Research makes up about 17.2% of Harbor Island Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Harbor Island Capital LLC’s holdings in Lam Research were worth $64,513,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new stake in Lam Research during the 4th quarter worth $3,645,427,000. Price T Rowe Associates Inc. MD boosted its stake in Lam Research by 352.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after acquiring an additional 10,666,540 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Lam Research by 411.8% during the second 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 purchased a new position in shares of Lam Research during the second quarter worth about $3,777,585,000. Finally, Franklin Resources Inc. increased its position in shares of Lam Research by 57.0% during the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock worth $1,730,724,000 after purchasing an additional 3,671,073 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LRCX. Rothschild & Co Redburn boosted their target price on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Wells Fargo & Company restated an “overweight” rating and set a $350.00 price target (down from $450.00) on shares of Lam Research in a research note on Thursday, July 30th. Susquehanna reaffirmed a “positive” rating and set a $475.00 price target (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Morgan Stanley reduced their price objective on Lam Research from $404.00 to $367.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. Finally, B. Riley Financial reduced their price objective on Lam Research from $385.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. One equities research 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. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $358.97.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $290.20 on Wednesday. The company has a 50-day simple moving average of $326.64 and a 200-day simple moving average of $290.48. Lam Research Corporation has a one year low of $94.11 and a one year high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The stock has a market capitalization of $363.13 billion, a price-to-earnings ratio of 50.38, a PEG ratio of 1.20 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts predict that Lam Research Corporation will post 9.33 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is 18.06%.

Insiders Place Their Bets

In other news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 5,000 shares of the stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the sale, the insider directly owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This represents a 10.53% 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. In the last ninety days, insiders sold 77,782 shares of company stock valued at $26,755,370. 0.31% of the stock is owned by company insiders.

More Lam Research News

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

• Positive Sentiment: UBS maintained a Buy rating and set a $425 price target, down from $435 but still implying substantial potential upside. The target reflects continued confidence in Lam’s semiconductor-equipment opportunity. UBS price-target article
• Positive Sentiment: Recent coverage highlights strong semiconductor demand, AI infrastructure investment and Lam’s earnings momentum. The company recently exceeded quarterly earnings and revenue expectations, while revenue increased year over year; it also raised its dividend by 27%. Dividend increase article
• Neutral Sentiment: Analysts and investor commentary remain divided: some view the recent pullback as a buying opportunity, while others caution that Lam’s valuation and exposure to China could limit near-term returns. Lam Research pullback analysis
• Negative Sentiment: A global bond selloff pushed long-term yields higher, pressuring high-multiple semiconductor stocks. Higher yields can raise corporate financing costs and reduce the present value investors assign to future growth. Semiconductor sector selloff article
• Negative Sentiment: An insider sold 5,000 shares worth approximately $1.5 million. The transaction was made under a pre-arranged Rule 10b5-1 plan, which reduces its signaling value, but it still adds to short-term selling pressure. SEC insider-sale filing
• Negative Sentiment: Crude oil’s surge and higher benchmark Treasury yields revived inflation concerns, reinforcing worries that interest rates may remain restrictive for longer and weighing on LRCX alongside other semiconductor stocks. Market selloff article

Lam Research 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.