AEGON ASSET MANAGEMENT UK Plc Lowers Holdings in Lam Research Corporation $LRCX

AEGON ASSET MANAGEMENT UK Plc decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 33.9% during the first quarter, HoldingsChannel.com reports. The firm owned 141,982 shares of the semiconductor company’s stock after selling 72,711 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc’s holdings in Lam Research were worth $30,313,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LRCX. Brighton Jones LLC increased its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 12,936 shares in the last quarter. Caxton Associates LLP purchased a new position in Lam Research in the 1st quarter worth approximately $239,000. Gabelli Funds LLC bought a new position in Lam Research in the 2nd quarter valued at approximately $253,000. NewEdge Advisors LLC boosted its stake in Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. boosted its stake in Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 781 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 86,339 shares of company stock valued at $27,680,267. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of LRCX opened at $389.04 on Friday. The firm has a market cap of $486.52 billion, a PE ratio of 73.40, a P/E/G ratio of 3.21 and a beta of 1.85. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $301.75 and a two-hundred day simple moving average of $241.57. Lam Research Corporation has a 1-year low of $87.75 and a 1-year high of $401.00.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company’s revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 5.7 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s dividend payout ratio is currently 19.62%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LRCX shares. HSBC boosted their price target on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a research note on Friday, April 24th. Citigroup reaffirmed a “buy” rating and set a $450.00 price objective (up from $315.00) on shares of Lam Research in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Susquehanna lifted their price objective on Lam Research from $350.00 to $385.00 and gave the stock a “positive” rating in a report on Thursday, April 23rd. Finally, Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.62.

Lam Research News Summary

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

• Positive Sentiment: Analysts and market commentary continue to highlight Lam Research as a key winner from the AI infrastructure buildout, with reports suggesting its wafer-fab equipment opportunity may be larger than expected. Lam Research Corporation (LRCX)’s WFE Opportunity May Be Bigger Than Expected
• Positive Sentiment: Oppenheimer raised its price target on LRCX to $400 from $330 and reiterated an Outperform rating, reinforcing the view that AI-related demand can drive further growth. Lam Research Corporation (LRCX)’s WFE Opportunity May Be Bigger Than Expected
• Positive Sentiment: Zacks noted LRCX jumped on above-average volume and said improving earnings estimate revisions could support more near-term upside. Lam Research (LRCX) Moves 4.0% Higher: Will This Strength Last?
• Positive Sentiment: Coverage from GuruFocus highlighted LRCX’s strong profitability and recent 4% share gain, which may be encouraging momentum investors. Lam Research Corp (LRCX) Shares Surge 4.0% — What GF Score of 85 Tells Investors
• Neutral Sentiment: Several articles framed LRCX as an attractive stock on momentum and profitability grounds, but these were largely descriptive and did not introduce a major new catalyst. Are You Looking for a Top Momentum Pick? Why Lam Research (LRCX) is a Great Choice
• Negative Sentiment: Some comparative coverage argued Texas Instruments may be a better semiconductor buy than Lam Research due to valuation and growth visibility, which could temper enthusiasm at the margin. TXN vs. LRCX: Which Semiconductor Stock Is the Better Buy Right Now?
• Negative Sentiment: Fresh put-option activity in LRCX suggests some traders are hedging or betting on downside after the rally. Stock Traders Buy High Volume of Put Options on Lam Research (NASDAQ:LRCX)

About Lam Research

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.