Burney Co. Sells 91,600 Shares of Lam Research Corporation $LRCX

Posted by ABMN Staff on Jul 7th, 2026

Burney Co. cut its stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 28.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 234,899 shares of the semiconductor company’s stock after selling 91,600 shares during the period. Lam Research comprises about 1.6% of Burney Co.’s holdings, making the stock its 6th largest holding. Burney Co.’s holdings in Lam Research were worth $50,189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Greenup Street Wealth Management LLC grew its position in shares of Lam Research by 1.8% during the first quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock worth $520,000 after buying an additional 44 shares in the last quarter. Triumph Capital Management lifted its stake in Lam Research by 22.5% in the fourth quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 45 shares during the last quarter. Traphagen Investment Advisors LLC lifted its stake in Lam Research by 2.4% in the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after acquiring an additional 46 shares during the last quarter. Simplify Asset Management Inc. grew its holdings in Lam Research by 3.2% during the 1st quarter. Simplify Asset Management Inc. now owns 1,526 shares of the semiconductor company’s stock worth $326,000 after acquiring an additional 48 shares in the last quarter. Finally, Bank of Jackson Hole Trust grew its holdings in Lam Research by 12.6% during the 4th quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock worth $73,000 after acquiring an additional 48 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ LRCX opened at $350.20 on Tuesday. The company has a fifty day moving average of $326.35 and a two-hundred day moving average of $258.02. The company has a market capitalization of $437.95 billion, a PE ratio of 66.08, a P/E/G ratio of 2.10 and a beta of 1.80. Lam Research Corporation has a 1 year low of $90.93 and a 1 year high of $438.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77.

Lam Research (NASDAQ:LRCX – Get Free Report) last posted its 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 business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Dividend Announcement

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

Insider Transactions at Lam Research

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

Trending Headlines about Lam Research

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

Positive Sentiment: Goldman Sachs reportedly raised its price target on Lam Research, helping drive a broader rally in semiconductor equipment stocks as investors remain focused on AI infrastructure spending. 2 Chip Stocks Driving Today’s Rally With Lofty Bull Notes
Positive Sentiment: Morgan Stanley raised its price target on LRCX from $331 to $404 and kept an overweight rating, implying meaningful upside versus the current share price. Benzinga / The Fly report
Positive Sentiment: Susquehanna lifted its price target to $475 from $385 after channel checks suggested improving semiconductor equipment demand, reinforcing the bullish case for Lam Research. Susquehanna Lifts PT on Lam Research (LRCX) – Here’s Why
Positive Sentiment: Cantor Fitzgerald increased its target to $500 from $425 and maintained an overweight rating, citing the AI infrastructure buildout as a key long-term growth driver. Is Lam Research (LRCX) One of the Best Stocks on the Rise to Invest In?
Neutral Sentiment: Investors are also waiting for Lam Research’s upcoming earnings report, with analysts expecting double-digit bottom-line growth, which could add volatility depending on the outlook. What You Need to Know Ahead of Lam Research’s Earnings Release
Negative Sentiment: Some commentary remains cautious, with one article highlighting fears that AI chip demand may be plateauing and that semiconductor equipment stocks could face pressure if the sector’s growth slows. Lam Research (LRCX) Stock Falls As AI Demand Fears Clash With Company Guidance
Negative Sentiment: One fund manager called Lam Research overvalued, which adds to valuation concerns after the stock’s strong run. Vltava Fund: Lam Research (LRCX) Is Overvalued

Wall Street Analyst Weigh In

LRCX has been the topic of a number of analyst reports. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Stifel Nicolaus set a $500.00 target price on Lam Research in a report on Monday, June 29th. Needham & Company LLC restated a “buy” rating and issued a $300.00 price target on shares of Lam Research in a research note on Thursday, April 23rd. Seaport Research Partners began coverage on Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 price target for the company. Finally, Evercore upped their price objective on Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus target price of $347.75.

Check Out Our Latest Analysis on Lam Research

About Lam Research

(Free Report)

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.