Associated Banc Corp Trims Stake in Lam Research Corporation $LRCX

Associated Banc Corp reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 22.7% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 598,959 shares of the semiconductor company’s stock after selling 175,971 shares during the quarter. Lam Research comprises about 3.4% of Associated Banc Corp’s investment portfolio, making the stock its 5th largest position. Associated Banc Corp’s holdings in Lam Research were worth $127,974,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. PMV Capital Advisers LLC acquired a new stake in Lam Research in the 4th quarter valued at $25,000. Stance Capital LLC acquired a new stake in shares of Lam Research in the third quarter valued at about $26,000. Bayban acquired a new stake in shares of Lam Research in the fourth quarter valued at about $26,000. Vermillion Wealth Management Inc. acquired a new position in Lam Research during the first quarter valued at approximately $26,000. Finally, Cedar Mountain Advisors LLC grew its stake in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In other news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 Eric Brandt sold 54,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 86,339 shares of company stock worth $27,680,267. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

NASDAQ:LRCX traded down $2.84 during trading hours on Friday, reaching $350.33. 6,880,746 shares of the company were exchanged, compared to its average volume of 13,276,366. The company has a market capitalization of $438.11 billion, a P/E ratio of 66.10, a P/E/G ratio of 2.07 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. The business has a 50 day moving average of $334.89 and a 200 day moving average of $263.61.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. Lam Research’s revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts forecast that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is 19.62%.

More Lam Research News

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

• Positive Sentiment: Mizuho raised its price target on Lam Research to $400 from $380 and kept an outperform rating, adding to the bullish analyst momentum around the stock.
• Positive Sentiment: Stifel Nicolaus boosted its target to $425 from $325 and reiterated a buy rating, citing above-consensus estimates and suggesting further upside for LRCX.
• Positive Sentiment: Needham also increased its target to $390 from $300 and maintained a buy rating, reinforcing the view that Lam Research is well positioned to benefit from AI-driven chip demand.
• Positive Sentiment: Additional coverage highlighted Lam Research as a beneficiary of broader AI infrastructure spending and possible easing of China-related chip restrictions, which could improve sentiment across semiconductor equipment names. Does AI Rebound and China Chip Access Shift Change The Bull Case For Lam Research (LRCX)?
• Neutral Sentiment: Lam Research announced that it will host its June quarter financial conference call and webcast on July 29, giving investors a near-term catalyst to watch.
• Neutral Sentiment: Short-interest data showed no meaningful change, with reported short interest at zero shares, so it does not appear to be a factor driving the move.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LRCX shares. Evercore upped their price target on shares of Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. 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. New Street Research upped their price objective on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Finally, B. Riley Financial lifted their target price on Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Twenty-eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $350.81.

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.