Lam Research Corporation $LRCX Shares Acquired by Andra AP fonden

Andra AP fonden increased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 189,539 shares of the semiconductor company’s stock after purchasing an additional 10,800 shares during the period. Lam Research accounts for about 0.9% of Andra AP fonden’s investment portfolio, making the stock its 19th largest holding. Andra AP fonden’s holdings in Lam Research were worth $82,133,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LRCX. State Street Corp grew its holdings in shares of Lam Research by 2.6% during the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock valued at $26,320,468,000 after acquiring an additional 1,545,830 shares in the last quarter. Security National Bank of Sioux City Iowa IA increased its position in Lam Research by 24.9% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 15,734 shares of the semiconductor company’s stock worth $6,818,000 after purchasing an additional 3,140 shares during the last quarter. Wellington Altus USA Inc. increased its position in Lam Research by 39.3% in the 2nd quarter. Wellington Altus USA Inc. now owns 1,686 shares of the semiconductor company’s stock worth $731,000 after purchasing an additional 476 shares during the last quarter. Smith Chas P & Associates PA Cpas purchased a new stake in shares of Lam Research during the 2nd quarter worth about $280,000. Finally, Talon Private Wealth LLC acquired a new stake in shares of Lam Research during the 2nd quarter valued at about $1,081,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $390.00 price objective on shares of Lam Research in a report on Thursday, July 30th. Berenberg Bank set a $420.00 target price on shares of Lam Research in a research report on Wednesday, September 9th. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Bank of America raised their price target on shares of Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, Citigroup reiterated a “buy” rating and issued a $450.00 price objective (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. One equities research 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, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $361.81.

Lam Research Price Performance

Lam Research stock traded up $4.12 during mid-day trading on Tuesday, hitting $306.40. 3,142,173 shares of the company were exchanged, compared to its average volume of 10,872,922. The company has a market capitalization of $383.40 billion, a PE ratio of 53.28, a price-to-earnings-growth ratio of 1.14 and a beta of 1.85. The business has a fifty day moving average of $305.98 and a 200 day moving average of $296.00. Lam Research Corporation has a 1-year low of $125.02 and a 1-year high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 9.33 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, September 23rd. This is a boost from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 18.06%.

Insider Activity

In related news, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. 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. Over the last ninety days, insiders sold 32,839 shares of company stock worth $10,644,740. 0.31% of the stock is owned by corporate insiders.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.