Lam Research Corporation $LRCX Stock: N10 Assets LLC Grows Stake

N10 Assets LLC raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,940 shares of the semiconductor company’s stock after acquiring an additional 3,464 shares during the quarter. Lam Research makes up 4.4% of N10 Assets LLC’s portfolio, making the stock its 10th largest holding. N10 Assets LLC’s holdings in Lam Research were worth $12,135,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of LRCX. Paladin Partners LLC bought a new position in Lam Research in the 2nd quarter worth $26,000. Dakota Community Bank & Trust NA bought a new stake in Lam Research during the third quarter valued at about $33,000. Quintet Private Bank Europe S.A. grew its holdings in Lam Research by 100.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 50 shares during the period. Bravera Wealth bought a new stake in Lam Research during the second quarter valued at about $46,000. Finally, Cedar Mountain Advisors LLC increased its position in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after buying an additional 85 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Activity

In related news, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction that occurred on 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 transaction, the director directly owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 42,462 shares of the company’s stock, valued at $12,843,056.52. The trade was a 10.53% 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. Company insiders own 0.31% of the company’s stock.

Key Lam Research News

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

• Positive Sentiment: Analysts see upside potential: The consensus price target implies approximately 25.6% potential appreciation. Zacks notes that rising earnings-estimate revisions could support the stock, although price targets alone have limited predictive value. Wall Street Analysts See a 25.6% Upside in Lam Research
• Positive Sentiment: Favorable earnings outlook: Erste Group Bank raised its FY2027 EPS estimate to $9.40 from $9.34 and its FY2028 forecast to $11.99 from $11.68. UBS also expects Lam Research to deliver strong results and guidance, and recent analysis describes a solid FY2027 setup ahead of the report. UBS Expects Strong Results and Guidance
• Neutral Sentiment: Earnings are the immediate catalyst: Lam Research is scheduled to report earnings Wednesday. Investors will focus on demand for wafer-fabrication equipment, AI-related semiconductor spending and forward guidance. The company’s latest quarter showed record revenue, operating margin and EPS, with guidance for another strong quarter. Lam Research Set to Post Earnings
• Negative Sentiment: Sector-wide profit-taking pressured the stock: Semiconductor-equipment shares, including Lam Research, fell as investors reduced exposure after a strong AI-driven run and reassessed elevated valuations ahead of key industry earnings. The stock also declined for seven consecutive sessions. Semiconductor Equipment Stocks Slide as Investors Take Profits
• Negative Sentiment: Insider selling is a secondary concern: Reported insider activity over the past six months showed sales without purchases, including transactions by executives. This may weigh on sentiment, although the broader sector selloff appears to be the primary near-term driver.

Lam Research Price Performance

Lam Research stock traded down $14.95 during mid-day trading on Wednesday, hitting $286.16. The stock had a trading volume of 4,085,764 shares, compared to its average volume of 10,625,116. The firm has a market capitalization of $358.10 billion, a P/E ratio of 49.82, a P/E/G ratio of 1.23 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The firm’s 50 day moving average is $310.95 and its 200 day moving average is $307.35. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. Lam Research’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, sell-side analysts forecast that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This is an increase from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, September 23rd. Lam Research’s dividend payout ratio (DPR) is 22.92%.

Analyst Ratings Changes

Several research analysts have recently commented on LRCX shares. Evercore reaffirmed an “outperform” rating and issued a $355.00 price objective on shares of Lam Research in a research note on Monday, July 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $390.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Morgan Stanley reiterated an “overweight” rating and set a $385.00 price objective (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. Susquehanna reissued a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Finally, Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the stock an “overweight” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $364.59.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.