Rakuten Investment Management Inc. Purchases New Stake in Lam Research Corporation $LRCX

Rakuten Investment Management Inc. purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 377,926 shares of the semiconductor company’s stock, valued at approximately $122,395,000. Lam Research makes up approximately 0.3% of Rakuten Investment Management Inc.’s portfolio, making the stock its 26th largest position.

Other institutional investors and hedge funds also recently modified their holdings of the company. World Equity Group Inc. grew its holdings in shares of Lam Research by 0.5% in the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock worth $2,416,000 after acquiring an additional 29 shares during the last quarter. Vann Equity Management LLC lifted its holdings in shares of Lam Research by 1.1% during the third quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company’s stock valued at $944,000 after purchasing an additional 31 shares during the last quarter. Tenzing Financial LLC boosted its position in shares of Lam Research by 3.5% in the 2nd quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 34 shares during the period. Advus Financial Partners LLC boosted its position in shares of Lam Research by 1.0% in the 2nd quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after purchasing an additional 34 shares during the period. Finally, Paragon Private Wealth Management LLC boosted its position in shares of Lam Research by 1.3% in the 2nd quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock valued at $1,178,000 after purchasing an additional 35 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Reports pointed to strong AI-chip demand and December-quarter guidance that helped support a Tuesday rebound; Jim Cramer’s endorsement also added to the positive sentiment. What Is Going on With Lam Research Stock on Tuesday? The wider semiconductor sector’s recovery provided another tailwind. Lam Research Stock Rises Amid Semiconductor Sector Rebound
• Positive Sentiment: Bernstein reportedly sees 53% potential upside after LRCX fell 34% over the past month, suggesting some analysts view the selloff as an opportunity. Bernstein Sees Upside in Lam Research
• Neutral Sentiment: Lam reported a record September quarter, with revenue of $8.22 billion and net income of $2.75 billion. Its December-quarter revenue outlook of about $8.6 billion and EPS guidance near $2.33 were broadly in line with expectations, limiting the positive surprise. Should Cautious Guidance Require Action From Lam Research Investors?
• Negative Sentiment: Component shortages could constrain execution, while management expects China-related revenue to decline in the near term. These risks, alongside concerns about AI spending across chip-equipment makers, contributed to the post-earnings selloff and may keep volatility elevated. Is Lam Research Stock’s Fall a Bargain or a Warning?

Insider Transactions at Lam Research

In other news, 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 value of $1,512,300.00. Following the transaction, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This represents a 10.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were 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 owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of analyst reports. TD Cowen reissued a “buy” rating and issued a $400.00 price target (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. UBS Group reaffirmed a “buy” rating and set a $400.00 price objective (down from $425.00) on shares of Lam Research in a research note on Thursday, October 22nd. Fundamental Research set a $390.00 target price on shares of Lam Research in a report on Thursday, October 1st. HSBC reiterated a “hold” rating and issued a $333.00 target price on shares of Lam Research in a report on Monday, July 27th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $350.00 target price (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Twenty-six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $360.23.

Lam Research Price Performance

LRCX opened at $230.72 on Wednesday. The firm has a market capitalization of $288.21 billion, a P/E ratio of 34.38, a PEG ratio of 0.84 and a beta of 1.97. The stock has a fifty day moving average of $291.15 and a 200-day moving average of $283.95. The company has a quick ratio of 1.86, a current ratio of 2.48 and a debt-to-equity ratio of 0.27. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The business had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. Lam Research’s revenue for the quarter was up 54.4% compared to the same quarter last year. Equities analysts forecast that Lam Research Corporation will post 9.59 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Wednesday, September 23rd. This is a boost from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio is 19.67%.

Lam Research Profile

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.