Lam Research Corporation $LRCX Stock: New York Life Investment Management LLC Boosts Holdings

New York Life Investment Management LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.9% in the third quarter, Holdings Channel.com reports. The fund owned 211,558 shares of the semiconductor company’s stock after acquiring an additional 5,975 shares during the quarter. New York Life Investment Management LLC’s holdings in Lam Research were worth $69,499,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Polaris Financial Partners acquired a new position in shares of Lam Research during the third quarter valued at about $4,814,000. Bank of America Corp DE grew its holdings in Lam Research by 5.5% during the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock worth $4,872,426,000 after buying an additional 584,489 shares in the last quarter. Rokos Capital Management LLP raised its holdings in shares of Lam Research by 42.0% in the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock valued at $55,532,000 after purchasing an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in shares of Lam Research during the first quarter valued at approximately $59,973,000. Finally, Meeder Asset Management Inc. raised its position in Lam Research by 50.7% in the first quarter. Meeder Asset Management Inc. now owns 37,383 shares of the semiconductor company’s stock worth $7,987,000 after acquiring an additional 12,574 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Lam’s gross margin reached a record 52.4% in Q1 2027, supported by strong demand and a favorable product mix. This points to strong profitability, though supply constraints could limit further improvement. Lam Research’s Gross Margin Hits 52.4%: Can it Climb Further?
• Positive Sentiment: Recent coverage cited a $25 billion buyback plan, along with AI-related demand and strong earnings, as support for investor interest in the shares. LRCX Gains 8% on a $25B Buyback Plan
• Positive Sentiment: Analyst coverage remains bullish on Lam, while broader investment in high-bandwidth memory capacity could create additional demand for semiconductor manufacturing equipment. Analysts Are Bullish on Top Technology Stocks The Next AI Chip Shortage May Be the Machines That Make HBM
• Neutral Sentiment: Lam appointed longtime employee Kim Tae-won to lead its Korean operations, a region important to the company’s relationships with major chipmakers. The announcement may support execution but provides no immediate financial forecast. Lam Research Names Kim Tae Won To Lead Korea Operations
• Negative Sentiment: ETFs were net sellers of $143.1 million of LRCX shares on Nov. 6, indicating some institutional selling pressure. ETFs Are Net Sellers of Lam Research

Lam Research Price Performance

Shares of LRCX opened at $222.39 on Wednesday. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50. The firm’s 50-day simple moving average is $281.18 and its two-hundred day simple moving average is $283.65. The stock has a market cap of $277.80 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 0.82 and a beta of 1.97. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 2.48.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.02. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The firm had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same period last year, the business earned $1.26 earnings per share. The business’s revenue was up 54.4% on a year-over-year basis. Analysts anticipate that Lam Research Corporation will post 9.60 earnings per share for the current fiscal year.

Lam Research announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 5th that allows the company to buy back $25 billion in shares. This buyback authorization allows the semiconductor company to buy up to 9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Wednesday, December 2nd will be 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 of this dividend is Wednesday, December 2nd. Lam Research’s dividend payout ratio (DPR) is 19.67%.

Insiders Place Their Bets

In other news, insider Ava Harter sold 5,000 shares of the stock in a transaction 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 sale, the insider directly owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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 firm’s stock in a transaction on 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 transaction, the director 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 SEC filing for this sale provides additional information. Insiders have sold 14,573 shares of company stock valued at $4,523,606 in the last quarter. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LRCX. Citigroup reissued a “buy” rating and issued a $435.00 price target (down from $450.00) on shares of Lam Research in a research report on Thursday, October 22nd. Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. B. Riley Financial cut their price objective on shares of Lam Research from $338.00 to $310.00 and set a “buy” rating for the company in a research note on Monday. Finally, Mizuho decreased their target price on shares of Lam Research from $365.00 to $360.00 and set an “outperform” rating on the stock in a research report on Thursday, October 22nd. Twenty-six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $357.57.

Lam Research Company Profile

Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits. The company’s wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations. Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.