63,560 Shares in Lam Research Corporation $LRCX Bought by NS Partners Ltd

NS Partners Ltd purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the second quarter, HoldingsChannel reports. The fund purchased 63,560 shares of the semiconductor company’s stock, valued at approximately $27,542,000. Lam Research comprises 1.2% of NS Partners Ltd’s portfolio, making the stock its 27th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac acquired a new stake in Lam Research during the fourth quarter valued at $10,035,000. Rokos Capital Management LLP boosted its stake in shares of Lam Research by 42.0% during the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock worth $55,532,000 after acquiring an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Lam Research during the 1st quarter valued at about $59,973,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Lam Research in the 1st quarter valued at about $26,489,000. Finally, Krilogy Financial LLC increased its stake in shares of Lam Research by 19.5% in the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after purchasing an additional 4,584 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Susquehanna reissued a “positive” rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Morgan Stanley dropped their price target on shares of Lam Research from $404.00 to $367.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Bank of America lifted their target price on shares of Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. UBS Group restated a “buy” rating and set a $375.00 target price (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Finally, Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $357.31.

Lam Research Stock Down 0.1%

Shares of NASDAQ LRCX opened at $301.49 on Tuesday. The business’s 50 day moving average is $328.26 and its two-hundred day moving average is $290.09. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50. The firm has a market cap of $377.26 billion, a price-to-earnings ratio of 52.34, a PEG ratio of 1.20 and a beta of 1.84. 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 released its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the company posted $1.33 EPS. Lam Research’s revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts predict that Lam Research Corporation will post 9.33 EPS for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s payout ratio is currently 18.06%.

Insider Buying and Selling

In other news, 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 completion of the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% 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. Corporate insiders own 0.31% of the company’s stock.

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.