14,768 Shares in Lam Research Corporation $LRCX Bought by Polaris Financial Partners

Polaris Financial Partners purchased a new position in Lam Research Corporation (NASDAQ:LRCX) during the 3rd quarter, HoldingsChannel reports. The firm purchased 14,768 shares of the semiconductor company’s stock, valued at approximately $4,814,000. Lam Research accounts for about 2.2% of Polaris Financial Partners’ portfolio, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its position in Lam Research by 2.6% in the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after buying an additional 1,545,830 shares during the period. Invesco Ltd. boosted its holdings in shares of Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after acquiring an additional 1,638,406 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Lam Research by 17.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 13,349,470 shares of the semiconductor company’s stock worth $2,285,162,000 after acquiring an additional 2,008,605 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Lam Research by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock worth $4,872,426,000 after acquiring an additional 584,489 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after acquiring an additional 8,922,854 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on LRCX shares. Susquehanna reissued a “positive” rating and set a $475.00 target price (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price target (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Barclays reissued an “overweight” rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Finally, Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.01.

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Talwalkar sold 18,282 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 32,839 shares of company stock worth $10,644,740. 0.31% of the stock is owned by corporate insiders.

Lam Research News Summary

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

• Positive Sentiment: Optimistic earnings outlook: An earnings preview argues that Lam Research’s rally could continue, supported by artificial-intelligence infrastructure spending and sustained demand for wafer-fabrication equipment. Investors are likely watching for evidence that growth will remain strong in the next report. Lam Research: This Rally Has Legs (Earnings Preview)
• Positive Sentiment: Analyst support: B. Riley raised its price target from $350 to $390 and maintained a “buy” rating. Bank of America’s designation of LRCX as a top pick also reinforces the view that equipment demand may be stronger than previously expected. Does Lam Research Being a BofA Top Pick Reframe Its Equipment Demand Narrative?
• Positive Sentiment: Strong financial performance: Lam’s latest quarterly results exceeded expectations, with earnings of $1.82 per share versus a $1.69 consensus estimate and revenue of $6.72 billion. Revenue increased 30% year over year, while the company also raised its dividend, strengthening the bullish case. Lam Research Stock Gains Ground on Strong Earnings and Dividend Hike

Lam Research Price Performance

NASDAQ LRCX traded up $7.39 on Friday, reaching $347.49. 7,447,144 shares of the stock traded hands, compared to its average volume of 10,799,794. Lam Research Corporation has a 12 month low of $131.02 and a 12 month high of $438.50. The company has a market cap of $434.86 billion, a price-to-earnings ratio of 60.33, a P/E/G ratio of 1.30 and a beta of 1.85. The firm’s fifty day simple moving average is $305.26 and its 200 day simple moving average is $301.94. 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 quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, research analysts predict that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 0.4%. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. Lam Research’s dividend payout ratio (DPR) is presently 22.92%.

Lam Research Profile

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.