Lam Research Corporation $LRCX Shares Acquired by BDF Gestion

BDF Gestion grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 12.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 23,601 shares of the semiconductor company’s stock after acquiring an additional 2,647 shares during the period. Lam Research comprises 1.1% of BDF Gestion’s portfolio, making the stock its 16th biggest holding. BDF Gestion’s holdings in Lam Research were worth $7,753,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of LRCX. World Equity Group Inc. lifted its holdings in shares of Lam Research by 0.5% during 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 period. Vann Equity Management LLC increased its stake in Lam Research by 1.1% in the third quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company’s stock valued at $944,000 after acquiring an additional 31 shares during the last quarter. Tenzing Financial LLC raised its position in Lam Research by 3.5% during the second 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 in the last quarter. Advus Financial Partners LLC raised its position in Lam Research by 1.0% during the second 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 in the last quarter. Finally, Paragon Private Wealth Management LLC lifted its stake in Lam Research by 1.3% during the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock worth $1,178,000 after purchasing an additional 35 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $385.00 target price (up from $367.00) on shares of Lam Research in a report on Monday, October 5th. Berenberg Bank set a $420.00 price target on Lam Research in a research note on Wednesday, September 9th. Evercore restated an “outperform” rating and set a $355.00 price objective on shares of Lam Research in a research report on Monday, July 20th. Fundamental Research set a $390.00 price objective on Lam Research in a research report on Thursday, October 1st. Finally, UBS Group dropped their price objective on shares of Lam Research from $435.00 to $425.00 and set a “buy” rating for the company in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $366.36.

Lam Research Trading Up 4.5%

Shares of LRCX stock traded up $11.92 during mid-day trading on Monday, reaching $275.86. 4,455,381 shares of the stock traded hands, compared to its average volume of 10,642,356. The stock’s fifty day simple moving average is $309.03 and its two-hundred day simple moving average is $308.80. Lam Research Corporation has a 1-year low of $135.50 and a 1-year high of $438.50. The company has a market cap of $345.22 billion, a price-to-earnings ratio of 47.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85. 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 quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion during 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 firm’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts anticipate that Lam Research Corporation will post 9.34 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is presently 22.92%.

Insider Buying and Selling

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This trade represents 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. Insiders own 0.31% of the company’s stock.

About Lam Research

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.