29,953 Lam Research Corporation $LRCX Shares Acquired by Prairie Advisory LLC

Prairie Advisory LLC increased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 82.1% in the third quarter, Holdings Channel.com reports. The firm owned 66,444 shares of the semiconductor company’s stock after purchasing an additional 29,953 shares during the period. Lam Research accounts for 2.5% of Prairie Advisory LLC’s investment portfolio, making the stock its 11th largest holding. Prairie Advisory LLC’s holdings in Lam Research were worth $21,827,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in Lam Research by 2.6% in the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock valued at $26,320,468,000 after buying an additional 1,545,830 shares during the period. Bank of America Corp DE increased its stake in shares of Lam Research by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after acquiring an additional 584,489 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Lam Research by 411.8% during 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. Amundi lifted its holdings in shares of Lam Research by 23.7% during the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after acquiring an additional 1,942,862 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Lam Research by 2.0% in the first quarter. Janus Henderson Group PLC now owns 9,265,026 shares of the semiconductor company’s stock worth $1,975,244,000 after acquiring an additional 181,087 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lam Research

In related news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction 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 transaction, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director directly owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is owned by corporate insiders.

Lam Research Trading Up 4.2%

Shares of NASDAQ:LRCX traded up $11.21 during trading on Monday, reaching $275.15. 4,754,162 shares of the stock were exchanged, compared to its average volume of 10,646,209. The firm’s 50-day moving average price is $309.03 and its 200 day moving average price is $308.80. The firm has a market cap of $344.33 billion, a price-to-earnings ratio of 47.84, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last 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, sell-side analysts anticipate that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This is an increase from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is currently 22.92%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. B. Riley Financial boosted their target price on shares of Lam Research from $350.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $385.00 price target (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $375.00 price target on shares of Lam Research in a report on Monday. Finally, Mizuho dropped their price objective on Lam Research from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. One research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $366.36.

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.