Montrusco Bolton Investments Inc. trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 3.5% during the third quarter, Holdings Channel reports. The firm owned 648,283 shares of the semiconductor company’s stock after selling 23,199 shares during the period. Lam Research comprises 3.4% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 8th biggest holding. Montrusco Bolton Investments Inc.’s holdings in Lam Research were worth $212,967,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Paladin Partners LLC acquired a new position in shares of Lam Research in the 2nd quarter worth approximately $26,000. Dakota Community Bank & Trust NA acquired a new stake in Lam Research in the 3rd quarter valued at $33,000. Quintet Private Bank Europe S.A. boosted its stake in Lam Research by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 50 shares in the last quarter. Bravera Wealth bought a new stake in Lam Research in the second quarter valued at $46,000. Finally, Cedar Mountain Advisors LLC grew its position in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 85 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
LRCX has been the subject of a number of analyst reports. Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the company an “overweight” rating in a report on Monday, June 29th. Citigroup restated a “buy” rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Susquehanna reaffirmed a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. B. Riley Financial increased their target price on shares of Lam Research from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Finally, Mizuho cut their price target on shares of Lam Research from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $364.59.
Lam Research Price Performance
NASDAQ LRCX traded down $8.45 during trading hours on Tuesday, reaching $301.11. 8,154,915 shares of the company’s stock were exchanged, compared to its average volume of 10,660,391. The firm has a fifty day moving average of $311.28 and a 200-day moving average of $306.87. Lam Research Corporation has a one year low of $134.04 and a one year high of $438.50. The stock has a market cap of $376.82 billion, a PE ratio of 52.28, a price-to-earnings-growth ratio of 1.26 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.
Lam Research (NASDAQ:LRCX – Get Free Report) 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 analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities research analysts predict that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.
Lam Research Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 annualized dividend and a yield of 0.4%. Lam Research’s dividend payout ratio is currently 22.92%.
Lam Research News Summary
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Analyst estimates and price targets remain supportive. DBS Bank raised its price target for Lam Research to $416, while Erste Group increased its FY2027 EPS estimate to $9.40 from $9.34 and FY2028 EPS estimate to $11.99 from $11.68. DBS Bank lifts target to USD 416 for Lam Research stock
- Positive Sentiment: Expectations for upcoming results are strong. UBS reportedly expects Lam Research to deliver strong results and guidance, while recent quarterly results showed record revenue, margins and EPS, with management guiding to another solid quarter. Lam Research, TI and Western Digital are likely to post strong results, guidance: UBS
- Neutral Sentiment: The next major catalyst is the October 21 earnings call. Investors are likely to focus on Lam Research’s outlook for wafer-fabrication equipment demand, AI-related spending and its fiscal 2027 guidance. The stock’s elevated valuation means results and guidance may need to exceed expectations to support further gains.
- Negative Sentiment: Broad semiconductor-equipment selling is the main near-term headwind. Applied Materials, Lam Research and KLA all weakened as investors locked in gains and reassessed expensive AI-related chip stocks ahead of important industry earnings reports. Because Lam is closely tied to semiconductor capital-spending cycles, it tends to move with the group even without negative company news. Semiconductor Equipment Stocks Slide as Investors Take Profits on a Huge Year
- Negative Sentiment: Reported insider activity may add to investor caution. Quiver Quantitative data shows 55 insider sales and no purchases over the past six months, although such transactions may reflect scheduled sales or diversification rather than a direct view of business prospects. Why Lam Research Stock Is Down Today
Insider Transactions at Lam Research
In other Lam Research news, insider Ava Harter sold 5,000 shares of the firm’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 owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This 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 Company 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.
Read More
- Five stocks we like better than Lam Research
- A Chinese Rival Just Spooked Memory Stocks—How Worried Should Micron Investors Be?
- Could T-Mobile’s Satellite Competition Fears Create a Buying Opportunity?
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures Its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX – Free Report).
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.
