Hosking Partners LLP grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 3.0% in the third quarter, Holdings Channel.com reports. The fund owned 87,593 shares of the semiconductor company’s stock after buying an additional 2,583 shares during the quarter. Hosking Partners LLP’s holdings in Lam Research were worth $28,775,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. State Street Corp raised its position in shares of Lam Research by 2.6% during the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after purchasing an additional 1,545,830 shares during the period. Bank of America Corp DE lifted its holdings in shares of Lam Research by 5.5% during the second 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 purchasing an additional 584,489 shares during the last quarter. Van ECK Associates Corp boosted its position 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 valued at $4,805,368,000 after purchasing an additional 8,922,854 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Lam Research in the 2nd quarter valued at $3,777,585,000. Finally, Amundi boosted its position in shares of Lam Research by 23.7% in the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock valued at $2,168,107,000 after purchasing an additional 1,942,862 shares during the period. 84.61% of the stock is owned by institutional investors.
Lam Research Price Performance
LRCX opened at $260.81 on Thursday. The stock has a fifty day moving average of $306.08 and a 200-day moving average of $309.80. The firm has a market capitalization of $326.38 billion, a P/E ratio of 45.28, a PEG ratio of 0.96 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 quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30.
Lam Research (NASDAQ:LRCX – Get Free Report) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.18 by $0.02. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The business had revenue of $8.22 billion during the quarter, compared to analysts’ expectations of $8.14 billion. During the same quarter last year, the firm posted $1.26 earnings per share. Lam Research’s revenue was up 54.4% compared to the same quarter last year. Equities analysts forecast that Lam Research Corporation will post 9.35 EPS for the current fiscal year.
Lam Research Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $1.32 annualized dividend and a yield of 0.5%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio (DPR) is currently 22.92%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on LRCX. Berenberg Bank set a $420.00 price target on Lam Research in a research note on Wednesday, September 9th. TD Cowen restated a “buy” rating and set a $400.00 price objective (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Evercore set a $315.00 price objective on shares of Lam Research in a research note on Tuesday. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Fundamental Research set a $390.00 target price on shares of Lam Research in a report on Thursday, October 1st. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.07.
Read Our Latest Stock Analysis on LRCX
Lam Research News Summary
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Lam Research reported fiscal first-quarter 2027 adjusted earnings of $2.20 per share, above consensus estimates of approximately $2.17–$2.18 and up from $1.26 a year earlier. Lam Research Beats Q1 Earnings and Revenue Estimates
- Positive Sentiment: Quarterly revenue reached $8.22 billion, exceeding the $8.14 billion analyst forecast, while the company reported a 31.27% net margin and 67.60% return on equity. Lam Research Earnings Report
- Neutral Sentiment: The results confirm continued demand for Lam’s semiconductor-manufacturing equipment, but the modest size of the earnings and revenue beats appears insufficient to justify the stock’s substantial prior rally or satisfy investors seeking stronger forward momentum. Lam Research Reports Financial Results
- Negative Sentiment: Post-earnings trading turned lower despite the beat, suggesting investors may have been looking for more positive guidance or evidence that AI-related equipment demand is accelerating. Why Lam Research Stock Slides After Hours
- Negative Sentiment: Chip-equipment sentiment was already weak before the report, with investors reducing risk after a roughly 53% year-to-date rally. Evercore also cut its price target ahead of earnings, adding pressure to the shares. Lam Research Stocks Fall as Evercore Cuts Target
- Negative Sentiment: Recent insider activity shows sales without reported purchases, including transactions by senior executives. While such sales may be scheduled or diversification-related, they can reinforce investor caution at a richly valued stock. Lam Research Insider Trading and Sector Analysis
Insider Activity
In other Lam Research news, Director Bethany Mayer sold 9,557 shares of Lam Research 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 transaction, the director owned 20,995 shares of the company’s stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This represents a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is currently owned by corporate insiders.
Lam Research Profile
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.
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