Laraway Financial Advisors Inc acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,900 shares of the semiconductor company’s stock, valued at approximately $3,423,000. Lam Research makes up about 2.1% of Laraway Financial Advisors Inc’s portfolio, making the stock its 12th largest position.
A number of other hedge funds and other institutional investors have also recently modified their holdings of LRCX. Bravera Wealth bought a new stake in Lam Research in the second quarter worth $46,000. Cedar Mountain Advisors LLC lifted its position in Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of Lam Research in the 1st quarter worth $26,000. Hughes Financial Services LLC grew its stake in shares of Lam Research by 54.9% in the 2nd quarter. Hughes Financial Services LLC now owns 141 shares of the semiconductor company’s stock worth $61,000 after buying an additional 50 shares in the last quarter. Finally, Bayban bought a new stake in shares of Lam Research in the 4th quarter worth about $26,000. 84.61% of the stock is currently owned by institutional investors.
Lam Research Price Performance
Shares of LRCX opened at $332.36 on Monday. The firm has a market capitalization of $415.89 billion, a P/E ratio of 57.70, a P/E/G ratio of 1.32 and a beta of 1.84. Lam Research Corporation has a 12-month low of $94.11 and a 12-month high of $438.50. The firm has a fifty day moving average price of $339.46 and a 200-day moving average price of $283.57. 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 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s payout ratio is presently 18.06%.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on the stock. Evercore restated an “outperform” rating and set a $355.00 target price on shares of Lam Research in a research report on Monday, July 20th. HSBC reissued a “hold” rating and set a $333.00 price objective on shares of Lam Research in a research note on Monday, July 27th. Berenberg Bank upped their price objective on Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $320.00 price objective on shares of Lam Research in a research note on Thursday, July 30th. Finally, Susquehanna reissued a “positive” rating and set a $475.00 target price (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $358.47.
Read Our Latest Analysis on LRCX
Trending Headlines about Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Lam Research plans to increase R&D experiment capacity by more than 50% across facilities in the United States, Asia and Europe. Management says the investment should accelerate product development and help customers address increasingly complex AI-chip architectures, materials and nanoscale manufacturing requirements. Reuters article
- Positive Sentiment: Investors are viewing Lam’s expertise in etching, including next-generation atomic-layer etching, as a potentially valuable competitive advantage as AI-driven semiconductor production requires greater manufacturing precision. The company’s recent rebound has renewed optimism that its technology could benefit from a longer-term equipment upcycle. 247WallSt article
- Positive Sentiment: SanDisk’s bullish multiyear financial targets have strengthened expectations for memory-industry capital spending through 2030, supporting demand prospects for semiconductor equipment suppliers such as Lam Research. SanDisk financial targets article
- Neutral Sentiment: Polen Capital identified LRCX as a top performer in its Focus Growth portfolio, while Zacks continues to highlight the stock’s long-term earnings outlook. These endorsements may support sentiment but do not represent new company guidance or guaranteed returns. Polen Capital article
- Negative Sentiment: The R&D expansion requires substantial spending over several years, creating execution and return-on-investment risks. Lam also trades at a relatively elevated valuation after a sharp recovery, leaving the stock vulnerable to profit-taking and concerns that the semiconductor cycle may be approaching a peak.
Insider Activity at Lam Research
In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. The sale was disclosed in a 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 Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% 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. Over the last quarter, insiders sold 80,441 shares of company stock worth $27,614,296. Company insiders own 0.31% of the company’s stock.
Lam Research Profile
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.
Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.
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