Parkway Wealth Management Group LLC reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 18.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,660 shares of the semiconductor company’s stock after selling 2,877 shares during the period. Parkway Wealth Management Group LLC’s holdings in Lam Research were worth $4,159,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in Lam Research by 2.6% during 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 purchasing an additional 1,545,830 shares in the last quarter. Bank of America Corp DE increased its stake in 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 worth $4,872,426,000 after buying an additional 584,489 shares during the period. Van ECK Associates Corp increased its stake in 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 buying an additional 8,922,854 shares during the period. Bank of New York Mellon Corp acquired a new position in Lam Research in the 2nd quarter worth $3,777,585,000. Finally, Amundi lifted its holdings in Lam Research by 23.7% in the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after buying an additional 1,942,862 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on LRCX. Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. Morgan Stanley restated an “overweight” rating and set a $385.00 target price (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. TD Cowen reaffirmed a “buy” rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. UBS Group dropped their target price on Lam Research from $435.00 to $425.00 and set a “buy” rating on the stock in a research report on Tuesday, September 1st. Finally, Susquehanna reiterated a “positive” rating and issued a $475.00 price target (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $366.36.
Get Our Latest Analysis on Lam Research
Lam Research News Roundup
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Strong earnings momentum: Lam’s latest reported quarter produced record revenue of $6.72 billion, up 30% year over year, while EPS of $1.82 exceeded expectations. The company also issued forward guidance above analyst forecasts, reinforcing confidence in continued growth. Learn Why The Bull Case For Lam Research Stock Could Change Following Earnings Beat
- Positive Sentiment: AI and memory demand remain key catalysts: Investors expect rising DRAM investment, advanced packaging and wafer-fabrication capacity for AI, 5G and advanced automotive chips to support Lam’s equipment orders and service revenue. LRCX to Report Q1 Earnings: Should You Buy, Hold or Sell the Stock?
- Positive Sentiment: Analyst support: Deutsche Bank reportedly expects strong results and raised or reiterated a bullish view, helping LRCX participate in a broader semiconductor-sector rally. Lam Research Stock Jumps Ahead of This Week’s Earnings – Here’s Why
- Neutral Sentiment: Results are the next major test: Lam Research is scheduled to report fiscal first-quarter results after the market closes on Wednesday. Investors will focus on revenue, free cash flow, bookings, memory exposure and guidance for evidence that AI-related demand is translating into sustained orders. Lam Research Q3 Earnings: What To Expect
- Negative Sentiment: Technical and positioning risks remain: Despite solid fundamentals, the stock recently fell sharply from its yearly high, with technical analysis pointing to possible additional downside. ETF net selling and a premium valuation also leave the shares vulnerable if earnings or guidance disappoint. Lam Research stock: Wyckoff points to more downside despite revenue growth
Lam Research Trading Up 3.1%
NASDAQ LRCX opened at $272.20 on Tuesday. 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 current ratio of 2.63 and a quick ratio of 1.91. The company has a market capitalization of $340.64 billion, a price-to-earnings ratio of 47.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85. The company’s fifty day moving average price is $308.34 and its two-hundred day moving average price is $309.21.
Lam Research (NASDAQ:LRCX – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion during 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%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the business earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, 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 was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were given a dividend of $0.33 per share. 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. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is 22.92%.
Insider Activity
In related news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated Monday, August 31st. The stock was 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 directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 business’s stock in a transaction dated 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 sale, 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. The SEC filing for this sale provides additional information. Company insiders own 0.31% of the company’s stock.
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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