Fulton Bank N.A. Acquires 2,500 Shares of Lam Research Corporation $LRCX

Fulton Bank N.A. raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,019 shares of the semiconductor company’s stock after acquiring an additional 2,500 shares during the quarter. Fulton Bank N.A.’s holdings in Lam Research were worth $8,675,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LRCX. Paladin Wealth LLC increased its stake in shares of Lam Research by 3.1% in the 2nd quarter. Paladin Wealth LLC now owns 3,682 shares of the semiconductor company’s stock worth $1,595,000 after purchasing an additional 109 shares in the last quarter. Kraft Davis & Associates LLC lifted its position in Lam Research by 10.6% during the second quarter. Kraft Davis & Associates LLC now owns 1,781 shares of the semiconductor company’s stock valued at $772,000 after purchasing an additional 170 shares in the last quarter. Shrier Wealth Management LLC purchased a new position in Lam Research during the second quarter valued at $275,000. Revolve Wealth Partners LLC grew its holdings in Lam Research by 10.9% during the second quarter. Revolve Wealth Partners LLC now owns 2,140 shares of the semiconductor company’s stock valued at $927,000 after purchasing an additional 210 shares during the period. Finally, Tenzing Financial LLC grew its holdings in Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 34 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $306.40 on Tuesday. The firm has a market cap of $383.17 billion, a PE ratio of 53.19, a PEG ratio of 1.25 and a beta of 1.84. The stock has a 50 day moving average of $339.68 and a 200 day moving average of $280.63. 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 Corporation has a 12 month low of $94.11 and a 12 month high of $438.50.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Lam Research’s revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts expect that Lam Research Corporation will post 9.24 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm 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 of this dividend was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is presently 18.06%.

Insider Buying and Selling

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director directly owned 87,142 shares of the company’s stock, valued at $29,192,570. This trade represents a 17.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were 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 approximately $69,881,114. This represents 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. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $290.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Evercore reissued an “outperform” rating and issued a $355.00 target price on shares of Lam Research in a report on Monday, July 20th. B. Riley Financial decreased their target price on shares of Lam Research from $385.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Raymond James Financial set a $425.00 price target on shares of Lam Research in a report on Wednesday, June 10th. Finally, TD Cowen reiterated a “buy” rating and issued a $400.00 price target (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. One investment 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $358.47.

About Lam Research

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.