3,249 Shares in Lam Research Corporation $LRCX Purchased by CORDA Investment Management LLC.

CORDA Investment Management LLC. acquired a new position in Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, HoldingsChannel reports. The fund acquired 3,249 shares of the semiconductor company’s stock, valued at approximately $1,408,000.

A number of other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its stake in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP acquired a new stake in shares of Lam Research in the first quarter valued at about $239,000. Gabelli Funds LLC purchased a new position in shares of Lam Research in the second quarter worth about $253,000. NewEdge Advisors LLC lifted its stake in shares of Lam Research by 2.7% in the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after buying an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. boosted its position in Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 781 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In other news, 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 transaction of $19,118,600.00. Following the completion of 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 77,782 shares of company stock valued at $26,755,370 in the last quarter. Insiders own 0.31% of the company’s stock.

More Lam Research News

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: AI and memory demand support the outlook. Spending on AI chips, high-bandwidth memory and advanced DRAM is increasing demand for semiconductor-manufacturing equipment, benefiting Lam Research. Upcoming management presentations could provide additional detail on customer spending trends. Why Is Lam Research Corp LRCX Stock Suddenly Gaining Momentum?
• Positive Sentiment: Fundamentals and earnings expectations remain strong. Lam Research’s latest quarterly results exceeded estimates, with earnings of $1.82 per share versus the $1.69 consensus and revenue of $6.72 billion. Revenue increased 30% year over year, while management’s next-quarter earnings guidance and higher forecasts reinforce expectations for continued growth. 3 Reasons We’re Fans of Lam Research
• Positive Sentiment: Analyst sentiment is generally supportive. Brokerages have assigned Lam Research a consensus “Moderate Buy” rating, and long-term stock coverage highlights record revenue, improving margins and favorable AI-related demand prospects. Lam Research Receives Consensus Rating of Moderate Buy
• Neutral Sentiment: Relative performance is attracting attention. Lam Research has substantially outpaced parts of the broader computer and technology sector, although comparisons with individual peers such as CTS do not by themselves change the company’s earnings outlook. Is Lam Research Stock Outpacing Its Peers?
• Negative Sentiment: Valuation and technical risks remain. The stock has nearly tripled over the past year and trades at a growth-oriented valuation, increasing the risk of profit-taking if semiconductor spending or earnings estimates weaken. Recent technical indicators are mixed rather than uniformly bullish. Lam Research Nearly Triples in a Year

Analysts Set New Price Targets

LRCX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $320.00 price objective on shares of Lam Research in a research note on Thursday, July 30th. HSBC restated a “hold” rating and set a $333.00 target price on shares of Lam Research in a report on Monday, July 27th. Citigroup reaffirmed a “buy” rating and issued a $450.00 price target (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. TD Cowen reiterated a “buy” rating and set a $400.00 price objective (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. Finally, Stifel Nicolaus boosted their price objective on Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $358.97.

Lam Research Trading Up 4.2%

Shares of Lam Research stock traded up $12.77 during mid-day trading on Tuesday, hitting $320.42. The stock had a trading volume of 8,922,415 shares, compared to its average volume of 10,918,421. The firm has a 50-day moving average of $319.27 and a two-hundred day moving average of $292.29. Lam Research Corporation has a 12-month low of $104.46 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. The firm has a market cap of $400.95 billion, a P/E ratio of 55.63, a price-to-earnings-growth ratio of 1.22 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the company earned $1.33 EPS. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Sell-side analysts forecast that Lam Research Corporation will post 9.33 earnings per share for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be paid a $0.33 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio is currently 18.06%.

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.