4,094 Lam Research Corporation $LRCX Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Key Points

• Sumitomo Mitsui DS Asset Management increased its Lam Research stake by 2.3% in the third quarter, acquiring 4,094 shares and bringing its holdings to 184,210 shares valued at approximately $60.5 million. Institutional investors and hedge funds collectively own 84.61% of LRCX.
• Lam Research reported strong quarterly results, with revenue rising 30% year over year to $6.72 billion and EPS of $1.82 exceeding analyst expectations. Growth is being supported by AI, memory, advanced packaging and semiconductor-fabrication demand.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $366.36, while the company raised its quarterly dividend to $0.33 per share. However, elevated valuation, recent technical weakness and potential earnings disappointments remain risks.

Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,210 shares of the semiconductor company's stock after acquiring an additional 4,094 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Lam Research were worth $60,515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Polaris Financial Partners acquired a new stake in shares of Lam Research during the 3rd quarter worth approximately $4,814,000. Bank of America Corp DE increased its stake in Lam Research by 5.5% in 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 acquiring an additional 584,489 shares during the last quarter. Rokos Capital Management LLP increased its stake in Lam Research by 42.0% in the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock valued at $55,532,000 after acquiring an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Lam Research in the first quarter valued at approximately $59,973,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Lam Research during the first quarter valued at approximately $26,489,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 9,557 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 5,000 shares of the stock in a transaction on 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 of the company's stock, valued at $12,843,056.52. The trade was 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 own 0.31% of the company's stock.

Key Stories Impacting Lam Research

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%

Shares of Lam Research stock opened at $272.20 on Tuesday. The firm has a market capitalization of $340.64 billion, a PE ratio of 47.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The firm's 50 day moving average is $308.34 and its 200 day moving average is $309.21. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts forecast that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a boost from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research's payout ratio is presently 22.92%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on LRCX shares. Stifel Nicolaus upped their target price on Lam Research from $325.00 to $425.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Jefferies Financial Group set a $335.00 target price on Lam Research and gave the company a "buy" rating in a report on Thursday, July 30th. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the company an "overweight" rating in a research note on Monday, June 29th. Berenberg Bank set a $420.00 price target on Lam Research in a research note on Wednesday, September 9th. Finally, Weiss Ratings cut Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. One 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, Lam Research has an average rating of "Moderate Buy" and a consensus price target of $366.36.

Lam Research Company 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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