442,227 Shares in Lam Research Corporation $LRCX Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 442,227 shares of Lam Research worth approximately $191.6 million, while institutional investors overall own 84.61% of the company.
• Lam Research reported stronger-than-expected quarterly results, with revenue up 30% year over year to $6.72 billion and EPS of $1.82 versus the $1.69 consensus estimate.
• The company raised its quarterly dividend from $0.26 to $0.33 per share; analysts maintain a “Moderate Buy” consensus rating with an average price target of $361.81.

Nykredit A S bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 442,227 shares of the semiconductor company's stock, valued at approximately $191,630,000. Lam Research accounts for 0.6% of Nykredit A S's holdings, making the stock its 28th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in LRCX. Fideuram Asset Management Ireland dac acquired a new position in shares of Lam Research during the fourth quarter valued at about $10,035,000. Bank of America Corp DE boosted its stake in Lam Research by 5.5% in 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 purchasing an additional 584,489 shares in the last quarter. Rokos Capital Management LLP boosted its stake in Lam Research by 42.0% in the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock worth $55,532,000 after purchasing an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Lam Research during the 1st quarter worth approximately $59,973,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Lam Research during the 1st quarter worth approximately $26,489,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 company's stock in a transaction that occurred on Wednesday, September 9th. The stock was 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 owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 32,839 shares of company stock worth $10,644,740. 0.31% of the stock is owned by corporate insiders.

Lam Research Trading Up 0.0%

NASDAQ LRCX opened at $269.31 on Friday. Lam Research Corporation has a 1 year low of $125.00 and a 1 year 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 $336.99 billion, a PE ratio of 46.76, a P/E/G ratio of 1.07 and a beta of 1.85. The company has a fifty day moving average of $307.78 and a 200 day moving average of $295.00.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.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 firm earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts forecast that Lam Research Corporation will post 9.33 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This is an increase from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, September 23rd. Lam Research's dividend payout ratio (DPR) is 18.06%.

Analysts Set New Price Targets

A number of research firms have issued reports on LRCX. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $320.00 price target on shares of Lam Research in a report on Thursday, July 30th. Zacks Research raised Lam Research from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Oppenheimer restated an "outperform" rating and issued a $400.00 target price (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the stock an "overweight" rating in a research report on Monday, June 29th. Finally, Bank of America boosted their price target on Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. One 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's stock. According to MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $361.81.

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.

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