4,527 Shares in Lam Research Corporation $LRCX Bought by B.A. Schrock Wealth Management Inc.

Key Points

• B.A. Schrock Wealth Management purchased 4,527 Lam Research shares worth approximately $1.54 million in the third quarter. Institutional investors collectively own 84.61% of the company.
• Lam Research recently exceeded quarterly expectations, reporting $1.82 in EPS and $6.72 billion in revenue, up 30% year over year. The company also raised its quarterly dividend to $0.33, equal to a 0.5% annualized yield.
• The stock was trading at $286.92 after declining 4.7%, while analysts maintained a “Moderate Buy” consensus with an average price target of $364.59, implying potential upside.

B.A. Schrock Wealth Management Inc. purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,527 shares of the semiconductor company's stock, valued at approximately $1,540,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Polaris Financial Partners purchased a new stake in Lam Research in the 3rd quarter valued at approximately $4,814,000. Bank of America Corp DE lifted its position in Lam Research by 5.5% during the second 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. 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 buying an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Lam Research in the 1st quarter worth about $59,973,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Lam Research in the 1st quarter valued at about $26,489,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 4.7%

Shares of LRCX stock opened at $286.92 on Thursday. The stock has a market cap of $359.06 billion, a price-to-earnings ratio of 51.74, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50. The firm's 50 day moving average price is $310.54 and its two-hundred day moving average price is $307.88.

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 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 company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the business earned $1.33 earnings per share. The business's quarterly revenue 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. On average, analysts anticipate that Lam Research Corporation will post 9.34 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were issued a $0.33 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $1.32 annualized dividend and a yield of 0.5%. This is an increase from Lam Research's previous quarterly dividend of $0.26. Lam Research's payout ratio is currently 22.92%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Evercore reaffirmed an "outperform" rating and set a $355.00 price objective on shares of Lam Research in a research note on Monday, July 20th. Fundamental Research set a $390.00 price target on shares of Lam Research in a research note on Thursday, October 1st. Rothschild & Co Redburn lifted their price target on shares of Lam Research from $305.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 17th. Jefferies Financial Group set a $335.00 price objective on shares of Lam Research and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, HSBC restated a "hold" rating and set a $333.00 price objective on shares of Lam Research in a report on Monday, July 27th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $364.59.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the 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 transaction, the director directly owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares of the company's stock, valued at approximately $12,843,056.52. This 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. 0.31% of the stock is currently owned by corporate insiders.

More Lam Research News

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

• Positive Sentiment: Analysts’ consensus price target implies approximately 25.6% upside from recent levels. While price targets alone have limited predictive value, upward revisions to earnings estimates could support the stock if they continue. Wall Street Analysts See a 25.6% Upside in Lam Research
• Positive Sentiment: Erste Group raised its Lam Research EPS forecasts to $9.40 for fiscal 2027 and $11.99 for fiscal 2028, modestly above its prior estimates. Other recent analyst targets have generally been well above the current trading range, including DBS Bank’s $416 target. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Lam Research is scheduled to report earnings on Wednesday. Its latest quarterly results exceeded analyst expectations, with revenue up 30% year over year, and management provided strong forward guidance, giving investors a potential near-term catalyst. Lam Research Set to Post Earnings on Wednesday
• Neutral Sentiment: Institutional ownership data showed more funds adding than reducing LRCX positions in the latest quarter, including large purchases reported by JPMorgan, Invesco and T. Rowe Price. However, such filings are backward-looking and may not reflect current positioning.
• Negative Sentiment: LRCX declined for a seventh consecutive session as investors took profits across semiconductor-equipment shares. Applied Materials, Lam Research and KLA all weakened amid concerns that AI-related valuations had risen too far and ahead of important industry earnings. Semiconductor Equipment Stocks Slide as Investors Take Profits
• Negative Sentiment: Recent insider activity has consisted entirely of reported sales, including transactions by executives, which may add to investor caution. The broader sector selloff appears to be the primary immediate pressure rather than a new Lam-specific operational setback. Why Lam Research Stock Is Down

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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