Beacon Bank & Trust Acquires New Shares in Lam Research Corporation $LRCX

Key Points

• Beacon Bank & Trust acquired 30,000 Lam Research shares worth approximately $9.9 million, making LRCX about 1.9% of its portfolio. Institutional investors and hedge funds collectively own 84.61% of the company.
• Lam Research exceeded quarterly expectations with $8.22 billion in revenue and $2.20 EPS, while revenue rose 54.4% year over year. The company also increased its quarterly dividend to $0.33 per share.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $360.23, although recent volatility and insider selling remain potential concerns.

Beacon Bank & Trust purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,000 shares of the semiconductor company's stock, valued at approximately $9,855,000. Lam Research makes up approximately 1.9% of Beacon Bank & Trust's portfolio, making the stock its 13th largest position.

A number of other hedge funds have also modified their holdings of the stock. William Mack & Associates Inc. acquired a new stake in shares of Lam Research in the third quarter worth $25,000. Cedar Mountain Advisors LLC increased its stake in Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 85 shares during the period. Paladin Partners LLC bought a new position in Lam Research during the second quarter valued at about $26,000. Quintet Private Bank Europe S.A. raised its holdings in Lam Research by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Finally, Dakota Community Bank & Trust NA bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $33,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of LRCX stock opened at $253.82 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86. The stock has a market cap of $317.06 billion, a PE ratio of 37.83, a price-to-earnings-growth ratio of 0.86 and a beta of 1.85. The stock has a 50-day moving average of $296.95 and a 200-day moving average of $283.50. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.02. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The company had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The firm's revenue was up 54.4% on a year-over-year basis. As a group, sell-side analysts expect that Lam Research Corporation will post 9.59 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were issued a dividend of $0.33 per share. The ex-dividend date was Wednesday, September 23rd. This is a positive change from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. Lam Research's dividend payout ratio is presently 19.67%.

Insiders Place Their Bets

In other news, insider Ava Harter sold 5,000 shares of the company's stock in a transaction dated 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The shares were 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 directly owned 20,995 shares of the company's stock, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.31% of the company's stock.

Lam Research News Summary

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

• Positive Sentiment: Strong earnings and outlook: Lam Research reported quarterly revenue of $8.22 billion, up sharply from the prior year and ahead of analyst expectations. Earnings per share also exceeded consensus, while management projected approximately $8.60 billion in revenue and about $2.33 in EPS for the December quarter, signaling continued demand. Lam Research Gains as Strong Earnings and a Chip-Sector Rebound Support Shares
• Positive Sentiment: Foundry momentum: Foundry revenue reached a record in fiscal first-quarter 2027, with foundry accounting for 46% of Systems revenue, up from 44% in the previous quarter. This supports the view that advanced-node manufacturing and rising chip complexity are driving equipment purchases. Lam Research Sees Record Foundry Sales
• Positive Sentiment: Industry tailwinds and valuation appeal: SK Hynix’s long-term memory shortage outlook suggests years of potential fab construction, while analysts and research services view LRCX as more attractive after its recent selloff. Several published price targets remain well above the current trading level.
• Neutral Sentiment: Institutional positioning was mixed: many funds added shares, but others reduced holdings. This indicates continued investor interest alongside ongoing uncertainty about semiconductor-cycle durability.
• Negative Sentiment: Recent volatility and insider selling: LRCX remains well below its recent high after concerns about AI spending and valuation triggered a sharp pullback. Reported insider activity over the past six months consisted entirely of sales, which may reinforce near-term caution.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of analyst reports. TD Cowen reissued a "buy" rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Jefferies Financial Group set a $335.00 price objective on Lam Research and gave the stock a "buy" rating in a research note on Thursday, July 30th. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, October 24th. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 price target (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. Finally, Zacks Research lowered shares of Lam Research from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 22nd. Twenty-six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $360.23.

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.

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.