BG Investment Services LLC Purchases 10,625 Shares of Lam Research Corporation $LRCX

Key Points

• BG Investment Services significantly increased its Lam Research position by purchasing 10,625 shares in the third quarter, bringing its holdings to 11,420 shares valued at approximately $3.75 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported strong quarterly results: Revenue rose 54.4% year over year to $8.22 billion, while adjusted EPS of $2.20 exceeded estimates. Management expects wafer-fabrication-equipment spending to surpass $200 billion in 2027, supported by AI and memory demand.
• Analyst sentiment remains generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $354.55. However, supply bottlenecks, declining China revenue and broader semiconductor-sector pressure could limit near-term upside.

BG Investment Services LLC raised its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1,336.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,420 shares of the semiconductor company's stock after buying an additional 10,625 shares during the period. BG Investment Services LLC's holdings in Lam Research were worth $3,752,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its position in Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. Paladin Partners LLC purchased a new stake in Lam Research in the 2nd quarter worth approximately $26,000. Quintet Private Bank Europe S.A. lifted 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 worth $33,000 after buying an additional 50 shares during the period. Dakota Community Bank & Trust NA bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $33,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in shares of Lam Research in the 2nd quarter worth approximately $35,000. Institutional investors own 84.61% of the company's stock.

Key Lam Research News

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

• Positive Sentiment: Record results and strong profitability: Fiscal first-quarter revenue rose 54.4% year over year to $8.22 billion, exceeding estimates, while adjusted EPS of $2.20 also beat forecasts. Operating margin topped 40% for the first time, supported by strong systems sales, memory demand and record foundry revenue. Lam Research Q1 Earnings Beat on Systems Sales and Margin Gains
• Positive Sentiment: Long-term AI and memory demand remains supportive: Lam expects wafer-fabrication-equipment spending to exceed $200 billion in 2027, driven by AI infrastructure, memory upgrades and advanced manufacturing. Customer Support revenue is expected to grow more than 30%, while Aether dry-resist revenue is projected to reach $2.5 billion cumulatively. LRCX Q1 Earnings Call Highlights
• Positive Sentiment: Some analysts remain bullish: Mizuho reiterated an Outperform rating and recommended buying the pullback, while Bank of America maintained a Buy rating. Erste Group also modestly increased its FY2027 and FY2028 EPS estimates. Mizuho recommends buying the pullback
• Neutral Sentiment: Guidance was broadly in line but leaves limited room for disappointment: Fiscal second-quarter revenue guidance of $8.2 billion-$9.0 billion and EPS guidance of $2.18-$2.48 bracket consensus estimates of $8.5 billion and $2.30, respectively. Mizuho trimmed its price target to $360 from $365, signaling continued upside but greater near-term caution.
• Negative Sentiment: Supply bottlenecks are limiting shipments: Component shortages and cleanroom capacity constraints could restrict equipment deliveries through 2027, preventing Lam from fully converting strong demand into revenue. Lam Research says supply bottlenecks are holding back revenue
• Negative Sentiment: China exposure and sector pressure are weighing on sentiment: China’s revenue contribution is expected to decline substantially from 35% in the September quarter. Citi warned of additional downside for Lam and peers, while a broad AI-chip sell-off amplified concerns about valuations and spending.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research analyst reports. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the company an "overweight" rating in a research note on Monday, June 29th. TD Cowen restated a "buy" rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Citigroup reaffirmed a "buy" rating and issued a $435.00 price target (down from $450.00) on shares of Lam Research in a research note on Thursday. Fundamental Research set a $390.00 price target on shares of Lam Research in a report on Thursday, October 1st. Finally, HSBC reiterated a "hold" rating and issued a $333.00 price target on shares of Lam Research in a report on Monday, July 27th. Twenty-six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $354.55.

Insider Transactions at Lam Research

In related news, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated 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 of the company's stock, valued at $6,607,966.30. This trade represents a 31.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 5,000 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 42,462 shares in the company, valued at $12,843,056.52. The trade was a 10.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.31% of the company's stock.

Lam Research Stock Performance

Lam Research stock opened at $230.10 on Friday. The stock's 50 day simple moving average is $301.90 and its two-hundred day simple moving average is $309.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.91 and a current ratio of 2.48. The stock has a market cap of $287.95 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 0.83 and a beta of 1.85. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates of $2.18 by $0.02. The firm had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The business's revenue for the quarter was up 54.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 EPS. As a group, analysts expect that Lam Research Corporation will post 9.48 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were issued a dividend of $0.33 per share. This is a boost from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research's dividend payout ratio (DPR) is presently 19.67%.

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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