Farther Finance Advisors LLC Increases Stake in Lam Research Corporation $LRCX

Farther Finance Advisors LLC lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,476 shares of the semiconductor company's stock after purchasing an additional 4,102 shares during the period. Farther Finance Advisors LLC's holdings in Lam Research were worth $25,268,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in LRCX. Bayban purchased a new stake in Lam Research during the fourth quarter valued at about $26,000. Vermillion Wealth Management Inc. bought a new position in shares of Lam Research during the first quarter valued at about $26,000. Cedar Mountain Advisors LLC increased its holdings in shares of Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after buying an additional 85 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in shares of Lam Research in the fourth quarter worth about $27,000. Finally, Triumph Capital Management bought a new stake in shares of Lam Research in the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 3.5%

NASDAQ LRCX opened at $343.84 on Tuesday. The stock has a market cap of $430.25 billion, a P/E ratio of 59.69, a price-to-earnings-growth ratio of 1.32 and a beta of 1.84. Lam Research Corporation has a fifty-two week low of $94.11 and a fifty-two week high of $438.50. The stock has a 50 day simple moving average of $339.85 and a two-hundred day simple moving average of $284.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business's revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts forecast that Lam Research Corporation will post 9.32 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research's payout ratio is presently 18.06%.

Insiders Place Their Bets

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the company's stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This represents a 17.34% 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 Eric Brandt sold 54,500 shares of the firm's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares of the company's stock, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Lam Research from $300.00 to $315.00 and gave the company an "overweight" rating in a report on Thursday, April 23rd. Berenberg Bank lifted their price target on Lam Research from $265.00 to $335.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. B. Riley Financial lowered their price objective on Lam Research from $385.00 to $350.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Raymond James Financial set a $425.00 price objective on Lam Research in a research note on Wednesday, June 10th. Finally, Oppenheimer reiterated an "outperform" rating and set a $400.00 price target (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average target price of $358.47.

Lam Research Company Profile

Lam Research Corporation NASDAQ: LRCX is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam's product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.

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