Gradient Investments LLC Grows Stake in Lam Research Corporation $LRCX

Key Points

• Gradient Investments increased its Lam Research stake by 4.4% in the second quarter, adding 6,371 shares to own 150,167 shares valued at approximately $65.1 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported quarterly earnings of $1.82 per share, exceeding estimates of $1.69, while revenue rose 30% year over year to $6.72 billion. The company issued fiscal Q1 2027 EPS guidance of $2.00–$2.30.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $358.47. The company also pays a quarterly dividend of $0.26 per share, equivalent to a 0.3% yield.

Gradient Investments LLC boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 150,167 shares of the semiconductor company's stock after purchasing an additional 6,371 shares during the quarter. Lam Research comprises 0.9% of Gradient Investments LLC's portfolio, making the stock its 25th biggest holding. Gradient Investments LLC's holdings in Lam Research were worth $65,072,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Rockland Trust Co. boosted its stake in Lam Research by 3.6% in the 2nd quarter. Rockland Trust Co. now owns 3,469 shares of the semiconductor company's stock worth $1,503,000 after purchasing an additional 120 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Lam Research by 50.4% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,902 shares of the semiconductor company's stock valued at $1,257,000 after buying an additional 973 shares during the last quarter. Baring Financial LLC bought a new stake in shares of Lam Research during the second quarter valued at approximately $254,000. Eldred Rock Partners LLC raised its position in shares of Lam Research by 6.4% during the second quarter. Eldred Rock Partners LLC now owns 71,251 shares of the semiconductor company's stock valued at $30,875,000 after buying an additional 4,289 shares during the last quarter. Finally, Williams & Novak LLC lifted its holdings in shares of Lam Research by 1.1% in the second quarter. Williams & Novak LLC now owns 4,011 shares of the semiconductor company's stock worth $1,738,000 after buying an additional 42 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Price Performance

LRCX stock opened at $311.35 on Friday. Lam Research Corporation has a 52 week low of $94.11 and a 52 week high of $438.50. The firm has a market capitalization of $389.36 billion, a P/E ratio of 54.05, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. The company has a fifty day simple moving average of $339.89 and a two-hundred day simple moving average of $279.64. 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 (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business's quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts anticipate that Lam Research Corporation will post 9.24 earnings per share for the current fiscal 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 paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend 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%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research reports. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the stock a "buy" rating in a research report on Thursday, July 30th. Morgan Stanley decreased their price target on shares of Lam Research from $404.00 to $367.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Berenberg Bank increased their price objective on shares of Lam Research from $265.00 to $335.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $350.00 target price (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. Finally, Stifel Nicolaus boosted their target price on Lam Research from $325.00 to $425.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $358.47.

Insider Buying and Selling at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% 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 Abhijit Y. Talwalkar sold 18,282 shares of the business's stock in a transaction that occurred 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 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. 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. Insiders have sold a total of 80,441 shares of company stock worth $27,614,296 over the last ninety days. Company insiders own 0.31% of the company's stock.

Lam Research 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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