Lam Research Corporation $LRCX Shares Acquired by Farther Finance Advisors LLC

Key Points

• Farther Finance Advisors increased its Lam Research stake by 12.8% in the third quarter, adding 7,465 shares to hold 65,941 shares valued at approximately $21.7 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported stronger-than-expected quarterly results, with EPS of $1.82 versus the $1.69 consensus and revenue of $6.72 billion, up 30% year over year. Management issued quarterly EPS guidance of $2.00 to $2.30.
• The company raised its quarterly dividend to $0.33 from $0.26, while analysts maintain a consensus “Moderate Buy” rating and an average price target of $364.59.

Farther Finance Advisors LLC lifted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 12.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,941 shares of the semiconductor company's stock after buying an additional 7,465 shares during the quarter. Farther Finance Advisors LLC's holdings in Lam Research were worth $21,662,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in LRCX. Atwood & Palmer Inc. boosted its holdings in Lam Research by 56.4% in the third quarter. Atwood & Palmer Inc. now owns 416 shares of the semiconductor company's stock worth $137,000 after purchasing an additional 150 shares in the last quarter. Titleist Asset Management LLC raised its holdings in Lam Research by 20.7% during the third quarter. Titleist Asset Management LLC now owns 1,296 shares of the semiconductor company's stock valued at $426,000 after buying an additional 222 shares in the last quarter. Apella Capital LLC lifted its position in shares of Lam Research by 41.4% in the third quarter. Apella Capital LLC now owns 5,575 shares of the semiconductor company's stock worth $1,837,000 after buying an additional 1,632 shares during the last quarter. Everhart Financial Group Inc. lifted its position in shares of Lam Research by 0.9% in the third quarter. Everhart Financial Group Inc. now owns 11,633 shares of the semiconductor company's stock worth $3,822,000 after buying an additional 105 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its stake in shares of Lam Research by 0.3% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 46,029 shares of the semiconductor company's stock worth $15,121,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

More Lam Research News

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

• Positive Sentiment: Lam Research remains a major beneficiary of AI-related chip investment, including demand for advanced packaging, high-bandwidth memory and semiconductor manufacturing equipment. The stock has gained approximately 73% year to date and was identified as one of the leading return-on-equity stocks. Is Lam Research a Smart AI Stock Pick?
• Positive Sentiment: Recent investment commentary highlighted Lam alongside NVIDIA, Applied Materials and TSMC as companies with dependable earnings and durable growth prospects from the AI semiconductor cycle. Top Chip Stocks to Ride the AI Boom
• Positive Sentiment: Lam’s latest reported quarter showed strong execution: earnings per share and revenue exceeded consensus estimates, with revenue up 30% year over year. Management also provided quarterly EPS guidance of $2.00 to $2.30, supporting the growth narrative.

Lam Research Stock Performance

NASDAQ LRCX traded down $8.92 during trading on Thursday, hitting $320.59. The company's stock had a trading volume of 8,995,183 shares, compared to its average volume of 10,727,219. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The firm has a 50 day moving average price of $310.02 and a 200 day moving average price of $305.12. The firm has a market cap of $401.19 billion, a P/E ratio of 55.66, a price-to-earnings-growth ratio of 1.32 and a beta of 1.85. Lam Research Corporation has a 52 week low of $131.02 and a 52 week high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts forecast that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be issued a $0.33 dividend. This is a boost from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 0.4%. Lam Research's payout ratio is currently 22.92%.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of analyst reports. Bank of America increased their price objective on Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Needham & Company LLC reaffirmed a "buy" rating and set a $390.00 target price on shares of Lam Research in a research report on Thursday, July 30th. HSBC reiterated a "hold" rating and set a $333.00 price target on shares of Lam Research in a report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $320.00 price target on shares of Lam Research in a research report on Thursday, July 30th. Finally, Berenberg Bank set a $420.00 price objective on shares of Lam Research in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and a consensus target price of $364.59.

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction on 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 in the company, valued at $12,843,056.52. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Talwalkar sold 18,282 shares of the business's stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 32,839 shares of company stock worth $10,644,740 in the last ninety days. Insiders own 0.31% of the company's stock.

Lam Research Company 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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