Lam Research Corporation $LRCX Shares Bought by GAMMA Investing LLC

Key Points

• GAMMA Investing increased its Lam Research stake by 7.9% in the third quarter, bringing its holdings to 43,060 shares valued at approximately $14.1 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported strong quarterly results, with EPS of $1.82 and revenue of $6.72 billion, exceeding analyst estimates; revenue rose 30% year over year. Management issued quarterly EPS guidance of $2.00–$2.30.
• The company raised its quarterly dividend to $0.33 per share, while analysts maintained a broadly positive outlook with a consensus rating of “Moderate Buy” and an average price target of $364.59.

GAMMA Investing LLC grew its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,060 shares of the semiconductor company's stock after acquiring an additional 3,148 shares during the period. GAMMA Investing LLC's holdings in Lam Research were worth $14,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in Lam Research by 2.6% in the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company's stock valued at $26,320,468,000 after purchasing an additional 1,545,830 shares in the last quarter. Invesco Ltd. raised its stake in shares of Lam Research by 7.7% during the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company's stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Lam Research by 17.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 13,349,470 shares of the semiconductor company's stock worth $2,285,162,000 after purchasing an additional 2,008,605 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Lam Research by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company's stock valued at $4,872,426,000 after buying an additional 584,489 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company's stock valued at $4,805,368,000 after buying an additional 8,922,854 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

LRCX opened at $320.59 on Friday. The firm has a market cap of $401.19 billion, a P/E ratio of 55.66, a price-to-earnings-growth ratio of 1.31 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. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The business's fifty day moving average is $310.47 and its 200-day moving average is $305.77.

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

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be 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 of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research's payout ratio is currently 22.92%.

Insider Buying and Selling

In related news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred 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 transaction, the insider directly owned 42,462 shares of the company's stock, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 that occurred on Monday, July 13th. The shares were 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 of the company's stock, valued at approximately $29,192,570. This represents a 17.34% 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 90 days, insiders have sold 32,839 shares of company stock worth $10,644,740. Corporate insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LRCX. B. Riley Financial boosted their target price on shares of Lam Research from $350.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, October 1st. Fundamental Research set a $390.00 price target on shares of Lam Research in a research note on Thursday, October 1st. Bank of America lifted their price objective on shares of Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Needham & Company LLC restated a "buy" rating and set a $390.00 price objective on shares of Lam Research in a research note on Thursday, July 30th. Finally, Stifel Nicolaus upped their target price on shares of Lam Research from $325.00 to $425.00 and gave the company a "buy" rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and a consensus price target of $364.59.

Lam Research News Summary

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.

About Lam Research

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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