Lam Research Corporation $LRCX Shares Newly Bought by Gunderson Capital Management LLC

Key Points

• Gunderson Capital Management initiated a Lam Research position of 27,165 shares valued at approximately $8.9 million, representing 2.4% of its portfolio. Overall, hedge funds and institutional investors own 84.61% of LRCX.
• Analysts remain broadly bullish, with 27 of 32 analysts rating the stock Buy or Strong Buy. Lam Research has an average price target of $364.59, implying potential upside from its recent price of $273.38.
• Lam Research reported quarterly earnings and revenue above consensus estimates, with revenue up 30% year over year, and raised its quarterly dividend to $0.33 per share. However, the stock has recently declined amid broad semiconductor-equipment selling and profit-taking.

Gunderson Capital Management LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,165 shares of the semiconductor company's stock, valued at approximately $8,924,000. Lam Research accounts for approximately 2.4% of Gunderson Capital Management LLC's investment portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Polaris Financial Partners bought a new stake in Lam Research in the third quarter worth $4,814,000. Bank of America Corp DE increased its position in Lam Research by 5.5% during the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company's stock worth $4,872,426,000 after buying an additional 584,489 shares during the last quarter. Rokos Capital Management LLP increased its position in Lam Research by 42.0% during the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock worth $55,532,000 after buying an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in Lam Research during the first quarter valued at about $59,973,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Lam Research in the first quarter worth about $26,489,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the sale, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a 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 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 value 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 represents a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LRCX. Citigroup reissued a "buy" rating and set a $450.00 price objective (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $320.00 price objective on shares of Lam Research in a research note on Thursday, July 30th. B. Riley Financial boosted their target price on Lam Research from $350.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, October 1st. Wells Fargo & Company reaffirmed an "overweight" rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $390.00 price target on shares of Lam Research in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $364.59.

Lam Research Stock Performance

LRCX stock traded down $13.54 during trading on Thursday, reaching $273.38. 7,353,957 shares of the stock were exchanged, compared to its average volume of 10,640,310. The company has a market capitalization of $342.11 billion, a P/E ratio of 47.45, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a twelve month low of $135.50 and a twelve month high of $438.50. The stock has a 50 day simple moving average of $310.54 and a 200-day simple moving average of $307.88.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The company's quarterly revenue 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. As a group, sell-side analysts anticipate that Lam Research Corporation will post 9.34 earnings per share for the current 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. The ex-dividend date was Wednesday, September 23rd. This is a boost from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. Lam Research's dividend payout ratio (DPR) is currently 22.92%.

Lam Research News Summary

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

• Positive Sentiment: DBS Bank raised its price target for Lam Research to $416, signaling continued confidence in the company’s long-term semiconductor-equipment demand outlook. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Twenty-four exchange-traded funds increased their Lam Research holdings on October 13, indicating continued institutional or portfolio-manager interest in the stock. 24 ETFs Add to Lam Research Holdings
• Positive Sentiment: Analysts’ consensus price target implies roughly 25.6% potential upside, while improving earnings-estimate revisions could support the shares if the company delivers strong results. Wall Street Analysts See a 25.6% Upside in Lam Research
• Neutral Sentiment: Lam Research is scheduled to report quarterly results on October 21. Investors are likely awaiting updated guidance and commentary on AI-related semiconductor spending before making larger commitments. Lam Research stock trades ahead of October 21 results
• Negative Sentiment: Semiconductor-equipment shares, including Lam Research, have sold off as investors lock in gains following a powerful year driven by AI demand. The sector-wide move is the clearest near-term reason for LRCX’s weakness. Semiconductor Equipment Stocks Slide as Investors Take Profits
• Negative Sentiment: The shares have declined for seven consecutive sessions and recently underperformed the broader market, reflecting deteriorating short-term momentum and caution ahead of earnings. Lam Research shares tumbled for seven consecutive sessions

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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