Lam Research Corporation $LRCX Shares Newly Purchased by M & L Capital Management Ltd

Key Points

• M & L Capital Management bought 14,600 Lam Research shares worth approximately $4.8 million, making the stock about 1% of its portfolio. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported quarterly earnings of $2.20 per share and revenue of $8.22 billion, exceeding analyst estimates; revenue increased 54.4% year over year.
• The company raised its quarterly dividend to $0.33 per share, while analysts maintain a “Moderate Buy” consensus with an average price target of $360.23.

M & L Capital Management Ltd purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,600 shares of the semiconductor company's stock, valued at approximately $4,796,000. Lam Research comprises approximately 1.0% of M & L Capital Management Ltd's investment portfolio, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. World Equity Group Inc. grew its position in shares of Lam Research by 0.5% in the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company's stock worth $2,416,000 after buying an additional 29 shares during the last quarter. Vann Equity Management LLC increased its stake in shares of Lam Research by 1.1% during the third quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company's stock valued at $944,000 after buying an additional 31 shares during the period. Tenzing Financial LLC raised its holdings in shares of Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock valued at $441,000 after acquiring an additional 34 shares in the last quarter. Advus Financial Partners LLC raised its holdings in shares of Lam Research by 1.0% during the second quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company's stock valued at $1,550,000 after acquiring an additional 34 shares in the last quarter. Finally, Paragon Private Wealth Management LLC raised its holdings in shares of Lam Research by 1.3% during the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company's stock valued at $1,178,000 after acquiring an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 1.4%

LRCX opened at $240.85 on Wednesday. The stock has a fifty day simple moving average of $298.43 and a two-hundred day simple moving average of $283.24. The company has a market cap of $300.86 billion, a price-to-earnings ratio of 35.89 and a beta of 1.85. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.18 by $0.02. The firm had revenue of $8.22 billion for the quarter, compared to analysts' expectations of $8.14 billion. During the same period in the prior year, the business posted $1.26 EPS. The business's quarterly revenue was up 54.4% compared to the same quarter last year. On average, analysts predict that Lam Research Corporation will post 9.59 EPS for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were given a dividend of $0.33 per share. This is an increase from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. Lam Research's dividend payout ratio is 19.67%.

Key Lam Research News

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

• Positive Sentiment: Lam Research reported 54.4% year-over-year quarterly revenue growth to $8.22 billion and earnings of $2.20 per share, exceeding analysts’ estimates of $8.14 billion and $2.18, respectively. The results reinforce the company’s exposure to robust semiconductor and AI infrastructure demand. Lam Research reports 54.4 percent revenue growth
• Positive Sentiment: Lam Research was identified as a top-ranked stock with long-term growth potential and a compelling valuation following the recent market selloff. This may be encouraging dip buyers and supporting the rebound in LRCX shares. Equities Bounce: 3 Top Ranked Stocks to Buy Now
• Positive Sentiment: Bullish investment commentary highlights Lam Research’s cash flow, long-term growth prospects and potential to benefit from AI-driven demand, supporting comparisons that favor LRCX against peers such as Applied Materials and KLA. Lam Research versus AMAT and KLAC

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of the company's stock in a transaction dated 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 owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 the firm's stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of research analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $350.00 price target (down from $450.00) on shares of Lam Research in a research note on Thursday, July 30th. Weiss Ratings downgraded shares of Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 4th. Needham & Company LLC decreased their price objective on shares of Lam Research from $390.00 to $290.00 and set a "buy" rating for the company in a report on Thursday, October 22nd. Morgan Stanley set a $339.00 price objective on shares of Lam Research and gave the stock an "overweight" rating in a report on Thursday, October 22nd. Finally, Susquehanna reaffirmed a "positive" rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Twenty-six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $360.23.

Lam Research Company Profile

Lam Research Corporation NASDAQ: LRCX is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company's product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.

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