Lam Research Corporation $LRCX Shares Purchased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its Lam Research position by 8.5% in the third quarter, adding 156,641 shares to own nearly 2 million shares valued at approximately $654.6 million. Institutional investors collectively hold 84.61% of LRCX.
• Lam Research recently beat earnings expectations, reporting $6.72 billion in revenue—up 30% year over year—and $1.82 in EPS versus the $1.69 consensus estimate. Demand tied to AI infrastructure, advanced memory and other chip markets supports the longer-term outlook.
• Despite a roughly 53% year-to-date rally, elevated valuation and concerns about future semiconductor capital spending have increased investor scrutiny. Analysts maintain a “Moderate Buy” consensus, while price targets range from $315 to $425 and Evercore recently reduced its target.

Robeco Institutional Asset Management B.V. raised its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,992,638 shares of the semiconductor company's stock after buying an additional 156,641 shares during the period. Lam Research makes up about 0.8% of Robeco Institutional Asset Management B.V.'s holdings, making the stock its 21st biggest holding. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Lam Research worth $654,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LRCX. Polaris Financial Partners bought a new position in Lam Research during the third quarter valued at about $4,814,000. Bank of America Corp DE boosted its position in Lam Research by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company's stock worth $4,872,426,000 after acquiring an additional 584,489 shares during the period. Rokos Capital Management LLP grew its stake in Lam Research by 42.0% during the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock valued at $55,532,000 after acquiring an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Lam Research in the 1st quarter valued at about $59,973,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Lam Research in the 1st quarter valued at about $26,489,000. Institutional investors own 84.61% of the company's stock.

Lam Research News Summary

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

• Positive Sentiment: Analysts at Zacks said Lam Research has a strong history of earnings surprises and currently has the key indicators that could support another quarterly beat. The company previously reported record quarterly revenue of $6.72 billion, up 30% year over year, and guided to approximately $8.10 billion in revenue and $2.15 in non-GAAP EPS for the September quarter. Why Lam Research Is Poised to Beat Earnings Estimates Again
• Positive Sentiment: Longer-term demand remains tied to artificial-intelligence infrastructure, advanced memory, 5G and automotive chips. Lam’s customer-support and service revenue also provides some recurring business and may help moderate semiconductor-cycle volatility. The Bull Case for Lam Research
• Neutral Sentiment: Expectations are elevated after a roughly 53% year-to-date rally and strong prior results. Investors will focus on whether revenue growth, earnings and management’s outlook justify the stock’s premium valuation. Lam Research Nears Earnings After a 53% Year-to-Date Rally
• Negative Sentiment: Evercore lowered its price target before earnings, adding pressure to the shares and signaling that near-term upside expectations may have become too demanding. Lam Research Shares Fall as Evercore Cuts Target
• Negative Sentiment: Investors are also concerned that semiconductor capital spending in 2027 may not keep pace with the optimism surrounding the AI buildout. Weakness across chip-equipment stocks suggests the move is partly sector-driven rather than caused by a new company-specific announcement. Lam Research Slips Ahead of Earnings
• Negative Sentiment: Reported insider activity shows sales without purchases over the past six months, which may reinforce caution, although such transactions can reflect scheduled diversification rather than a direct view on the company’s prospects.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $263.45 on Wednesday. The company has a market cap of $329.69 billion, a P/E ratio of 45.74, a P/E/G ratio of 1.08 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. The business's 50 day moving average is $307.38 and its two-hundred day moving average is $309.50. 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 released 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 business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The firm's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period last year, the business earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts expect that Lam Research Corporation will post 9.35 EPS for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This is an increase from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. Lam Research's payout ratio is presently 22.92%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LRCX shares. Morgan Stanley reiterated an "overweight" rating and issued a $385.00 target price (up from $367.00) on shares of Lam Research in a research report on Monday, October 5th. Berenberg Bank set a $420.00 price objective on Lam Research in a research report on Wednesday, September 9th. UBS Group lowered their target price on Lam Research from $435.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, September 1st. Evercore set a $315.00 target price on Lam Research in a research report on Tuesday. Finally, Weiss Ratings lowered Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a research report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $365.07.

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the sale, the insider directly owned 42,462 shares of the company's stock, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The transaction 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 business's stock in a transaction 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 completion of the sale, the director owned 20,995 shares in the company, 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. Insiders own 0.31% of the company's stock.

About Lam Research

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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