Lam Research Corporation $LRCX Stock Acquired by Sax Wealth Advisors LLC

Key Points

• Sax Wealth Advisors increased its Lam Research position by 138.8% in the third quarter, while institutional investors collectively own 84.61% of LRCX.
• Lam Research reported strong quarterly results, with revenue up 30% year over year and EPS of $1.82 exceeding estimates; analysts maintain a broadly positive outlook with a “Moderate Buy” consensus rating.
• The stock faces mixed signals: price targets and earnings estimates were raised, but shares recently declined amid sector-wide profit-taking and notable insider selling.

Sax Wealth Advisors LLC increased its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 138.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,076 shares of the semiconductor company's stock after purchasing an additional 6,438 shares during the quarter. Sax Wealth Advisors LLC's holdings in Lam Research were worth $3,638,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in shares of Lam Research by 2.6% during the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company's stock worth $26,320,468,000 after acquiring an additional 1,545,830 shares during the period. Invesco Ltd. boosted its position 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 acquiring an additional 1,638,406 shares in the last quarter. Bank of America Corp DE boosted its position in shares of 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 in the last quarter. Van ECK Associates Corp boosted its position in shares of Lam Research by 411.8% during the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company's stock worth $4,805,368,000 after acquiring an additional 8,922,854 shares in the last quarter. Finally, Amundi increased its stake in Lam Research by 23.7% in the first quarter. Amundi now owns 10,147,479 shares of the semiconductor company's stock valued at $2,168,107,000 after acquiring an additional 1,942,862 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Ava Harter sold 5,000 shares of the 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 transaction, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the stock in a transaction on 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 owned 20,995 shares of the company's stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.31% of the company's stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Higher price target: DBS Bank raised its price target for Lam Research to $416, signaling continued confidence in the company’s earnings outlook and potential upside. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Improving earnings estimates: Erste Group Bank raised its FY2027 EPS forecast for LRCX to $9.40 from $9.34 and its FY2028 estimate to $11.99 from $11.68. The revisions support the view that demand for wafer-fabrication equipment should remain strong.
• Positive Sentiment: Constructive outlook ahead of earnings: Analysts expect Lam Research, Texas Instruments and Western Digital to deliver strong results and guidance. Lam’s latest quarter already featured record revenue, operating margin and EPS, while management guided to another strong quarter. Lam Research, TI and Western Digital are likely to post strong results, guidance: UBS
• Neutral Sentiment: Broad sector profit-taking: Applied Materials, Lam Research and KLA all declined as investors reduced exposure to semiconductor-equipment shares following a substantial AI-fueled advance and ahead of major industry earnings reports. Semiconductor Equipment Stocks Slide as Investors Take Profits on a Huge Year
• Negative Sentiment: Insider selling: Quiver Quantitative reported 55 insider sales and no insider purchases over the past six months, including sales by CEO Timothy Archer and other senior executives. While such transactions may reflect compensation or diversification, the one-sided pattern can weigh on sentiment. Why Lam Research Stock Is Down Today

Lam Research Trading Down 2.7%

LRCX opened at $301.11 on Wednesday. The company's 50 day moving average is $310.95 and its 200-day moving average is $307.35. Lam Research Corporation has a 1-year low of $134.04 and a 1-year high of $438.50. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company has a market cap of $376.82 billion, a P/E ratio of 52.28, a PEG ratio of 1.23 and a beta of 1.85.

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

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be given a $0.33 dividend. 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 0.4%. The ex-dividend date is Wednesday, September 23rd. Lam Research's dividend payout ratio (DPR) is 22.92%.

Analysts Set New Price Targets

LRCX has been the subject of several research analyst reports. Evercore restated an "outperform" rating and set a $355.00 price objective on shares of Lam Research in a research report on Monday, July 20th. Morgan Stanley restated an "overweight" rating and set a $385.00 target price (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. Citigroup reaffirmed a "buy" rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Weiss Ratings downgraded Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday, September 4th. Finally, Berenberg Bank set a $420.00 price target on Lam Research in a research note on Wednesday, September 9th. One equities research 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 company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $364.59.

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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