Lam Research Corporation $LRCX Stock Bought by Prairie Advisory LLC

Key Points

• Prairie Advisory LLC increased its Lam Research stake by 82.1% in the third quarter, bringing its holdings to 66,444 shares worth approximately $21.8 million. Institutional investors collectively own 84.61% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $366.36, although targets range from $333 to $500.
• Lam Research reported stronger-than-expected quarterly results, with $1.82 in EPS and $6.72 billion in revenue, while increasing its quarterly dividend to $0.33 per share.

Prairie Advisory LLC grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 82.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,444 shares of the semiconductor company's stock after acquiring an additional 29,953 shares during the period. Lam Research comprises about 2.5% of Prairie Advisory LLC's holdings, making the stock its 11th biggest position. Prairie Advisory LLC's holdings in Lam Research were worth $21,827,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Van ECK Associates Corp grew 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 worth $4,805,368,000 after acquiring an additional 8,922,854 shares during the period. Bank of New York Mellon Corp acquired a new position in Lam Research during the second quarter worth $3,777,585,000. Jennison Associates LLC raised its holdings in Lam Research by 296.9% during the first quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company's stock worth $720,740,000 after purchasing an additional 2,523,351 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Lam Research by 1,994.3% during the first quarter. Assenagon Asset Management S.A. now owns 2,116,233 shares of the semiconductor company's stock worth $452,154,000 after purchasing an additional 2,015,188 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in Lam Research by 50.6% during the first quarter. California Public Employees Retirement System now owns 5,870,899 shares of the semiconductor company's stock worth $1,254,376,000 after purchasing an additional 1,972,277 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Insider Transactions at Lam Research

In related news, Director Bethany Mayer sold 9,557 shares of the business's 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 owned 20,995 shares of the company's stock, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,512,300.00. Following the completion of the transaction, the insider 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Morgan Stanley reissued an "overweight" rating and issued a $385.00 target price (up from $367.00) on shares of Lam Research in a report on Monday, October 5th. Bank of America lifted their price target on Lam Research from $330.00 to $480.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. HSBC reaffirmed a "hold" rating and set a $333.00 price target on shares of Lam Research in a research note on Monday, July 27th. Fundamental Research set a $390.00 price objective on shares of Lam Research in a research report on Thursday, October 1st. Finally, Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the company an "overweight" rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and an average target price of $366.36.

Lam Research Price Performance

NASDAQ:LRCX traded up $11.21 during trading hours on Monday, reaching $275.15. 4,754,162 shares of the company traded hands, compared to its average volume of 10,646,209. The firm's 50-day moving average is $309.03 and its 200-day moving average is $308.80. The stock has a market cap of $344.33 billion, a P/E ratio of 47.84, a P/E/G ratio of 1.05 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. Lam Research Corporation has a 1-year low of $135.50 and a 1-year high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly 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. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The company had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. The business'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. Equities research analysts expect that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed 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. The ex-dividend date was Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. This is a boost from Lam Research's previous quarterly dividend of $0.26. Lam Research's dividend payout ratio (DPR) is 22.92%.

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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