Lam Research Corporation $LRCX Stock: Krilogy Financial LLC Boosts Stake

Key Points

• Krilogy Financial increased its Lam Research stake by 26.2% in the third quarter, holding 35,640 shares valued at approximately $11.0 million. Institutional investors and hedge funds collectively own 84.61% of the stock.
• Lam Research reported stronger-than-expected quarterly results, with EPS of $1.82 and revenue of $6.72 billion, representing 30% year-over-year growth. The company also raised its quarterly dividend to $0.33 per share.
• Analysts maintain a favorable outlook, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $364.59, although recent insider selling and semiconductor-sector profit-taking remain potential concerns.

Krilogy Financial LLC increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 26.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,640 shares of the semiconductor company's stock after purchasing an additional 7,405 shares during the quarter. Krilogy Financial LLC's holdings in Lam Research were worth $11,033,000 as of its most recent SEC filing.

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

Lam Research Price Performance

LRCX stock opened at $301.11 on Wednesday. The firm has a market cap of $376.82 billion, a price-to-earnings ratio of 52.28, a PEG ratio of 1.23 and a beta of 1.85. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The company's fifty day simple moving average is $310.95 and its 200 day simple moving average is $307.35. Lam Research Corporation has a 12-month low of $134.04 and a 12-month high of $438.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the company earned $1.33 EPS. Lam Research'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. On average, analysts expect that Lam Research Corporation will post 9.34 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 0.4%. This is an increase from Lam Research's previous quarterly dividend of $0.26. Lam Research's dividend payout ratio is presently 22.92%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Bank of America upped their price target on shares of Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Cantor Fitzgerald set a $500.00 target price on shares of Lam Research and gave the company an "overweight" rating in a research report on Monday, June 29th. Berenberg Bank set a $420.00 price objective on shares of Lam Research in a research note on Wednesday, September 9th. UBS Group decreased their target price on Lam Research from $435.00 to $425.00 and set a "buy" rating on the stock in a research report on Tuesday, September 1st. Finally, Needham & Company LLC reaffirmed 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 assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $364.59.

Insider Activity at Lam Research

In other news, Director Bethany Mayer sold 9,557 shares of the firm's stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the transaction, the director owned 20,995 shares in the company, valued at $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the company's stock in a transaction 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 completion of the sale, the insider 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.31% of the company's stock.

Key Lam Research News

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 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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