NewEdge Advisors LLC Purchases 34,079 Shares of Lam Research Corporation $LRCX

Key Points

• NewEdge Advisors increased its Lam Research stake by 21.5% in the second quarter, purchasing 34,079 additional shares for a total of 192,888 shares valued at approximately $83.6 million. Institutional investors collectively own 84.61% of the company.
• Lam Research insiders sold 77,782 shares worth about $26.8 million over the past 90 days, including transactions by an insider and a director conducted under Rule 10b5-1 trading plans.
• The company reported stronger-than-expected quarterly results, with $1.82 in EPS and $6.72 billion in revenue, up 30% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $358.97, while Lam Research also raised its quarterly dividend to $0.33 per share.

NewEdge Advisors LLC boosted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 21.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 192,888 shares of the semiconductor company's stock after buying an additional 34,079 shares during the period. NewEdge Advisors LLC's holdings in Lam Research were worth $83,584,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Paladin Partners LLC bought a new position in shares of Lam Research in the second quarter worth about $26,000. Bravera Wealth bought a new stake in Lam Research during the 2nd quarter valued at approximately $46,000. Cedar Mountain Advisors LLC raised its stake in Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 85 shares during the period. Comprehensive Financial Planning Inc. PA purchased a new position in Lam Research in the 2nd quarter worth approximately $52,000. Finally, Vermillion Wealth Management Inc. bought a new position in Lam Research in the 1st quarter worth approximately $26,000. 84.61% of the stock is owned by institutional investors.

Insider Transactions at Lam Research

In related 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 transaction 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm's stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director owned 87,142 shares of the company's stock, valued at approximately $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 77,782 shares of company stock worth $26,755,370. 0.31% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LRCX shares. Morgan Stanley cut their price objective on shares of Lam Research from $404.00 to $367.00 and set an "overweight" rating for the company in a report on Thursday, July 30th. Stifel Nicolaus upped their target price on shares of Lam Research from $325.00 to $425.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Sanford C. Bernstein raised their target price on shares of Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. UBS Group decreased their price target on shares of Lam Research from $435.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $320.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $358.97.

Lam Research Stock Up 4.2%

Shares of NASDAQ LRCX opened at $320.42 on Wednesday. The firm's 50-day moving average price is $317.01 and its 200-day moving average price is $292.86. 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 stock has a market capitalization of $400.95 billion, a price-to-earnings ratio of 55.63, a P/E/G ratio of 1.22 and a beta of 1.85. Lam Research Corporation has a 12-month low of $104.46 and a 12-month high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities research analysts anticipate that Lam Research Corporation will post 9.33 EPS for the current fiscal year.

Lam Research Increases Dividend

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

Key Stories Impacting Lam Research

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

• Positive Sentiment: AI-related semiconductor investment, high-bandwidth memory production and advanced DRAM spending are supporting demand for Lam Research’s wafer-fabrication equipment. Higher earnings estimates and potential updates from upcoming management presentations are adding to the bullish outlook. Why Is Lam Research Corp LRCX Stock Suddenly Gaining Momentum?
• Positive Sentiment: Lam Research’s latest quarterly results exceeded expectations, with earnings per share of $1.82 versus a $1.69 consensus estimate and revenue of $6.72 billion versus $6.66 billion expected. Revenue increased 30% year over year, while company guidance calls for fiscal first-quarter 2027 EPS of $2.00 to $2.30.
• Positive Sentiment: Analysts and financial commentators remain constructive, citing record revenue, margin expansion, strong AI-chip demand and favorable long-term earnings prospects. The stock has substantially outperformed broader computer-and-technology benchmarks, and brokerages collectively maintain a “Moderate Buy” rating. Lam Research Receives Consensus Rating of Moderate Buy
• Neutral Sentiment: Recent technical readings are mixed: Williams %R indicates buying interest, while MACD and RSI remain neutral. Upcoming management presentations could provide more information on customer spending and clarify whether the current momentum is sustainable.
• Neutral Sentiment: A report about Lam Research backing a structured MRI study appears unrelated to the semiconductor company’s core operations and is unlikely to be a meaningful stock catalyst. Lam Research Backs Structured MRI Study
• Negative Sentiment: Despite the favorable outlook, LRCX has nearly tripled over the past year and trades at an elevated earnings multiple. That performance increases the risk of profit-taking or a pullback if AI-related spending slows, estimates disappoint or management offers cautious guidance.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.

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