PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 268,636 shares of the semiconductor company's stock after purchasing an additional 11,902 shares during the quarter. Lam Research accounts for 1.0% of PensionDanmark Pensionsforsikringsaktieselskab's investment portfolio, making the stock its 16th biggest position. PensionDanmark Pensionsforsikringsaktieselskab's holdings in Lam Research were worth $116,408,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC lifted its stake in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in Lam Research in the first quarter valued at approximately $26,000. Bayban purchased a new stake in shares of Lam Research during the fourth quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. bought a new position in shares of Lam Research in the fourth quarter worth approximately $27,000. Finally, Core Wealth Advisors LLC bought a new stake in Lam Research during the 4th quarter valued at $29,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Lam Research
In related news, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,441 shares of company stock valued at $27,614,296 in the last three months. 0.31% of the stock is currently owned by company insiders.
Lam Research Trading Down 0.5%
LRCX opened at $305.77 on Friday. The stock has a market cap of $382.39 billion, a PE ratio of 53.09, a PEG ratio of 1.23 and a beta of 1.84. 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 business has a 50 day moving average of $340.03 and a 200-day moving average of $279.42. Lam Research Corporation has a 52 week low of $94.11 and a 52 week high of $438.50.
Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts predict that Lam Research Corporation will post 9.24 earnings per share for the current fiscal year.
Lam Research Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research's dividend payout ratio is currently 18.06%.
Analyst Ratings Changes
A number of research firms have recently weighed in on LRCX. Citigroup reiterated a "buy" rating and set a $450.00 target price (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Zacks Research upgraded Lam Research from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Susquehanna reiterated a "positive" rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Weiss Ratings raised Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group set a $335.00 target price on Lam Research and gave the company a "buy" rating in a report on Thursday, July 30th. One 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $358.47.
Get Our Latest Report on LRCX
Key Headlines Impacting Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Strong earnings and guidance support the AI equipment outlook. Lam Research reported quarterly EPS of $1.82, ahead of the approximately $1.69–$1.70 analyst estimate, while revenue reached $6.72 billion. Management’s next-quarter outlook, centered around roughly $2.15 EPS, was also well above the Street’s $1.84 expectation. Lam Research Soars After Earnings
- Positive Sentiment: The semiconductor equipment cycle may have further room to run. Lam’s order trends and earnings commentary suggest the AI chipmaking supercycle remains intact. Higher capital-spending plans from Taiwan Semiconductor and an optimistic outlook from Intel could support demand for wafer-fabrication equipment, with advanced packaging and testing identified as particularly attractive growth areas. Lam Research’s Latest Earnings Report
- Positive Sentiment: Broader AI infrastructure investment could create additional industry demand. Tesla’s planned $16.8 billion chip and AI-computing complex could benefit semiconductor manufacturers and equipment suppliers over time, although the article does not identify a direct Lam Research contract. Tesla’s Chip Bet
- Neutral Sentiment: Recent stock screens and growth-at-a-reasonable-price commentary continue to feature LRCX, while comparisons with Accenture emphasize Lam’s relatively steady revenue growth. These mentions may improve visibility but do not represent new company-specific catalysts. Accenture vs. Lam Research
- Negative Sentiment: Valuation is limiting enthusiasm. Following the earnings-related rebound, commentary noted that LRCX trades at the upper end of its historical forward-earnings range. Analysts also have conflicting views, increasing the potential for profit-taking after the recent rally. Conflicting Analyst Sentiment
About Lam Research
(
Free Report)
Lam Research Corporation NASDAQ: LRCX is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.
Lam's product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.
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