Polaris Financial Partners Purchases New Stake in Lam Research Corporation $LRCX

Key Points

• Polaris Financial Partners acquired 14,768 Lam Research shares worth approximately $4.8 million, making LRCX about 2.2% of the fund’s portfolio. Institutional investors collectively own 84.61% of the company.
• Analysts remain broadly bullish: Lam Research has a “Moderate Buy” consensus rating and an average price target of $364.01, with several firms recently raising their targets to as high as $420.
• Strong operating results supported the outlook: quarterly EPS of $1.82 and revenue of $6.72 billion exceeded expectations, with revenue up 30% year over year. The company also increased its quarterly dividend to $0.33 per share.

Polaris Financial Partners purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 14,768 shares of the semiconductor company's stock, valued at approximately $4,814,000. Lam Research makes up approximately 2.2% of Polaris Financial Partners' holdings, making the stock its 10th largest holding.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LRCX. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $320.00 target price on shares of Lam Research in a report on Thursday, July 30th. TD Cowen reaffirmed a "buy" rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. B. Riley Financial lifted their price objective on shares of Lam Research from $350.00 to $390.00 and gave the company a "buy" rating in a research note on Thursday. Oppenheimer reissued an "outperform" rating and set a $400.00 target price (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. Finally, Rothschild & Co Redburn upped their target price on shares of Lam Research from $305.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 17th. One investment 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 stock. According to data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average target price of $364.01.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 5,000 shares of the firm'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 transaction, the insider directly owned 42,462 shares in the company, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 Lam Research stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares of the company's stock, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 32,839 shares of company stock valued at $10,644,740. Corporate insiders own 0.31% of the company's stock.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Optimistic earnings outlook: An earnings preview argues that Lam Research’s rally could continue, supported by artificial-intelligence infrastructure spending and sustained demand for wafer-fabrication equipment. Investors are likely watching for evidence that growth will remain strong in the next report. Lam Research: This Rally Has Legs (Earnings Preview)
• Positive Sentiment: Analyst support: B. Riley raised its price target from $350 to $390 and maintained a “buy” rating. Bank of America’s designation of LRCX as a top pick also reinforces the view that equipment demand may be stronger than previously expected. Does Lam Research Being a BofA Top Pick Reframe Its Equipment Demand Narrative?
• Positive Sentiment: Strong financial performance: Lam’s latest quarterly results exceeded expectations, with earnings of $1.82 per share versus a $1.69 consensus estimate and revenue of $6.72 billion. Revenue increased 30% year over year, while the company also raised its dividend, strengthening the bullish case. Lam Research Stock Gains Ground on Strong Earnings and Dividend Hike

Lam Research Stock Up 2.2%

NASDAQ LRCX traded up $7.39 during trading hours on Friday, reaching $347.49. 7,447,144 shares of the company traded hands, compared to its average volume of 10,799,794. Lam Research Corporation has a 12 month low of $131.02 and a 12 month 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 stock has a market capitalization of $434.86 billion, a PE ratio of 60.33, a PEG ratio of 1.30 and a beta of 1.85. The company has a 50 day moving average of $305.26 and a two-hundred day moving average of $301.94.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data 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. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The firm had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Lam Research'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. As a group, equities analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current year.

Lam Research Increases Dividend

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

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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