7,465 Lam Research Corporation $LRCX Shares Purchased by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 12.8% during the third quarter, Holdings Channel reports. The institutional investor owned 65,941 shares of the semiconductor company’s stock after acquiring an additional 7,465 shares during the quarter. Farther Finance Advisors LLC’s holdings in Lam Research were worth $21,662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Atwood & Palmer Inc. lifted its holdings in shares of Lam Research by 56.4% during the 3rd quarter. Atwood & Palmer Inc. now owns 416 shares of the semiconductor company’s stock worth $137,000 after acquiring an additional 150 shares during the period. Titleist Asset Management LLC increased its stake in Lam Research by 20.7% in the third quarter. Titleist Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $426,000 after acquiring an additional 222 shares during the period. Apella Capital LLC increased its stake in Lam Research by 41.4% in the third quarter. Apella Capital LLC now owns 5,575 shares of the semiconductor company’s stock valued at $1,837,000 after acquiring an additional 1,632 shares during the period. Everhart Financial Group Inc. raised its position in Lam Research by 0.9% in the third quarter. Everhart Financial Group Inc. now owns 11,633 shares of the semiconductor company’s stock worth $3,822,000 after purchasing an additional 105 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC raised its position in Lam Research by 0.3% in the third quarter. Avidian Wealth Enterprises LLC now owns 46,029 shares of the semiconductor company’s stock worth $15,121,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other news, Director Abhijit 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 directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction dated 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 owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 32,839 shares of company stock worth $10,644,740. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ LRCX traded down $8.92 during mid-day trading on Thursday, hitting $320.59. 8,995,183 shares of the stock were exchanged, compared to its average volume of 10,727,219. Lam Research Corporation has a twelve month low of $131.02 and a twelve month high of $438.50. The stock’s fifty day simple moving average is $310.02 and its two-hundred day simple moving average is $305.12. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The company has a market cap of $401.19 billion, a P/E ratio of 55.66, a PEG ratio of 1.32 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.Lam Research’s revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts forecast that Lam Research Corporation will post 9.34 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. The ex-dividend date is Wednesday, September 23rd. This is a boost from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 22.92%.

Lam Research News Roundup

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

• Positive Sentiment: Lam Research remains a major beneficiary of AI-related chip investment, including demand for advanced packaging, high-bandwidth memory and semiconductor manufacturing equipment. The stock has gained approximately 73% year to date and was identified as one of the leading return-on-equity stocks. Is Lam Research a Smart AI Stock Pick?
• Positive Sentiment: Recent investment commentary highlighted Lam alongside NVIDIA, Applied Materials and TSMC as companies with dependable earnings and durable growth prospects from the AI semiconductor cycle. Top Chip Stocks to Ride the AI Boom
• Positive Sentiment: Lam’s latest reported quarter showed strong execution: earnings per share and revenue exceeded consensus estimates, with revenue up 30% year over year. Management also provided quarterly EPS guidance of $2.00 to $2.30, supporting the growth narrative.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on LRCX shares. B. Riley Financial lifted their price objective on Lam Research from $350.00 to $390.00 and gave the company a “buy” rating in a report on Thursday, October 1st. Susquehanna reissued a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Wells Fargo & Company restated an “overweight” rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Finally, UBS Group lowered their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus target price of $364.59.

Lam Research Company 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.