2,050 Lam Research Corporation $LRCX Shares Purchased by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 39.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,287 shares of the semiconductor company’s stock after purchasing an additional 2,050 shares during the period. Contravisory Investment Management Inc.’s holdings in Lam Research were worth $2,394,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bayban purchased a new position in shares of Lam Research in the fourth quarter worth $26,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Lam Research during the first quarter valued at $26,000. Cedar Mountain Advisors LLC boosted its position 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 valued at $26,000 after buying an additional 85 shares during the last quarter. Paladin Partners LLC bought a new stake in Lam Research in the 2nd quarter worth about $26,000. Finally, University of Illinois Foundation bought a new stake in Lam Research in the 4th quarter worth about $30,000. 84.61% of the stock is owned by institutional investors.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were 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 directly owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the stock in a transaction that occurred 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 owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.31% of the company’s stock.

More Lam Research News

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

• Positive Sentiment: Analyst estimates and price targets remain supportive. DBS Bank raised its price target for Lam Research to $416, while Erste Group increased its FY2027 EPS estimate to $9.40 from $9.34 and FY2028 EPS estimate to $11.99 from $11.68. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Expectations for upcoming results are strong. UBS reportedly expects Lam Research to deliver strong results and guidance, while recent quarterly results showed record revenue, margins and EPS, with management guiding to another solid quarter. Lam Research, TI and Western Digital are likely to post strong results, guidance: UBS
• Neutral Sentiment: The next major catalyst is the October 21 earnings call. Investors are likely to focus on Lam Research’s outlook for wafer-fabrication equipment demand, AI-related spending and its fiscal 2027 guidance. The stock’s elevated valuation means results and guidance may need to exceed expectations to support further gains.
• Negative Sentiment: Broad semiconductor-equipment selling is the main near-term headwind. Applied Materials, Lam Research and KLA all weakened as investors locked in gains and reassessed expensive AI-related chip stocks ahead of important industry earnings reports. Because Lam is closely tied to semiconductor capital-spending cycles, it tends to move with the group even without negative company news. Semiconductor Equipment Stocks Slide as Investors Take Profits on a Huge Year
• Negative Sentiment: Reported insider activity may add to investor caution. Quiver Quantitative data shows 55 insider sales and no purchases over the past six months, although such transactions may reflect scheduled sales or diversification rather than a direct view of business prospects. Why Lam Research Stock Is Down Today

Analyst Ratings Changes

A number of brokerages have weighed in on LRCX. Fundamental Research set a $390.00 target price on Lam Research in a research report on Thursday, October 1st. Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Morgan Stanley reiterated an “overweight” rating and issued a $385.00 price target (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. Citigroup reissued a “buy” rating and set a $450.00 price objective (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $350.00 price objective (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. One equities 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. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $364.59.

Lam Research Stock Performance

Lam Research stock traded down $8.45 during mid-day trading on Tuesday, reaching $301.11. 8,154,915 shares of the stock traded hands, compared to its average volume of 10,660,391. The stock has a market capitalization of $376.82 billion, a PE ratio of 52.28, a price-to-earnings-growth ratio of 1.26 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. Lam Research Corporation has a 12-month low of $134.04 and a 12-month high of $438.50. The business’s 50-day moving average is $311.28 and its 200-day moving average is $306.87.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts predict 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. Investors of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 0.4%. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. Lam Research’s dividend payout ratio (DPR) is presently 22.92%.

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.