Lam Research Corporation $LRCX Stock Purchased by BDF Gestion

BDF Gestion lifted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 12.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,601 shares of the semiconductor company’s stock after buying an additional 2,647 shares during the period. Lam Research makes up approximately 1.1% of BDF Gestion’s portfolio, making the stock its 16th biggest holding. BDF Gestion’s holdings in Lam Research were worth $7,753,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. State Street Corp boosted its position in Lam Research by 2.6% in the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after purchasing an additional 1,545,830 shares during the last quarter. Bank of America Corp DE increased its position in shares of Lam Research by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after purchasing an additional 584,489 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Lam Research by 411.8% during the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after purchasing an additional 8,922,854 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Lam Research during the 2nd quarter worth $3,777,585,000. Finally, Amundi boosted its holdings in shares of Lam Research by 23.7% in the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after buying an additional 1,942,862 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Insider Activity at Lam Research

In related news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. 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. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded up $11.92 during trading on Monday, reaching $275.86. 4,455,381 shares of the stock traded hands, compared to its average volume of 10,642,356. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The stock has a market capitalization of $345.22 billion, a P/E ratio of 47.91, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85. Lam Research Corporation has a 52-week low of $135.50 and a 52-week high of $438.50. The company has a 50-day moving average of $309.03 and a 200-day moving average of $308.80.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 quarter last year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts forecast that Lam Research Corporation will post 9.34 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, September 23rd. Lam Research’s payout ratio is presently 22.92%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LRCX. Berenberg Bank set a $420.00 price target on shares of Lam Research in a research report on Wednesday, September 9th. B. Riley Financial lifted their price objective on shares of Lam Research from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. HSBC reiterated a “hold” rating and issued a $333.00 target price on shares of Lam Research in a research note on Monday, July 27th. Evercore reiterated an “outperform” rating and issued a $355.00 target price on shares of Lam Research in a research note on Monday, July 20th. Finally, Stifel Nicolaus increased their target price on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $366.36.

About Lam Research

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.