Lam Research Corporation $LRCX Stock Purchased by New York Life Investment Management LLC

New York Life Investment Management LLC raised its stake in Lam Research Corporation (NASDAQ:LRCX) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 211,558 shares of the semiconductor company’s stock after purchasing an additional 5,975 shares during the period. New York Life Investment Management LLC’s holdings in Lam Research were worth $69,499,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LRCX. Pinion Investment Advisors LLC increased its stake in shares of Lam Research by 208.4% during the third quarter. Pinion Investment Advisors LLC now owns 1,619 shares of the semiconductor company’s stock worth $532,000 after purchasing an additional 1,094 shares during the period. Gryphon Financial Partners LLC boosted its stake in Lam Research by 4.7% in the 3rd quarter. Gryphon Financial Partners LLC now owns 2,869 shares of the semiconductor company’s stock valued at $942,000 after purchasing an additional 130 shares during the period. AlphaCore Capital LLC grew its holdings in Lam Research by 7.5% in the 3rd quarter. AlphaCore Capital LLC now owns 12,936 shares of the semiconductor company’s stock valued at $4,254,000 after buying an additional 903 shares in the last quarter. Leuthold Group LLC grew its holdings in Lam Research by 9.7% in the 3rd quarter. Leuthold Group LLC now owns 21,616 shares of the semiconductor company’s stock valued at $7,101,000 after buying an additional 1,914 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in Lam Research by 18.6% during the 3rd quarter. Retirement Systems of Alabama now owns 311,528 shares of the semiconductor company’s stock worth $102,340,000 after buying an additional 48,811 shares during the period. 84.61% of the stock is owned by institutional investors.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam’s gross margin reached a record 52.4% in Q1 2027, supported by strong demand and a favorable product mix. This points to strong profitability, though supply constraints could limit further improvement. Lam Research’s Gross Margin Hits 52.4%: Can it Climb Further?
• Positive Sentiment: Recent coverage cited a $25 billion buyback plan, along with AI-related demand and strong earnings, as support for investor interest in the shares. LRCX Gains 8% on a $25B Buyback Plan
• Positive Sentiment: Analyst coverage remains bullish on Lam, while broader investment in high-bandwidth memory capacity could create additional demand for semiconductor manufacturing equipment. Analysts Are Bullish on Top Technology Stocks The Next AI Chip Shortage May Be the Machines That Make HBM
• Neutral Sentiment: Lam appointed longtime employee Kim Tae-won to lead its Korean operations, a region important to the company’s relationships with major chipmakers. The announcement may support execution but provides no immediate financial forecast. Lam Research Names Kim Tae Won To Lead Korea Operations
• Negative Sentiment: ETFs were net sellers of $143.1 million of LRCX shares on Nov. 6, indicating some institutional selling pressure. ETFs Are Net Sellers of Lam Research

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 9,557 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the sale, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,573 shares of company stock valued at $4,523,606 over the last quarter. 0.31% of the stock is owned by corporate insiders.

Lam Research Trading Up 0.5%

Shares of Lam Research stock opened at $222.39 on Wednesday. The firm’s 50 day moving average is $281.18 and its 200 day moving average is $283.65. The firm has a market capitalization of $277.80 billion, a PE ratio of 33.14, a price-to-earnings-growth ratio of 0.82 and a beta of 1.97. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50. The company has a current ratio of 2.48, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.18 by $0.02. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The business had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. The firm’s revenue was up 54.4% compared to the same quarter last year. Equities research analysts forecast that Lam Research Corporation will post 9.60 earnings per share for the current fiscal year.

Lam Research announced that its board has authorized a stock buyback program on Thursday, November 5th that permits the company to buy back $25 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 9% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 2nd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 2nd. Lam Research’s dividend payout ratio is presently 19.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Berenberg Bank set a $420.00 target price on Lam Research in a report on Wednesday, September 9th. Jefferies Financial Group set a $335.00 price target on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. Fundamental Research set a $390.00 price target on shares of Lam Research in a research report on Thursday, October 1st. Evercore set a $315.00 price objective on shares of Lam Research in a research note on Tuesday, October 20th. Finally, Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $357.57.

About Lam Research

Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits. The company’s wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations. Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.