Waverly Advisors LLC Acquires 65,089 Shares of Lam Research Corporation $LRCX

Waverly Advisors LLC lifted its stake in Lam Research Corporation (NASDAQ:LRCX) by 225.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,909 shares of the semiconductor company’s stock after buying an additional 65,089 shares during the period. Waverly Advisors LLC’s holdings in Lam Research were worth $40,693,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. World Equity Group Inc. raised its position in shares of Lam Research by 0.5% in the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock valued at $2,416,000 after buying an additional 29 shares in the last quarter. Tenzing Financial LLC boosted its position in shares of Lam Research by 3.5% during the 2nd quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 34 shares in the last quarter. Advus Financial Partners LLC boosted its position in shares of Lam Research by 1.0% during the 2nd quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock worth $1,550,000 after acquiring an additional 34 shares in the last quarter. Paragon Private Wealth Management LLC increased its stake in Lam Research by 1.3% in the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock valued at $1,178,000 after acquiring an additional 35 shares during the last quarter. Finally, Gibraltar Capital Management Inc. increased its stake in Lam Research by 3.6% in the second quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company’s stock valued at $455,000 after acquiring an additional 36 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider 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. 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 have sold a total of 77,782 shares of company stock valued at $26,755,370 over the last ninety days. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

LRCX has been the subject of several research analyst reports. TD Cowen reissued a “buy” rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. HSBC restated a “hold” rating and set a $333.00 price target on shares of Lam Research in a report on Monday, July 27th. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a research note on Wednesday, June 10th. Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Finally, Wells Fargo & Company reissued 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $358.97.

Lam Research Trading Up 4.2%

Shares of NASDAQ:LRCX traded up $12.77 during midday trading on Tuesday, reaching $320.42. The company’s stock had a trading volume of 8,922,415 shares, compared to its average volume of 10,918,421. Lam Research Corporation has a fifty-two week low of $104.46 and a fifty-two week high of $438.50. 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 firm has a 50 day moving average price of $317.01 and a two-hundred day moving average price of $292.86. The firm has a market capitalization of $400.95 billion, a price-to-earnings ratio of 55.63, a PEG ratio of 1.22 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last released 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 during the quarter, compared to analysts’ expectations 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 was up 30.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 earnings per share. 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 9.33 earnings per share for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio (DPR) is presently 18.06%.

Lam Research News Roundup

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

• Positive Sentiment: AI and memory demand support the outlook. Spending on AI chips, high-bandwidth memory and advanced DRAM is increasing demand for semiconductor-manufacturing equipment, benefiting Lam Research. Upcoming management presentations could provide additional detail on customer spending trends. Why Is Lam Research Corp LRCX Stock Suddenly Gaining Momentum?
• Positive Sentiment: Fundamentals and earnings expectations remain strong. Lam Research’s latest quarterly results exceeded estimates, with earnings of $1.82 per share versus the $1.69 consensus and revenue of $6.72 billion. Revenue increased 30% year over year, while management’s next-quarter earnings guidance and higher forecasts reinforce expectations for continued growth. 3 Reasons We’re Fans of Lam Research
• Positive Sentiment: Analyst sentiment is generally supportive. Brokerages have assigned Lam Research a consensus “Moderate Buy” rating, and long-term stock coverage highlights record revenue, improving margins and favorable AI-related demand prospects. Lam Research Receives Consensus Rating of Moderate Buy
• Neutral Sentiment: Relative performance is attracting attention. Lam Research has substantially outpaced parts of the broader computer and technology sector, although comparisons with individual peers such as CTS do not by themselves change the company’s earnings outlook. Is Lam Research Stock Outpacing Its Peers?
• Negative Sentiment: Valuation and technical risks remain. The stock has nearly tripled over the past year and trades at a growth-oriented valuation, increasing the risk of profit-taking if semiconductor spending or earnings estimates weaken. Recent technical indicators are mixed rather than uniformly bullish. Lam Research Nearly Triples in a Year

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.