2,797 Lam Research Corporation $LRCX Shares Purchased by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 95.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,717 shares of the semiconductor company’s stock after buying an additional 2,797 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Lam Research were worth $1,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LRCX. NorthCrest Asset Manangement LLC lifted its position in Lam Research by 5.4% during the third quarter. NorthCrest Asset Manangement LLC now owns 68,976 shares of the semiconductor company’s stock worth $22,113,000 after acquiring an additional 3,523 shares during the last quarter. Avior Wealth Management LLC increased its position in Lam Research by 1.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,615 shares of the semiconductor company’s stock worth $859,000 after purchasing an additional 42 shares in the last quarter. Perpetual Ltd boosted its holdings in shares of Lam Research by 0.4% during the 3rd quarter. Perpetual Ltd now owns 12,597 shares of the semiconductor company’s stock valued at $4,138,000 after acquiring an additional 52 shares in the last quarter. Sacks & Associates LLC acquired a new position in Lam Research in the 3rd quarter valued at approximately $205,000. Finally, Oak Grove Capital LLC raised its position in shares of Lam Research by 3.1% during the third quarter. Oak Grove Capital LLC now owns 16,809 shares of the semiconductor company’s stock worth $5,522,000 after acquiring an additional 500 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

LRCX traded down $13.21 on Tuesday, reaching $296.35. The company had a trading volume of 3,879,349 shares, compared to its average volume of 10,637,499. The business has a 50 day simple moving average of $311.28 and a 200 day simple moving average of $306.87. 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 $370.86 billion, a price-to-earnings ratio of 51.63, a P/E/G ratio of 1.26 and a beta of 1.85. Lam Research Corporation has a 52-week low of $134.04 and a 52-week high of $438.50.

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

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change 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 payout ratio is presently 22.92%.

Trending Headlines about Lam Research

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

• Positive Sentiment: Analysts at Erste Group Bank raised their Lam Research EPS estimates to $9.40 for fiscal 2027 and $11.99 for fiscal 2028, signaling improved expectations for longer-term earnings growth.
• Positive Sentiment: Recent commentary from UBS and other analysts remains constructive, with Lam Research viewed as positioned for strong results and guidance ahead of its next quarterly report. The company’s prior quarter delivered record revenue, operating margin and EPS, while management guided to another strong quarter. UBS outlook on Lam Research results
• Positive Sentiment: Customer support and other revenue rose 42.6% year over year to $2.472 billion in the June quarter, providing a growing and comparatively recurring revenue stream from Lam’s installed equipment base. Lam Research support revenue analysis
• Neutral Sentiment: Institutional ownership data was mixed: 1,610 investors added shares in the latest quarter, while 1,239 reduced positions. Several large managers increased holdings, but some major institutions also cut exposure.
• Negative Sentiment: Insiders reported no open-market purchases and 55 sales over the past six months, including sales by CEO Timothy Archer. This may weigh on sentiment, although insider transactions do not necessarily reflect operating expectations.
• Negative Sentiment: Lam is highly sensitive to wafer-fabrication spending and tends to move with semiconductor-capital-equipment peers. Broad de-risking of AI and chip stocks is therefore pressuring LRCX despite strong recent fundamentals.

Insiders Place Their Bets

In related news, Director Bethany Mayer sold 9,557 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ava Harter sold 5,000 shares of the business’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 value of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares in the company, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price target (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $385.00 target price (up from $367.00) on shares of Lam Research in a research report on Monday, October 5th. HSBC reissued a “hold” rating and set a $333.00 target price on shares of Lam Research in a research report on Monday, July 27th. Finally, Rothschild & Co Redburn boosted their price objective on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 17th. One 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $364.59.

Lam Research 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.