Mizuho Markets Americas LLC Has $28.98 Million Stock Holdings in Lam Research Corporation $LRCX

Mizuho Markets Americas LLC raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 135,661 shares of the semiconductor company’s stock after purchasing an additional 1,661 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Lam Research were worth $28,985,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LRCX. Bayban bought a new position in Lam Research during the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. acquired a new position in Lam Research during the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC increased its stake in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Triumph Capital Management bought a new position in shares of Lam Research during the third quarter worth $27,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research in the 4th quarter valued at $27,000. 84.61% of the stock is currently owned by institutional investors.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam Research is being highlighted as one of the semiconductor names likely to benefit from the ongoing AI infrastructure buildout, with investors continuing to favor chip equipment companies tied to advanced manufacturing. Billionaire Investor Philippe Laffont’s Top 5 Tech Picks
• Positive Sentiment: Recent coverage says Lam Research heads into its next earnings report with the ingredients for a possible beat, suggesting expectations are constructive ahead of results. Lam Research (LRCX) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
• Positive Sentiment: Wall Street’s generally bullish view on Lam Research is another supportive factor, with analyst sentiment implying confidence in the company’s longer-term fundamentals. Is It Worth Investing in Lam Research (LRCX) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Lam Research recently joined the AI Materials Foundry as a founding partner, reinforcing its AI relevance, but the article also notes that the stock has cooled recently after a strong run. Lam Research (LRCX) Following AI Materials Foundry Move Looks About Right
• Neutral Sentiment: Broader semiconductor optimism remains intact, with semiconductor ETFs up sharply this year and investors watching Intel’s earnings as a read-through for the group. Semiconductor ETFs Surge Ahead of Intel Earnings
• Negative Sentiment: Some market commentary points to profit-taking in technology stocks ahead of major earnings releases, which can weigh on sentiment across the semiconductor sector, including Lam Research. Nasdaq slips and Dow climbs as investors brace for big tech earnings, Super Micro surges

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LRCX. Berenberg Bank raised their price target on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. New Street Research increased their target price on Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Mizuho raised their target price on shares of Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a report on Thursday, July 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Finally, Erste Group Bank cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $360.51.

Lam Research Trading Up 0.2%

NASDAQ:LRCX opened at $319.78 on Friday. The company has a market cap of $399.91 billion, a P/E ratio of 60.34, a price-to-earnings-growth ratio of 1.90 and a beta of 1.80. Lam Research Corporation has a twelve month low of $90.93 and a twelve month high of $438.50. The business has a 50 day moving average price of $341.33 and a two-hundred day moving average price of $273.59. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the previous year, the firm posted $1.04 earnings per share. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. As a group, analysts expect that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research’s payout ratio is 19.62%.

Insider Buying and Selling at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the sale, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. This represents a 21.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 104,621 shares of company stock valued at $33,804,737. Corporate insiders own 0.31% of the company’s stock.

About Lam Research

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.