Andra AP fonden Has $82.13 Million Stock Position in Lam Research Corporation $LRCX

Andra AP fonden boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 189,539 shares of the semiconductor company’s stock after purchasing an additional 10,800 shares during the quarter. Lam Research comprises 0.9% of Andra AP fonden’s holdings, making the stock its 19th biggest position. Andra AP fonden’s holdings in Lam Research were worth $82,133,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LRCX. Norges Bank acquired a new stake in shares of Lam Research during the fourth quarter worth $3,645,427,000. Van ECK Associates Corp grew its position 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 buying an additional 8,922,854 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Lam Research in the 2nd quarter valued at about $3,777,585,000. Franklin Resources Inc. raised its position in shares of Lam Research by 57.0% in the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company’s stock valued at $1,730,724,000 after acquiring an additional 3,671,073 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in Lam Research by 235.5% during the 4th quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock worth $890,040,000 after acquiring an additional 3,649,553 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In other news, insider Ava Harter sold 5,000 shares of Lam Research 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of 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 disclosure for this sale is available in the SEC filing. Insiders have sold 32,839 shares of company stock worth $10,644,740 over the last ninety days. Insiders own 0.31% of the company’s stock.

Lam Research Stock Up 1.4%

Shares of LRCX traded up $4.12 during midday trading on Tuesday, hitting $306.40. The stock had a trading volume of 3,142,173 shares, compared to its average volume of 10,872,922. The company has a 50 day simple moving average of $305.98 and a two-hundred day simple moving average of $296.00. Lam Research Corporation has a twelve month low of $125.02 and a twelve month high of $438.50. The firm has a market cap of $383.40 billion, a price-to-earnings ratio of 53.28, a price-to-earnings-growth ratio of 1.14 and a beta of 1.85. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.

Lam Research (NASDAQ:LRCX) last posted 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 analysts’ expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.Lam Research’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts anticipate that Lam Research Corporation will post 9.33 EPS for the current year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend 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 18.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays reiterated an “overweight” rating and issued a $335.00 target price (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Rothschild & Co Redburn lifted their target price on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, June 17th. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the company an “overweight” rating in a research note on Monday, June 29th. Evercore restated an “outperform” rating and issued a $355.00 price target on shares of Lam Research in a report on Monday, July 20th. Finally, TD Cowen reiterated a “buy” rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. One 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $361.81.

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.