Arizona State Retirement System Purchases 2,379 Shares of Lam Research Corporation $LRCX

Arizona State Retirement System raised its holdings in Lam Research Corporation (NASDAQ:LRCX) by 0.7% during the second quarter, Holdings Channel.com reports. The fund owned 346,510 shares of the semiconductor company’s stock after purchasing an additional 2,379 shares during the period. Lam Research comprises about 0.7% of Arizona State Retirement System’s holdings, making the stock its 21st largest holding. Arizona State Retirement System’s holdings in Lam Research were worth $150,153,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of LRCX. Brighton Jones LLC grew its stake in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares in the last quarter. Caxton Associates LLP acquired a new stake in Lam Research in the 1st quarter valued at about $239,000. Gabelli Funds LLC acquired a new stake in Lam Research in the 2nd quarter valued at about $253,000. NewEdge Advisors LLC grew its holdings in Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. increased its position in Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after buying an additional 781 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Lam Research

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LRCX shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Wells Fargo & Company restated an “overweight” rating and issued a $350.00 price target (down from $450.00) on shares of Lam Research in a research note on Thursday, July 30th. Susquehanna reaffirmed a “positive” rating and set a $475.00 price target (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Sanford C. Bernstein lifted their price objective on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Stifel Nicolaus upped their price objective on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $358.97.

Lam Research Stock Performance

LRCX traded up $12.77 during trading on Tuesday, hitting $320.42. The stock had a trading volume of 8,922,415 shares, compared to its average volume of 10,918,421. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The firm has a market cap of $400.95 billion, a price-to-earnings ratio of 55.63, a P/E/G ratio of 1.22 and a beta of 1.85. The company has a 50 day moving average price of $319.27 and a 200-day moving average price of $292.29. Lam Research Corporation has a one year low of $104.46 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the business posted $1.33 earnings per share. Lam Research’s quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, research analysts predict 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 given a $0.33 dividend. The ex-dividend date is Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 18.06%.

Insider Activity at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction 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 represents a 21.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 77,782 shares of company stock worth $26,755,370. Company insiders own 0.31% of the company’s stock.

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.