M & L Capital Management Ltd Buys 14,600 Shares of Lam Research Corporation $LRCX

M & L Capital Management Ltd bought a new position in Lam Research Corporation (NASDAQ:LRCX) during the third quarter, HoldingsChannel.com reports. The fund bought 14,600 shares of the semiconductor company’s stock, valued at approximately $4,796,000. Lam Research comprises about 1.0% of M & L Capital Management Ltd’s holdings, making the stock its 18th largest holding.

A number of other institutional investors have also recently modified their holdings of LRCX. Cedar Mountain Advisors LLC raised its position in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. Paladin Partners LLC bought a new position in Lam Research in the 2nd quarter worth about $26,000. Quintet Private Bank Europe S.A. boosted its stake in Lam Research by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Dakota Community Bank & Trust NA purchased a new stake in Lam Research during the 3rd quarter valued at about $33,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in Lam Research during the 2nd quarter valued at about $35,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Fundamental Research set a $390.00 price objective on shares of Lam Research in a research note on Thursday, October 1st. Evercore set a $315.00 target price on shares of Lam Research in a research note on Tuesday, October 20th. Morgan Stanley set a $339.00 price target on shares of Lam Research and gave the company an “overweight” rating in a report on Thursday, October 22nd. UBS Group reiterated a “buy” rating and set a $400.00 price target (down from $425.00) on shares of Lam Research in a report on Thursday, October 22nd. Finally, Jefferies Financial Group set a $335.00 price target on shares of Lam Research and gave the company a “buy” rating in a research report on Thursday, July 30th. Twenty-six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $360.23.

Lam Research Stock Performance

LRCX opened at $240.85 on Wednesday. The company’s 50-day simple moving average is $298.43 and its two-hundred day simple moving average is $283.24. The stock has a market capitalization of $300.86 billion, a P/E ratio of 35.89 and a beta of 1.85. Lam Research Corporation has a 52-week low of $135.50 and a 52-week high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. The company had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. The business’s revenue was up 54.4% compared to the same quarter last year. Research analysts forecast that Lam Research Corporation will post 9.59 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were issued a $0.33 dividend. This is an increase from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, September 23rd. Lam Research’s dividend payout ratio is 19.67%.

Insider Activity at Lam Research

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were 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. The trade was a 31.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the stock in a transaction 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. The trade was a 10.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.31% of the company’s stock.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam Research reported 54.4% year-over-year quarterly revenue growth to $8.22 billion and earnings of $2.20 per share, exceeding analysts’ estimates of $8.14 billion and $2.18, respectively. The results reinforce the company’s exposure to robust semiconductor and AI infrastructure demand. Lam Research reports 54.4 percent revenue growth
• Positive Sentiment: Lam Research was identified as a top-ranked stock with long-term growth potential and a compelling valuation following the recent market selloff. This may be encouraging dip buyers and supporting the rebound in LRCX shares. Equities Bounce: 3 Top Ranked Stocks to Buy Now
• Positive Sentiment: Bullish investment commentary highlights Lam Research’s cash flow, long-term growth prospects and potential to benefit from AI-driven demand, supporting comparisons that favor LRCX against peers such as Applied Materials and KLA. Lam Research versus AMAT and KLAC

Lam Research Profile

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.