Lam Research Corporation $LRCX Stock: Bank Pictet & Cie Europe AG Increases Position

Bank Pictet & Cie Europe AG boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 2,356.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 50,703 shares of the semiconductor company’s stock after purchasing an additional 48,639 shares during the quarter. Bank Pictet & Cie Europe AG’s holdings in Lam Research were worth $16,656,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Lam Research by 2.6% in the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after acquiring an additional 1,545,830 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Lam Research by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock worth $4,872,426,000 after acquiring an additional 584,489 shares during the period. Van ECK Associates Corp boosted 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 valued at $4,805,368,000 after acquiring an additional 8,922,854 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Lam Research during the 2nd quarter valued at about $3,777,585,000. Finally, Amundi boosted its position in shares of Lam Research by 23.7% during the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock valued at $2,168,107,000 after acquiring an additional 1,942,862 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Ava Harter sold 5,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction that occurred 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 owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This trade represents a 31.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.31% of the company’s stock.

Lam Research Trading Down 3.1%

NASDAQ LRCX traded down $8.49 during trading hours on Tuesday, reaching $263.71. The company had a trading volume of 3,542,364 shares, compared to its average volume of 10,638,453. The stock has a 50-day moving average of $308.34 and a 200 day moving average of $309.21. Lam Research Corporation has a 1-year low of $135.50 and a 1-year high of $438.50. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $330.01 billion, a P/E ratio of 45.72, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share 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 business had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same period last year, the business earned $1.33 earnings per share. The business’s revenue for the quarter 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 anticipate that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd were issued a $0.33 dividend. The ex-dividend date was Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio (DPR) is currently 22.92%.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam Research’s latest quarter showed record revenue of $6.72 billion, up 30% year over year, while earnings per share of $1.82 exceeded the $1.69 consensus estimate. Management’s forward guidance also topped expectations, supporting the view that demand for wafer-fabrication equipment remains strong. Learn Why The Bull Case For Lam Research Stock Could Change Following Earnings Beat
• Positive Sentiment: Analysts and investors expect AI infrastructure, memory-chip spending, advanced packaging, 5G and automotive semiconductor demand to support Lam’s results. Deutsche Bank reportedly expects a strong earnings release, while some Wall Street analysts see significant upside if the company confirms accelerating equipment demand. Lam Research Stock Jumps Ahead of This Week’s Earnings – Here’s Why
• Neutral Sentiment: Lam Research is scheduled to report after the market closes Wednesday. Investors will focus on whether AI-related equipment demand is broadening, the pace of DRAM and advanced-memory investment, new orders and management’s next outlook. Strong results could validate the bull case, but expectations are high. Texas Instruments and Lam Research Report Earnings: AI Equipment Boom Meets Analog Rebound
• Negative Sentiment: Goldman Sachs data indicates hedge funds have been reducing chip-stock positions at the fastest pace in more than a decade. This broad de-risking is weighing on semiconductor shares independently of company fundamentals and raises the risk of continued volatility around earnings. Hedge Funds Dumped Tech Stocks at the Fastest Pace in a Decade, Goldman Says
• Negative Sentiment: Technical analysts have pointed to further downside after LRCX’s sharp recent retreat, while ETF net selling and the stock’s premium valuation leave it vulnerable if earnings or guidance disappoint. The shares remain well below their recent high and below key moving-average levels. Lam Research stock: Wyckoff points to more downside despite revenue growth

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Berenberg Bank set a $420.00 price objective on shares of Lam Research in a report on Wednesday, September 9th. Stifel Nicolaus lifted their target price on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Morgan Stanley reiterated an “overweight” rating and issued a $385.00 target price (up from $367.00) on shares of Lam Research in a report on Monday, October 5th. Finally, Evercore set a $315.00 price target on shares of Lam Research in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $365.07.

Lam Research Company 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.