2,895 Shares in Lam Research Corporation $LRCX Acquired by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, Holdings Channel reports. The firm purchased 2,895 shares of the semiconductor company’s stock, valued at approximately $1,254,000.

Several other institutional investors and hedge funds have also modified their holdings of LRCX. Bayban acquired a new position in shares of 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 worth approximately $26,000. Cedar Mountain Advisors LLC raised its position in shares of 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 during the period. Mcguire Capital Advisors Inc. bought a new stake in shares of Lam Research during the fourth quarter worth approximately $27,000. Finally, Triumph Capital Management bought a new position in shares of Lam Research during the third quarter worth approximately $27,000. 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: Strong earnings and upbeat guidance support the long-term outlook. Lam reported quarterly revenue of $6.72 billion and adjusted EPS of $1.82, exceeding expectations. Management’s outlook for the next quarter—approximately $8.10 billion in revenue, 52% gross margin and 39.5% operating margin—also came in well ahead of consensus, reinforcing expectations for continued semiconductor-equipment demand. Lam Research’s Latest Earnings Report Says the AI Chip Supercycle Isn’t Over
• Positive Sentiment: AI, memory and advanced-manufacturing spending remain important catalysts. Commentary points to an ongoing AI chip “supercycle,” higher customer capital expenditures and potential upside for wafer-fabrication equipment spending. Industry optimism from Taiwan Semiconductor and Intel, along with strong memory demand, provides a favorable backdrop for LRCX. BofA’s Cloud Forecast Puts Chip Stocks in Focus
• Positive Sentiment: Analyst targets and quantitative screens remain favorable. LRCX has appeared on growth-at-a-reasonable-price and efficiency screens, while recent analyst targets have generally exceeded the current market level, with a reported median target of $375. GARP Stocks Investors Can Consider
• Neutral Sentiment: Analysts are divided on the shares. Some view Lam as one of the strongest semiconductor-equipment operators with substantial long-term upside, while others believe the recent rebound already reflects much of the earnings improvement.
• Negative Sentiment: Valuation and insider selling are limiting enthusiasm. LRCX trades at a premium earnings multiple, and commentary describes the valuation as near the upper end of its historical range. In addition, reported insider activity shows sales without purchases during the past six months, which may add to investor caution. Lam Research Soars After Earnings

Insiders Place Their Bets

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. 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 three months, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have commented on LRCX shares. Barclays reaffirmed an “overweight” rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Royal Bank Of Canada raised their price objective on Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Morgan Stanley reduced their target price on Lam Research from $404.00 to $367.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. UBS Group restated a “buy” rating and issued a $375.00 price target (up from $310.00) on shares of Lam Research in a research note on Tuesday, June 9th. Finally, BNP Paribas Exane raised their price objective on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. One equities 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $358.47.

Lam Research Trading Down 3.2%

NASDAQ:LRCX opened at $307.42 on Thursday. Lam Research Corporation has a 52 week low of $94.11 and a 52 week high of $438.50. The firm’s fifty day moving average is $340.27 and its 200-day moving average is $278.83. The firm has a market cap of $384.45 billion, a P/E ratio of 53.37, a P/E/G ratio of 1.27 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 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 business had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities analysts expect that Lam Research Corporation will post 9.24 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid 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 dividend payout ratio (DPR) is currently 18.06%.

Lam Research 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.