Lam Research Corporation $LRCX Stock: Contravisory Investment Management Inc. Increases Stake

Contravisory Investment Management Inc. increased its position in Lam Research Corporation (NASDAQ:LRCX) by 39.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,287 shares of the semiconductor company’s stock after buying an additional 2,050 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Lam Research were worth $2,394,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Paladin Partners LLC purchased a new position in Lam Research during the second quarter valued at approximately $26,000. Dakota Community Bank & Trust NA purchased a new stake in shares of Lam Research in the third quarter worth $33,000. Quintet Private Bank Europe S.A. increased its stake in shares of Lam Research by 100.0% in the third 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. Bravera Wealth bought a new stake in shares of Lam Research during the 2nd quarter valued at $46,000. Finally, Cedar Mountain Advisors LLC raised its position in shares of Lam Research by 242.9% during the 1st 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. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LRCX. Susquehanna reiterated a “positive” rating and issued a $475.00 price target (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. Bank of America increased their price objective on shares of Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Rothschild & Co Redburn raised their price objective on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the stock an “overweight” rating in a report on Monday, June 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $320.00 target price on shares of Lam Research in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.59.

Insider Activity

In related news, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 transaction of $1,512,300.00. Following the completion of the sale, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is currently owned by corporate insiders.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Analyst estimates and price targets remain supportive. DBS Bank raised its price target for Lam Research to $416, while Erste Group increased its FY2027 EPS estimate to $9.40 from $9.34 and FY2028 EPS estimate to $11.99 from $11.68. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Expectations for upcoming results are strong. UBS reportedly expects Lam Research to deliver strong results and guidance, while recent quarterly results showed record revenue, margins and EPS, with management guiding to another solid quarter. Lam Research, TI and Western Digital are likely to post strong results, guidance: UBS
• Neutral Sentiment: The next major catalyst is the October 21 earnings call. Investors are likely to focus on Lam Research’s outlook for wafer-fabrication equipment demand, AI-related spending and its fiscal 2027 guidance. The stock’s elevated valuation means results and guidance may need to exceed expectations to support further gains.
• Negative Sentiment: Broad semiconductor-equipment selling is the main near-term headwind. Applied Materials, Lam Research and KLA all weakened as investors locked in gains and reassessed expensive AI-related chip stocks ahead of important industry earnings reports. Because Lam is closely tied to semiconductor capital-spending cycles, it tends to move with the group even without negative company news. Semiconductor Equipment Stocks Slide as Investors Take Profits on a Huge Year
• Negative Sentiment: Reported insider activity may add to investor caution. Quiver Quantitative data shows 55 insider sales and no purchases over the past six months, although such transactions may reflect scheduled sales or diversification rather than a direct view of business prospects. Why Lam Research Stock Is Down Today

Lam Research Price Performance

Shares of LRCX stock traded down $8.45 on Tuesday, reaching $301.11. The company’s stock had a trading volume of 8,154,915 shares, compared to its average volume of 10,660,391. The stock’s fifty day simple moving average is $311.28 and its 200-day simple moving average is $306.87. Lam Research Corporation has a 1 year low of $134.04 and a 1 year high of $438.50. The company has a market capitalization of $376.82 billion, a price-to-earnings ratio of 52.28, a price-to-earnings-growth ratio of 1.26 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX) last released its quarterly 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 for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Lam Research’s 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. Analysts forecast that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a $0.33 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s payout ratio is presently 22.92%.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.