Turtle Creek Wealth Advisors LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,399 shares of the semiconductor company’s stock after selling 2,713 shares during the period. Lam Research accounts for about 1.4% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 15th largest position. Turtle Creek Wealth Advisors LLC’s holdings in Lam Research were worth $27,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in Lam Research by 61.4% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 862 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 328 shares during the last quarter. Nvwm LLC lifted its stake in Lam Research by 1.7% in the 3rd quarter. Nvwm LLC now owns 8,545 shares of the semiconductor company’s stock worth $2,807,000 after purchasing an additional 145 shares in the last quarter. HBW Advisory Services LLC lifted its stake in Lam Research by 75.7% in the 3rd quarter. HBW Advisory Services LLC now owns 1,989 shares of the semiconductor company’s stock worth $653,000 after purchasing an additional 857 shares in the last quarter. B.A. Schrock Wealth Management Inc. bought a new position in shares of Lam Research during the 3rd quarter valued at about $1,540,000. Finally, Howard Financial Services LTD. boosted its holdings in shares of Lam Research by 23.6% during the 3rd quarter. Howard Financial Services LTD. now owns 1,617 shares of the semiconductor company’s stock valued at $531,000 after purchasing an additional 309 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on the company. Susquehanna restated a “positive” rating and set a $475.00 price objective (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. TD Cowen reiterated a “buy” rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. B. Riley Financial boosted their target price on Lam Research from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Bank of America increased their price target on Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Morgan Stanley restated an “overweight” rating and set a $385.00 price target (up from $367.00) on shares of Lam Research in a report on Monday, October 5th. One 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.59.
Key Headlines Impacting Lam Research
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: DBS Bank raised its price target for Lam Research to $416, signaling continued confidence in the company’s long-term semiconductor-equipment demand outlook. DBS Bank lifts target to USD 416 for Lam Research stock
- Positive Sentiment: Twenty-four exchange-traded funds increased their Lam Research holdings on October 13, indicating continued institutional or portfolio-manager interest in the stock. 24 ETFs Add to Lam Research Holdings
- Positive Sentiment: Analysts’ consensus price target implies roughly 25.6% potential upside, while improving earnings-estimate revisions could support the shares if the company delivers strong results. Wall Street Analysts See a 25.6% Upside in Lam Research
- Neutral Sentiment: Lam Research is scheduled to report quarterly results on October 21. Investors are likely awaiting updated guidance and commentary on AI-related semiconductor spending before making larger commitments. Lam Research stock trades ahead of October 21 results
- Negative Sentiment: Semiconductor-equipment shares, including Lam Research, have sold off as investors lock in gains following a powerful year driven by AI demand. The sector-wide move is the clearest near-term reason for LRCX’s weakness. Semiconductor Equipment Stocks Slide as Investors Take Profits
- Negative Sentiment: The shares have declined for seven consecutive sessions and recently underperformed the broader market, reflecting deteriorating short-term momentum and caution ahead of earnings. Lam Research shares tumbled for seven consecutive sessions
Insider Transactions at Lam Research
In related news, insider Ava Harter sold 5,000 shares of the stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is currently owned by company insiders.
Lam Research Price Performance
Lam Research stock traded down $13.54 during mid-day trading on Thursday, reaching $273.38. 7,353,957 shares of the company’s stock traded hands, compared to its average volume of 10,640,310. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average of $310.54 and a two-hundred day moving average of $307.88. The company has a market cap of $342.11 billion, a price-to-earnings ratio of 47.45, a PEG ratio of 1.19 and a beta of 1.85.
Lam Research (NASDAQ:LRCX – Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping 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 company posted $1.33 EPS. The business’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. Equities analysts forecast that Lam Research Corporation will post 9.34 earnings per share for the current year.
Lam Research Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is 22.92%.
Lam Research 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.
Further Reading
- Five stocks we like better than Lam Research
- AMD’s Support Could Help Fermi Stock Overcome Its Biggest Hurdle
- Beyond the GPU: Credo Paves the Next AI Data Superhighway
- Fastenal Flashes Bullish Signal as Uptrend Holds Despite Margin Pressure
- Synopsys Signals Confidence With $1B Accelerated Buyback, Analysts Raise Targets
Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX – Free Report).
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.
