Lam Research Corporation $LRCX Stock Bought by Bank Pictet & Cie Europe AG

Bank Pictet & Cie Europe AG boosted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 2,356.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 reporting period.

Other institutional investors also recently bought and sold shares of the company. Paladin Partners LLC purchased a new stake in shares of Lam Research in the second quarter valued at approximately $26,000. Dakota Community Bank & Trust NA purchased a new position in shares of Lam Research during the 3rd quarter valued at approximately $33,000. Quintet Private Bank Europe S.A. lifted its position in shares of Lam Research by 100.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 50 shares in the last quarter. Bravera Wealth purchased a new position in shares of Lam Research during the 2nd quarter valued at approximately $46,000. Finally, Cedar Mountain Advisors LLC grew its stake in Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 85 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent analyst reports. Fundamental Research set a $390.00 price target on shares of Lam Research in a report on Thursday, October 1st. UBS Group reduced their price objective on shares of Lam Research from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Tuesday, September 1st. Mizuho decreased their price objective on shares of Lam Research from $370.00 to $365.00 and set an “outperform” rating on the stock in a report on Tuesday, August 25th. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Finally, Susquehanna reiterated a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. One equities research 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $365.07.

Key Headlines Impacting 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

Insider Activity

In other news, insider Ava Harter sold 5,000 shares of the firm’s 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 transaction, the insider directly 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of LRCX traded down $8.49 during trading hours on Tuesday, hitting $263.71. 3,542,364 shares of the stock were exchanged, compared to its average volume of 10,638,453. The stock’s 50-day moving average price is $308.34 and its two-hundred day moving average price is $309.21. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The company has a market cap of $330.01 billion, a price-to-earnings 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 data 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 return on equity of 67.60% and a net margin of 31.27%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $1.33 EPS. The firm’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. Research analysts expect that Lam Research Corporation will post 9.34 earnings per share for the current year.

Lam Research Increases Dividend

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

About Lam Research

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.