Sumitomo Mitsui DS Asset Management Company Ltd Acquires 4,094 Shares of Lam Research Corporation $LRCX

Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 184,210 shares of the semiconductor company’s stock after buying an additional 4,094 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Lam Research were worth $60,515,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its stake in shares of Lam Research by 2.6% in the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after purchasing an additional 1,545,830 shares during the last quarter. Bank of America Corp DE increased its position in shares of Lam Research by 5.5% during the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock worth $4,872,426,000 after buying an additional 584,489 shares during the period. Van ECK Associates Corp increased its position in shares of Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after buying an additional 8,922,854 shares during the period. Amundi increased its position in shares of Lam Research by 23.7% during the first quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after buying an additional 1,942,862 shares during the period. Finally, Janus Henderson Group PLC raised its stake in Lam Research by 2.0% during the first quarter. Janus Henderson Group PLC now owns 9,265,026 shares of the semiconductor company’s stock worth $1,975,244,000 after buying an additional 181,087 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research News Summary

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

• Positive Sentiment: Strong earnings momentum: Lam’s latest reported quarter produced record revenue of $6.72 billion, up 30% year over year, while EPS of $1.82 exceeded expectations. The company also issued forward guidance above analyst forecasts, reinforcing confidence in continued growth. Learn Why The Bull Case For Lam Research Stock Could Change Following Earnings Beat
• Positive Sentiment: AI and memory demand remain key catalysts: Investors expect rising DRAM investment, advanced packaging and wafer-fabrication capacity for AI, 5G and advanced automotive chips to support Lam’s equipment orders and service revenue. LRCX to Report Q1 Earnings: Should You Buy, Hold or Sell the Stock?
• Positive Sentiment: Analyst support: Deutsche Bank reportedly expects strong results and raised or reiterated a bullish view, helping LRCX participate in a broader semiconductor-sector rally. Lam Research Stock Jumps Ahead of This Week’s Earnings – Here’s Why
• Neutral Sentiment: Results are the next major test: Lam Research is scheduled to report fiscal first-quarter results after the market closes on Wednesday. Investors will focus on revenue, free cash flow, bookings, memory exposure and guidance for evidence that AI-related demand is translating into sustained orders. Lam Research Q3 Earnings: What To Expect
• Negative Sentiment: Technical and positioning risks remain: Despite solid fundamentals, the stock recently fell sharply from its yearly high, with technical analysis pointing to possible additional downside. ETF net selling and a premium valuation also leave the shares vulnerable if earnings or guidance disappoint. Lam Research stock: Wyckoff points to more downside despite revenue growth

Insider Buying and Selling at Lam Research

In other 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 transaction of $1,512,300.00. Following the transaction, the insider owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This represents a 10.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 firm’s stock in a transaction dated 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 completion of the sale, the director owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $272.20 on Tuesday. The company has a market cap of $340.64 billion, a price-to-earnings ratio of 47.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.85. Lam Research Corporation has a 52 week low of $135.50 and a 52 week 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 firm has a 50 day moving average of $308.34 and a 200-day moving average of $309.21.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the business posted $1.33 EPS. Lam Research’s revenue for the quarter 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. On average, equities analysts forecast that Lam Research Corporation will post 9.34 earnings per share for the current year.

Lam Research Increases Dividend

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. TD Cowen restated a “buy” rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating and set a $385.00 price target (up from $367.00) on shares of Lam Research in a research report on Monday, October 5th. Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $375.00 price objective on shares of Lam Research in a research report on Monday. Finally, Berenberg Bank set a $420.00 price objective on Lam Research in a research report on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $366.36.

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.