Gunderson Capital Management LLC Purchases New Shares in Lam Research Corporation $LRCX

Gunderson Capital Management LLC purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 27,165 shares of the semiconductor company’s stock, valued at approximately $8,924,000. Lam Research makes up 2.4% of Gunderson Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding.

Other institutional investors have also recently bought and sold shares of the company. Paladin Partners LLC bought a new position in Lam Research in the 2nd quarter valued at $26,000. Dakota Community Bank & Trust NA acquired a new stake in shares of Lam Research in the 3rd quarter valued at $33,000. Quintet Private Bank Europe S.A. raised its position in shares of Lam Research by 100.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 50 shares during the last quarter. Bravera Wealth bought a new stake in shares of Lam Research during the second quarter worth $46,000. Finally, Cedar Mountain Advisors LLC raised its position in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 85 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In related news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction 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 completion of the sale, the director owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the sale, the insider directly owned 42,462 shares in the company, valued at $12,843,056.52. The trade was 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 owned by insiders.

Lam Research Trading Down 4.7%

NASDAQ LRCX traded down $13.54 during trading on Thursday, reaching $273.38. 7,353,957 shares of the stock traded hands, compared to its average volume of 10,640,310. The firm has a market cap of $342.11 billion, a price-to-earnings ratio of 47.45, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85. The stock’s 50-day moving average price is $310.54 and its 200 day moving average price is $307.88. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts predict that Lam Research Corporation will post 9.34 EPS for the current year.

Lam Research Increases Dividend

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

Analyst Upgrades and Downgrades

LRCX has been the topic of several recent research reports. Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Wells Fargo & Company reissued an “overweight” rating and set a $350.00 price objective (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. HSBC reissued a “hold” rating and set a $333.00 price objective on shares of Lam Research in a report on Monday, July 27th. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Finally, UBS Group reduced their target price on shares of Lam Research from $435.00 to $425.00 and set a “buy” rating on the stock in a research note on Tuesday, September 1st. One investment 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, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $364.59.

Lam Research News Roundup

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

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.