St. Louis Financial Planners Asset Management LLC Buys New Shares in Lam Research Corporation $LRCX

St. Louis Financial Planners Asset Management LLC bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 12,368 shares of the semiconductor company’s stock, valued at approximately $5,359,000. Lam Research comprises approximately 2.8% of St. Louis Financial Planners Asset Management LLC’s portfolio, making the stock its 6th largest position.

Other large investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after purchasing an additional 265,805 shares during the period. Geode Capital Management LLC boosted its position in shares of Lam Research by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock worth $5,764,117,000 after purchasing an additional 126,613 shares in the last quarter. Invesco Ltd. grew its stake in shares of Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after buying an additional 1,638,406 shares during the period. Norges Bank acquired a new stake in shares of Lam Research in the 4th quarter valued at about $3,645,427,000. Finally, Price T Rowe Associates Inc. MD increased its position in Lam Research by 352.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after buying an additional 10,666,540 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Down 0.5%

LRCX stock opened at $305.77 on Friday. Lam Research Corporation has a twelve month low of $94.11 and a twelve 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’s 50 day moving average is $340.03 and its 200-day moving average is $279.42. The firm has a market capitalization of $382.39 billion, a PE ratio of 53.09, a P/E/G ratio of 1.23 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS 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 business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the firm posted $1.33 EPS. Lam Research’s quarterly revenue 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. Sell-side analysts expect that Lam Research Corporation will post 9.24 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is currently 18.06%.

Analysts Set New Price Targets

A number of research firms recently weighed in on LRCX. Evercore reaffirmed an “outperform” rating and set a $355.00 price target on shares of Lam Research in a research note on Monday, July 20th. Berenberg Bank boosted their price objective on Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. TD Cowen reaffirmed a “buy” rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. New Street Research lifted their price target on shares of Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Finally, Jefferies Financial Group set a $335.00 price target on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. One equities 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 stock. According to data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $358.47.

Trending Headlines about Lam Research

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

• Positive Sentiment: Strong earnings and guidance support the AI equipment outlook. Lam Research reported quarterly EPS of $1.82, ahead of the approximately $1.69–$1.70 analyst estimate, while revenue reached $6.72 billion. Management’s next-quarter outlook, centered around roughly $2.15 EPS, was also well above the Street’s $1.84 expectation. Lam Research Soars After Earnings
• Positive Sentiment: The semiconductor equipment cycle may have further room to run. Lam’s order trends and earnings commentary suggest the AI chipmaking supercycle remains intact. Higher capital-spending plans from Taiwan Semiconductor and an optimistic outlook from Intel could support demand for wafer-fabrication equipment, with advanced packaging and testing identified as particularly attractive growth areas. Lam Research’s Latest Earnings Report
• Positive Sentiment: Broader AI infrastructure investment could create additional industry demand. Tesla’s planned $16.8 billion chip and AI-computing complex could benefit semiconductor manufacturers and equipment suppliers over time, although the article does not identify a direct Lam Research contract. Tesla’s Chip Bet
• Neutral Sentiment: Recent stock screens and growth-at-a-reasonable-price commentary continue to feature LRCX, while comparisons with Accenture emphasize Lam’s relatively steady revenue growth. These mentions may improve visibility but do not represent new company-specific catalysts. Accenture vs. Lam Research
• Negative Sentiment: Valuation is limiting enthusiasm. Following the earnings-related rebound, commentary noted that LRCX trades at the upper end of its historical forward-earnings range. Analysts also have conflicting views, increasing the potential for profit-taking after the recent rally. Conflicting Analyst Sentiment

Insider Activity

In related news, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 80,441 shares of company stock worth $27,614,296 over the last quarter. Insiders own 0.31% of the company’s stock.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.