7,770 Shares in Lam Research Corporation $LRCX Purchased by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,770 shares of the semiconductor company's stock, valued at approximately $2,277,000. Lam Research comprises approximately 1.5% of Stoneridge Investment Partners LLC's investment portfolio, making the stock its 12th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of LRCX. 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 acquiring an additional 265,805 shares in the last quarter. Geode Capital Management LLC increased its position in 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 valued at $5,764,117,000 after purchasing an additional 126,613 shares during the period. Invesco Ltd. increased its position in Lam Research by 7.7% during the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company's stock valued at $3,906,559,000 after purchasing an additional 1,638,406 shares during the period. Norges Bank bought a new position in Lam Research in the 4th quarter worth $3,645,427,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $2,344,347,000 after purchasing an additional 10,666,540 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $310.17 on Tuesday. The company has a 50 day simple moving average of $335.90 and a two-hundred day simple moving average of $286.99. Lam Research Corporation has a fifty-two week low of $94.11 and a fifty-two week high of $438.50. The company has a market capitalization of $388.12 billion, a price-to-earnings ratio of 53.85, a P/E/G ratio of 1.25 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The firm had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LRCX has been the topic of several research analyst reports. Citigroup reiterated a "buy" rating and set a $450.00 price target (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $320.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Rothschild & Co Redburn upped their target price on Lam Research from $305.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 17th. UBS Group restated a "buy" rating and issued a $375.00 target price (up from $310.00) on shares of Lam Research in a research note on Tuesday, June 9th. Finally, Zacks Research raised Lam Research from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $358.47.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the business's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares of the company's stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through 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 stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by insiders.

Lam Research Profile

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.

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