ABN Amro Investment Solutions increased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,707 shares of the semiconductor company's stock after acquiring an additional 9,903 shares during the period. ABN Amro Investment Solutions' holdings in Lam Research were worth $58,373,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Lam Research during the fourth quarter valued at about $10,035,000. Generali Investments Management Co LLC increased its holdings in shares of Lam Research by 62.0% in the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company's stock worth $6,209,000 after buying an additional 13,878 shares during the period. Rokos Capital Management LLP lifted its stake in shares of Lam Research by 42.0% in the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock valued at $55,532,000 after acquiring an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Lam Research during the 1st quarter valued at about $59,973,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Lam Research during the 1st quarter valued at about $26,489,000. Institutional investors own 84.61% of the company's stock.
Lam Research Trading Up 1.1%
NASDAQ:LRCX opened at $314.00 on Friday. The company has a 50-day moving average price of $337.47 and a 200-day moving average price of $286.09. The stock has a market cap of $392.91 billion, a price-to-earnings ratio of 54.51, a P/E/G ratio of 1.23 and a beta of 1.84. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50.
Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter in the previous year, the company earned $1.33 earnings per share. Lam Research's quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities analysts predict that Lam Research Corporation will post 9.32 EPS for the current year.
Insider Transactions at Lam Research
In related news, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares of the company's stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 80,441 shares of company stock valued at $27,614,296. Corporate insiders own 0.31% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have commented on LRCX. Oppenheimer reaffirmed an "outperform" rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Wall Street Zen lowered Lam Research from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. Mizuho raised their target price on shares of Lam Research from $380.00 to $400.00 and gave the stock an "outperform" rating in a report on Thursday, July 9th. Citigroup reaffirmed a "buy" rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Finally, TD Cowen reiterated a "buy" rating and set a $400.00 price target (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. One equities research 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 stock. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average price target of $358.47.
View Our Latest Report on LRCX
About Lam Research
(
Free Report)
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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