Atlatl Advisers LLC grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 816.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,210 shares of the semiconductor company's stock after purchasing an additional 14,442 shares during the quarter. Lam Research makes up approximately 1.7% of Atlatl Advisers LLC's holdings, making the stock its 11th biggest position. Atlatl Advisers LLC's holdings in Lam Research were worth $7,024,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of LRCX. Bayban purchased a new stake in shares of Lam Research during the 4th quarter valued at $26,000. Vermillion Wealth Management Inc. acquired a new stake in Lam Research in the 1st quarter valued at approximately $26,000. Cedar Mountain Advisors LLC boosted its stake in shares of Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 85 shares during the period. Mcguire Capital Advisors Inc. acquired a new stake in Lam Research in the 4th quarter valued at about $27,000. Finally, Triumph Capital Management purchased a new position in Lam Research in the third quarter valued at $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Lam Research
In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director directly owned 87,142 shares of the company's stock, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the firm's 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 transaction, the director directly owned 199,205 shares of the company's stock, 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 three months, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on LRCX. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $320.00 target price on shares of Lam Research in a report on Thursday, July 30th. Citigroup restated a "buy" rating and set a $450.00 price objective (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. B. Riley Financial reduced their target price on shares of Lam Research from $385.00 to $350.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Stifel Nicolaus lifted their target price on Lam Research from $325.00 to $425.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Finally, Jefferies Financial Group set a $335.00 target price on Lam Research and gave the company a "buy" rating in a research note on Thursday, July 30th. One 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $358.47.
View Our Latest Research Report on Lam Research
Lam Research Stock Up 1.1%
Shares of LRCX stock opened at $314.00 on Friday. The firm has a market capitalization of $392.91 billion, a P/E ratio of 54.51, a PEG 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 1 year low of $94.11 and a 1 year high of $438.50. The firm's fifty day moving average price is $337.47 and its two-hundred day moving average price is $286.09.
Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The firm's revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts predict that Lam Research Corporation will post 9.32 EPS for the current fiscal year.
Lam Research Profile
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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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