Bamco Inc. NY Has $56.04 Million Position in Lam Research Corporation $LRCX

Bamco Inc. NY boosted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,318 shares of the semiconductor company's stock after buying an additional 12,648 shares during the quarter. Bamco Inc. NY's holdings in Lam Research were worth $56,037,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in LRCX. Bank of America Corp DE increased its stake in shares of Lam Research by 5.5% in the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company's stock valued at $4,872,426,000 after buying an additional 584,489 shares during the period. Blodgett Wealth Advisors LLC bought a new position in shares of Lam Research during the second quarter worth about $312,000. Sonoma Private Wealth LLC acquired a new position in shares of Lam Research in the second quarter worth approximately $214,000. First Bancorp Inc ME acquired a new position in shares of Lam Research in the second quarter worth approximately $130,000. Finally, Ancora Advisors LLC bought a new stake in Lam Research in the second quarter valued at approximately $1,680,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, 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 transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The sale 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, SVP Neil J. Fernandes sold 7,659 shares of the business's stock in a transaction on 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 sale, the senior vice president owned 58,470 shares of the company's stock, valued at $18,102,312. This trade represents a 11.58% 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. Insiders have sold a total of 80,441 shares of company stock worth $27,614,296 in the last ninety days. Corporate insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent analyst reports. Zacks Research raised shares of Lam Research from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Stifel Nicolaus boosted their price target on shares of Lam Research from $325.00 to $425.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. B. Riley Financial reduced their price objective on shares of Lam Research from $385.00 to $350.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Barclays reiterated an "overweight" rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. Finally, Rothschild & Co Redburn lifted their target price on shares of Lam Research from $305.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 17th. One equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $357.31.

Lam Research Stock Down 0.6%

LRCX stock opened at $312.88 on Thursday. The stock's 50 day simple moving average is $333.58 and its 200 day simple moving average is $288.43. 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 debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The company has a market cap of $391.51 billion, a P/E ratio of 54.32, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same quarter last year, the firm posted $1.33 earnings per share. The company's revenue for the quarter 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. On average, research analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Lam Research News Roundup

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

• Positive Sentiment: AI-focused R&D expansion: Lam Research broke ground on a 120,000-square-foot laboratory in Tualatin, Oregon, as part of a planned investment of more than $3 billion in its global lab network over the next five years. The facility is intended to support collaboration with chipmakers and accelerate equipment innovations for advanced AI semiconductors. Lam Research Oregon lab announcement
• Positive Sentiment: Strong AI demand outlook: CEO Tim Archer said increasingly complex AI models require more computing power, bandwidth and storage, creating demand for semiconductor innovation. The investment reinforces Lam’s positioning as a supplier to the AI infrastructure buildout. Lam Research AI investment video
• Positive Sentiment: Favorable analyst and fundamentals commentary: Zacks highlighted AI-driven growth, recurring services revenue, earnings momentum and Lam’s balance sheet, while Mizuho maintained an “outperform” rating despite trimming its price target to $365 from $370. Lam’s latest reported quarter also showed 30% year-over-year revenue growth and an earnings beat.
• Neutral Sentiment: Investor outreach scheduled: CFO Doug Bettinger will participate in upcoming investor conferences. The events could provide updates on demand, AI exposure and the Oregon investment, but no new financial guidance was announced. Lam Research conference announcement
• Negative Sentiment: Investment and valuation concerns: The multibillion-dollar R&D expansion will raise near-term capital and operating costs, while the stock’s high earnings multiple leaves less room for disappointment. The modest analyst price-target reduction may also have limited enthusiasm.

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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