C M Bidwell & Associates Ltd. Takes $1.46 Million Position in Lam Research Corporation $LRCX

C M Bidwell & Associates Ltd. purchased a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,375 shares of the semiconductor company's stock, valued at approximately $1,462,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bayban purchased a new position in shares of Lam Research in the 4th quarter valued at $26,000. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research in the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC raised its position in Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after buying an additional 85 shares during the last quarter. Paladin Partners LLC acquired a new stake in Lam Research in the second quarter valued at about $26,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research analyst reports. Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the stock an "overweight" rating in a report on Monday, June 29th. Stifel Nicolaus boosted their target price on shares of Lam Research from $325.00 to $425.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $390.00 target price on shares of Lam Research in a research note on Thursday, July 30th. Wall Street Zen downgraded Lam Research from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. Finally, Weiss Ratings raised Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday. One 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 company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $358.47.

Lam Research Stock Performance

NASDAQ:LRCX opened at $310.17 on Tuesday. 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 company has a market cap of $388.12 billion, a P/E ratio of 53.85, a P/E/G ratio of 1.25 and a beta of 1.84. Lam Research Corporation has a fifty-two week low of $94.11 and a fifty-two week high of $438.50. The firm's 50 day moving average is $335.90 and its two-hundred day moving average is $286.99.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company earned $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 year.

Insider Activity at Lam Research

In other Lam Research news, 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 completion of the sale, the director owned 199,205 shares of the company's stock, valued at approximately $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company's stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director owned 87,142 shares of the company's stock, valued at $29,192,570. This represents a 17.34% 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. Over the last 90 days, insiders have 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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