Commerzbank Aktiengesellschaft FI Buys New Shares in Lam Research Corporation $LRCX

Key Points

• Commerzbank Aktiengesellschaft FI purchased 6,301 Lam Research shares worth approximately $2.73 million in the second quarter. Institutional investors and hedge funds collectively own 84.61% of LRCX.
• Lam Research reported quarterly EPS of $1.82, beating estimates of $1.69, while revenue rose 30% year over year to $6.72 billion. Analysts expect continued growth, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $358.47.
• LRCX shares opened at $310.17, down 1.2%, while insiders have sold 80,441 shares worth approximately $27.6 million over the past three months under pre-arranged trading plans.

Commerzbank Aktiengesellschaft FI purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,301 shares of the semiconductor company's stock, valued at approximately $2,730,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in Lam Research in the 4th quarter valued at approximately $10,035,000. Rokos Capital Management LLP grew its holdings in shares of Lam Research by 42.0% during the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock worth $55,532,000 after purchasing an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Lam Research during the first quarter valued at approximately $59,973,000. Krilogy Financial LLC increased its position in shares of Lam Research by 19.5% during the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company's stock valued at $6,006,000 after purchasing an additional 4,584 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Lam Research in the first quarter valued at $26,489,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Down 1.2%

Shares of LRCX stock opened at $310.17 on Tuesday. The company has a market capitalization 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 12-month low of $94.11 and a 12-month high of $438.50. 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 firm has a 50-day moving average price of $335.90 and a 200 day moving average price of $286.99.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate 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 net margin of 31.27% and a return on equity of 67.60%. The company's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts forecast that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research reports. Barclays reaffirmed an "overweight" rating and issued a $335.00 target price (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a research note on Wednesday, June 10th. Wall Street Zen downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. B. Riley Financial decreased their target price on shares of Lam Research from $385.00 to $350.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Finally, Stifel Nicolaus upped 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. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $358.47.

Insider Buying and Selling

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction that occurred on 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 in the company, valued at $29,192,570. This represents a 17.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the firm's stock in a transaction on 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 sale, the senior vice president directly owned 58,470 shares of the company's stock, valued at $18,102,312. This represents a 11.58% 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. Insiders have sold a total of 80,441 shares of company stock worth $27,614,296 in the last three months. Insiders own 0.31% of the company's stock.

About Lam Research

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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