Compass Financial Management LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,814 shares of the semiconductor company's stock, valued at approximately $3,721,000.
A number of other institutional investors also recently modified their holdings of the company. Paladin Partners LLC acquired a new stake in Lam Research during the 2nd quarter valued at $26,000. Bravera Wealth acquired a new position in Lam Research during the 2nd quarter worth about $46,000. Cedar Mountain Advisors LLC grew its holdings 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 acquiring an additional 85 shares during the last quarter. Comprehensive Financial Planning Inc. PA acquired a new stake in Lam Research in the 2nd quarter valued at about $52,000. Finally, Vermillion Wealth Management Inc. bought a new position in shares of Lam Research in the first quarter worth about $26,000. Institutional investors own 84.61% of the company's stock.
Insider Transactions at Lam Research
In related news, 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 transaction of $19,118,600.00. Following the sale, the director owned 199,205 shares of the company's stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through 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 stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of 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 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. Insiders have sold a total of 80,441 shares of company stock valued at $27,614,296 over the last three months. 0.31% of the stock is currently owned by corporate insiders.
Lam Research Price Performance
Shares of LRCX opened at $310.17 on Tuesday. The stock has a market cap of $388.12 billion, a P/E ratio of 53.85, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. Lam Research Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The stock's 50-day moving average price is $335.90 and its two-hundred day moving average price is $286.99. 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 (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research's revenue for the quarter was up 30.0% on a year-over-year basis. During the same period last year, the company posted $1.33 EPS. 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 earnings per share for the current year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on LRCX. Sanford C. Bernstein upped their target price on shares of Lam Research from $325.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $390.00 price objective on shares of Lam Research in a report on Thursday, July 30th. Susquehanna reissued a "positive" rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. Evercore reaffirmed an "outperform" rating and set a $355.00 price target on shares of Lam Research in a research note on Monday, July 20th. Finally, Zacks Research upgraded shares of Lam Research from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. One research 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. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $358.47.
Check Out Our Latest Research Report on Lam Research
Lam Research Company Profile
(
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.
Further Reading
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