Great Lakes Advisors LLC Purchases New Position in Lam Research Corporation $LRCX

Key Points

• Great Lakes Advisors acquired 135,241 Lam Research shares worth approximately $58.6 million in the second quarter. Institutional investors collectively own 84.61% of the company.
• Lam Research reported quarterly earnings of $1.82 per share, beating estimates by $0.13, while revenue rose 30% year over year to $6.72 billion. The company issued first-quarter fiscal 2027 EPS guidance of $2.00–$2.30.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $358.47, although two directors sold shares under pre-arranged trading plans and the stock recently traded at $310.17.

Great Lakes Advisors LLC acquired a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 135,241 shares of the semiconductor company's stock, valued at approximately $58,604,000.

A number of other hedge funds have also bought and sold shares of LRCX. State Street Corp raised its stake in shares of Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company's stock valued at $8,024,684,000 after purchasing an additional 265,805 shares during the period. Geode Capital Management LLC lifted its holdings in Lam Research by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company's stock worth $5,764,117,000 after purchasing an additional 126,613 shares in the last quarter. Invesco Ltd. boosted its stake in Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company's stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares during the period. Norges Bank bought a new position in Lam Research in the 4th quarter worth about $3,645,427,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in Lam Research by 352.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company's stock valued at $2,344,347,000 after buying an additional 10,666,540 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Down 1.2%

Shares of NASDAQ:LRCX opened at $310.17 on Tuesday. The firm has a market capitalization of $388.12 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50. The firm has a fifty day moving average of $335.90 and a 200 day moving average of $286.99.

Lam Research (NASDAQ:LRCX - Get Free Report) last released 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. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the business posted $1.33 earnings per share. The company'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. As a group, research analysts anticipate that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Insider Activity at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 Lam Research 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 transaction, the director directly owned 87,142 shares in the company, valued at $29,192,570. This trade 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. In the last three months, insiders have sold 80,441 shares of company stock valued at $27,614,296. Corporate insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LRCX. Needham & Company LLC reiterated a "buy" rating and set a $390.00 price target on shares of Lam Research in a research report on Thursday, July 30th. Morgan Stanley reduced their price objective on shares of Lam Research from $404.00 to $367.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. TD Cowen restated a "buy" rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Finally, Sanford C. Bernstein raised their price target on Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average price target of $358.47.

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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