Lam Research Corporation $LRCX Shares Bought by E Fund Management Hong Kong Co. Ltd.

Key Points

• E Fund Management Hong Kong more than doubled its Lam Research stake in the second quarter, adding 5,659 shares to own 11,311 shares valued at approximately $4.9 million. Institutional investors collectively hold 84.61% of LRCX.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $358.47. Recent target changes ranged from $260 to $375.
• Lam Research exceeded quarterly expectations, reporting $1.82 in EPS and $6.72 billion in revenue, with revenue up 30% year over year. However, insiders sold 80,441 shares worth roughly $27.6 million over the past 90 days.

E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 100.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,311 shares of the semiconductor company's stock after acquiring an additional 5,659 shares during the quarter. Lam Research comprises approximately 1.6% of E Fund Management Hong Kong Co. Ltd.'s holdings, making the stock its 14th biggest holding. E Fund Management Hong Kong Co. Ltd.'s holdings in Lam Research were worth $4,901,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC raised its position in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 85 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research in the first quarter valued at about $26,000. Hughes Financial Services LLC grew its stake in shares of Lam Research by 54.9% in the second quarter. Hughes Financial Services LLC now owns 141 shares of the semiconductor company's stock valued at $61,000 after buying an additional 50 shares in the last quarter. Bayban purchased a new stake in shares of Lam Research during the 4th quarter valued at about $26,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in Lam Research during the 4th quarter worth approximately $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LRCX has been the subject of a number of analyst reports. UBS Group restated a "buy" rating and issued a $375.00 price target (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Morgan Stanley reduced their target price on shares of Lam Research from $404.00 to $367.00 and set an "overweight" rating on the stock in a research report on Thursday, July 30th. Evercore restated an "outperform" rating and issued a $355.00 target price on shares of Lam Research in a research note on Monday, July 20th. Sanford C. Bernstein raised their price target on shares of Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. Finally, BNP Paribas Exane lifted their price target on shares of Lam Research from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, April 23rd. One investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $358.47.

Lam Research Stock Up 1.1%

LRCX stock opened at $310.53 on Friday. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The firm has a 50 day simple moving average of $338.53 and a 200-day simple moving average of $285.89. The company has a market capitalization of $388.57 billion, a P/E ratio of 53.91, a PEG ratio of 1.22 and a beta of 1.84. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results 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. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the prior year, the company posted $1.33 earnings per share. The firm's quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities research analysts predict that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Insider Activity

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the company's stock in a transaction that occurred 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 in the company, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available 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 that occurred on 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 transaction, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is currently owned by corporate insiders.

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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