Lam Research Corporation $LRCX Shares Sold by Phraction Management LLC

Phraction Management LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 28.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,774 shares of the semiconductor company's stock after selling 6,200 shares during the period. Lam Research comprises approximately 1.1% of Phraction Management LLC's investment portfolio, making the stock its 25th largest holding. Phraction Management LLC's holdings in Lam Research were worth $6,835,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LRCX. Cedar Mountain Advisors LLC raised its position in Lam Research by 242.9% during the first 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 period. Vermillion Wealth Management Inc. purchased a new position in Lam Research during the first quarter valued at $26,000. Hughes Financial Services LLC grew its position 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 purchasing an additional 50 shares during the period. Bayban purchased a new stake in shares of Lam Research during the fourth quarter worth about $26,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research during the 4th quarter worth about $27,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Down 4.6%

Shares of LRCX opened at $327.92 on Wednesday. Lam Research Corporation has a 52-week low of $94.11 and a 52-week 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 stock has a fifty day simple moving average of $339.86 and a two-hundred day simple moving average of $284.93. The company has a market capitalization of $410.33 billion, a PE ratio of 56.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.84.

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 analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Lam Research'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. As a group, equities analysts forecast that Lam Research Corporation will post 9.32 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LRCX shares. Jefferies Financial Group set a $335.00 price objective on Lam Research and gave the stock a "buy" rating in a report on Thursday, July 30th. JPMorgan Chase & Co. raised their target price on Lam Research from $300.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday, April 23rd. Needham & Company LLC reaffirmed a "buy" rating and issued a $390.00 price target on shares of Lam Research in a research note on Thursday, July 30th. BNP Paribas Exane boosted their price target on Lam Research from $250.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, April 23rd. Finally, Zacks Research raised Lam Research from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $358.47.

Insider Transactions at Lam Research

In related 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 value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 completion of the transaction, the senior vice president owned 58,470 shares of the company's stock, valued at $18,102,312. The trade was 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 sold 80,441 shares of company stock worth $27,614,296 in the last 90 days. 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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