Legacy Private Trust Co. boosted its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 489.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,597 shares of the semiconductor company's stock after buying an additional 4,648 shares during the period. Legacy Private Trust Co.'s holdings in Lam Research were worth $2,425,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in LRCX. Cedar Mountain Advisors LLC raised its position in shares of Lam Research by 242.9% in 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 in the last quarter. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research during the first quarter valued at approximately $26,000. Hughes Financial Services LLC grew its stake in Lam Research by 54.9% in the second quarter. Hughes Financial Services LLC now owns 141 shares of the semiconductor company's stock worth $61,000 after purchasing an additional 50 shares during the period. Bayban purchased a new stake in Lam Research in the fourth quarter worth $26,000. Finally, Mcguire Capital Advisors Inc. bought a new position in Lam Research in the fourth quarter worth $27,000. Hedge funds and other institutional investors own 84.61% of the company's stock.
Lam Research Trading Down 6.3%
NASDAQ:LRCX opened at $307.17 on Thursday. The company's 50 day moving average price is $339.57 and its 200-day moving average price is $285.35. 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 market cap of $384.37 billion, a price-to-earnings ratio of 53.33, a PEG ratio of 1.30 and a beta of 1.84.
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 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 company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The firm's quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages have commented on LRCX. Zacks Research raised Lam Research from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. HSBC reaffirmed a "hold" rating and issued a $333.00 target price on shares of Lam Research in a research report on Monday, July 27th. Bank of America lifted their price target on shares of Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Evercore reissued an "outperform" rating and set a $355.00 price objective on shares of Lam Research in a research note on Monday, July 20th. Finally, Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the company a "buy" rating in a research note on Thursday, July 30th. One research 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $358.47.
View Our Latest Stock Report on LRCX
Insiders Place Their Bets
In other news, SVP Neil J. Fernandes sold 7,659 shares of the business's stock in a transaction 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 in the company, valued at $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company's stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 80,441 shares of company stock valued at $27,614,296. Corporate insiders own 0.31% of the company's stock.
Lam Research Company Profile
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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.
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