Nations Financial Group Inc. IA ADV Purchases 7,651 Shares of Lam Research Corporation $LRCX

Key Points

• Nations Financial Group increased its Lam Research stake by 63.8% in the second quarter, purchasing 7,651 additional shares for a total holding of 19,644 shares valued at approximately $8.5 million. Institutional investors own 84.61% of the company.
• Lam Research exceeded quarterly expectations, reporting $1.82 in EPS and $6.72 billion in revenue, with revenue rising 30% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $358.47.
• Insiders have sold 80,441 shares worth roughly $27.6 million over the past 90 days, including major sales by a director and a senior vice president under pre-arranged Rule 10b5-1 plans.

Nations Financial Group Inc. IA ADV lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 63.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,644 shares of the semiconductor company's stock after purchasing an additional 7,651 shares during the quarter. Nations Financial Group Inc. IA ADV's holdings in Lam Research were worth $8,513,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Bayban acquired a new stake in Lam Research during the fourth quarter worth $26,000. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research in the 1st quarter valued at $26,000. Cedar Mountain Advisors LLC raised its stake 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 valued at $26,000 after buying an additional 85 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Lam Research during the 4th quarter worth about $27,000. Finally, Triumph Capital Management bought a new position in shares of Lam Research during the 3rd quarter worth about $27,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Up 1.1%

LRCX opened at $314.00 on Friday. The firm has a market cap of $392.91 billion, a price-to-earnings ratio of 54.51, a PEG ratio of 1.23 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. The firm's 50-day simple moving average is $337.47 and its 200-day simple moving average is $286.09. 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 announced 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. The firm had revenue of $6.72 billion during 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%. The firm's quarterly revenue was up 30.0% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities research analysts anticipate that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. UBS Group reissued a "buy" rating and issued a $375.00 target price (up from $310.00) on shares of Lam Research in a research note on Tuesday, June 9th. Rothschild & Co Redburn raised their price target on shares of Lam Research from $305.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 17th. Seaport Research Partners started coverage on Lam Research in a report on Monday, May 4th. They set a "buy" rating and a $300.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $390.00 price objective on shares of Lam Research in a research note on Thursday, July 30th. Finally, Bank of America upped their price objective on Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $358.47.

Insider Transactions at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the business'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 of the company's stock, valued at $69,881,114. The trade was a 21.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This trade represents a 11.58% 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. Over the last 90 days, 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

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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