Proficio Capital Partners LLC Acquires 7,555 Shares of Lam Research Corporation $LRCX

Proficio Capital Partners LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 24.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,496 shares of the semiconductor company's stock after buying an additional 7,555 shares during the quarter. Proficio Capital Partners LLC's holdings in Lam Research were worth $16,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. World Equity Group Inc. increased its position in Lam Research by 0.5% in the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company's stock valued at $2,416,000 after buying an additional 29 shares in the last quarter. Tenzing Financial LLC grew its stake in Lam Research by 3.5% in the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company's stock valued at $441,000 after acquiring an additional 34 shares during the period. Gibraltar Capital Management Inc. grew its stake in Lam Research by 3.6% in the second quarter. Gibraltar Capital Management Inc. now owns 1,050 shares of the semiconductor company's stock valued at $455,000 after acquiring an additional 36 shares during the period. Elevated Financial Group LLC increased its holdings in shares of Lam Research by 3.0% during the second quarter. Elevated Financial Group LLC now owns 1,223 shares of the semiconductor company's stock valued at $530,000 after acquiring an additional 36 shares in the last quarter. Finally, Yoder Wealth Management Inc. raised its position in shares of Lam Research by 3.3% during the second quarter. Yoder Wealth Management Inc. now owns 1,129 shares of the semiconductor company's stock worth $489,000 after purchasing an additional 36 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LRCX. Zacks Research raised shares of Lam Research from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 17th. Stifel Nicolaus upped their price objective on shares of Lam Research from $325.00 to $425.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Jefferies Financial Group set a $335.00 price objective on shares of Lam Research and gave the company a "buy" rating in a report on Thursday, July 30th. Weiss Ratings raised shares of Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Finally, Seaport Research Partners assumed coverage on shares of Lam Research in a report on Monday, May 4th. They issued a "buy" rating and a $300.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $357.31.

Lam Research Stock Performance

NASDAQ LRCX opened at $312.88 on Thursday. The company has a fifty day moving average price of $333.58 and a 200-day moving average price of $288.43. The firm has a market cap of $391.51 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 1.25 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. Lam Research Corporation has a 1 year low of $94.11 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.Lam Research's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities research analysts predict that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Eric Brandt sold 54,500 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director directly owned 199,205 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the 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 completion of the sale, the director owned 87,142 shares in the company, valued at $29,192,570. This 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. Insiders sold 80,441 shares of company stock worth $27,614,296 over the last quarter. 0.31% of the stock is currently owned by company insiders.

Lam Research News Summary

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: AI-focused R&D expansion: Lam Research broke ground on a 120,000-square-foot laboratory in Tualatin, Oregon, as part of a planned investment of more than $3 billion in its global lab network over the next five years. The facility is intended to support collaboration with chipmakers and accelerate equipment innovations for advanced AI semiconductors. Lam Research Oregon lab announcement
• Positive Sentiment: Strong AI demand outlook: CEO Tim Archer said increasingly complex AI models require more computing power, bandwidth and storage, creating demand for semiconductor innovation. The investment reinforces Lam’s positioning as a supplier to the AI infrastructure buildout. Lam Research AI investment video
• Positive Sentiment: Favorable analyst and fundamentals commentary: Zacks highlighted AI-driven growth, recurring services revenue, earnings momentum and Lam’s balance sheet, while Mizuho maintained an “outperform” rating despite trimming its price target to $365 from $370. Lam’s latest reported quarter also showed 30% year-over-year revenue growth and an earnings beat.
• Neutral Sentiment: Investor outreach scheduled: CFO Doug Bettinger will participate in upcoming investor conferences. The events could provide updates on demand, AI exposure and the Oregon investment, but no new financial guidance was announced. Lam Research conference announcement
• Negative Sentiment: Investment and valuation concerns: The multibillion-dollar R&D expansion will raise near-term capital and operating costs, while the stock’s high earnings multiple leaves less room for disappointment. The modest analyst price-target reduction may also have limited enthusiasm.

Lam Research 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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