Redhawk Wealth Advisors Inc. Purchases 7,613 Shares of Lam Research Corporation $LRCX

Key Points

• Redhawk Wealth Advisors increased its Lam Research stake by 808.2% in the second quarter, adding 7,613 shares to own 8,555 shares valued at approximately $3.7 million. Institutional investors collectively hold 84.61% of the company.
• Lam Research exceeded quarterly expectations, reporting $1.82 EPS and $6.72 billion in revenue, with revenue up 30% year over year. The company guided for fiscal Q1 2027 EPS of $2.00–$2.30.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $358.47. Recent insider activity was focused on selling, with insiders disposing of 80,441 shares worth about $27.6 million over 90 days.

Redhawk Wealth Advisors Inc. grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 808.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,555 shares of the semiconductor company's stock after buying an additional 7,613 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Lam Research were worth $3,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company's stock valued at $8,024,684,000 after acquiring an additional 265,805 shares during the period. Geode Capital Management LLC grew its position in Lam Research by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company's stock valued at $5,764,117,000 after acquiring an additional 126,613 shares during the last quarter. Invesco Ltd. increased its stake in Lam Research by 7.7% in the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company's stock worth $3,906,559,000 after purchasing an additional 1,638,406 shares during the period. Norges Bank purchased a new stake in Lam Research in the fourth quarter worth $3,645,427,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Lam Research by 352.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company's stock worth $2,344,347,000 after purchasing an additional 10,666,540 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Performance

LRCX stock opened at $306.40 on Tuesday. Lam Research Corporation has a 1-year low of $94.11 and a 1-year high of $438.50. The business has a 50-day moving average price of $339.68 and a 200 day moving average price of $280.63. The company has a market capitalization of $383.17 billion, a P/E ratio of 53.19, 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 (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analysts' expectations 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 in the prior year, the business earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 9.24 EPS for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research's dividend payout ratio (DPR) is currently 18.06%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on LRCX shares. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price target on shares of Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, April 23rd. Berenberg Bank lifted their price objective on shares of Lam Research from $265.00 to $335.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the company an "overweight" rating in a research report on Monday, June 29th. Finally, B. Riley Financial dropped their target price on shares of Lam Research from $385.00 to $350.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. One 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $358.47.

Insider Activity

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the company's stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company's stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, the director owned 87,142 shares of the company's stock, valued at approximately $29,192,570. This represents a 17.34% 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. Over the last ninety days, insiders have sold 80,441 shares of company stock worth $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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