Royal Fund Management LLC Takes $21.44 Million Position in Lam Research Corporation $LRCX

Royal Fund Management LLC acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 49,479 shares of the semiconductor company's stock, valued at approximately $21,441,000. Lam Research makes up 1.8% of Royal Fund Management LLC's investment portfolio, making the stock its 8th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bayban bought a new stake in shares of Lam Research during the 4th quarter worth about $26,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research in the 1st quarter worth approximately $26,000. Cedar Mountain Advisors LLC boosted its holdings in shares of Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 85 shares in the last quarter. Mcguire Capital Advisors Inc. bought a new position in shares of Lam Research in the fourth quarter valued at approximately $27,000. Finally, Triumph Capital Management acquired a new position in shares of Lam Research during the third quarter valued at approximately $27,000. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LRCX. Needham & Company LLC reissued a "buy" rating and set a $390.00 target price on shares of Lam Research in a report on Thursday, July 30th. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the company an "overweight" rating in a research report on Monday, June 29th. UBS Group reissued a "buy" rating and issued a $375.00 price objective (up from $310.00) on shares of Lam Research in a research note on Tuesday, June 9th. The Goldman Sachs Group restated a "buy" rating and issued a $290.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $320.00 target price on shares of Lam Research in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $358.47.

Insider Buying and Selling at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business's stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares of the company's stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $327.92 on Wednesday. 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 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. The stock has a fifty day moving average of $339.86 and a 200-day moving average of $284.93. Lam Research Corporation has a one year low of $94.11 and a one year high of $438.50.

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

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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