Trust Co. of Vermont Buys Shares of 20,494 Lam Research Corporation $LRCX

Key Points

• Trust Co. of Vermont purchased 20,494 Lam Research shares worth approximately $8.9 million, while institutional investors collectively own 84.61% of the stock.
• Lam Research insiders sold 80,441 shares valued at about $27.6 million over the past quarter through pre-arranged trading plans; insiders own just 0.31% of the company.
• The company exceeded quarterly earnings and revenue expectations, reporting $1.82 EPS and $6.72 billion in revenue, up 30% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $358.47.

Trust Co. of Vermont purchased a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,494 shares of the semiconductor company's stock, valued at approximately $8,881,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Plato Investment Management Ltd purchased a new stake in shares of Lam Research during the second quarter valued at $16,922,000. Bank of New York Mellon Corp purchased a new position in Lam Research in the 2nd quarter worth about $3,777,585,000. Stoneridge Investment Partners LLC purchased a new position in Lam Research in the 2nd quarter worth about $2,277,000. Laraway Financial Advisors Inc bought a new position in Lam Research during the 2nd quarter valued at about $3,423,000. Finally, Clarus Group Inc. bought a new position in Lam Research during the 2nd quarter valued at about $243,000. 84.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction dated 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 completion of the transaction, the director owned 87,142 shares of the company's stock, valued at $29,192,570. This represents a 17.34% decrease in their position. The transaction was disclosed in a document filed 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, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares of the company's stock, valued at $18,102,312. This represents a 11.58% 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. Over the last quarter, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by insiders.

Lam Research Stock Performance

Shares of LRCX opened at $310.17 on Tuesday. The business has a 50-day simple moving average of $335.90 and a two-hundred day simple moving average of $286.99. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a 52 week low of $94.11 and a 52 week high of $438.50. The stock has a market cap of $388.12 billion, a price-to-earnings ratio of 53.85, a PEG ratio of 1.25 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The firm had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business's quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts expect that Lam Research Corporation will post 9.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LRCX shares. Wells Fargo & Company reissued an "overweight" rating and set a $350.00 price objective (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. Mizuho boosted their target price on shares of Lam Research from $380.00 to $400.00 and gave the company an "outperform" rating in a research note on Thursday, July 9th. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the stock an "overweight" rating in a research note on Monday, June 29th. Rothschild & Co Redburn lifted their price objective on Lam Research from $305.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 17th. Finally, B. Riley Financial lowered their target price on Lam Research from $385.00 to $350.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. One equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $358.47.

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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