Lam Research Corporation $LRCX Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. raised its stake in Lam Research Corporation (NASDAQ:LRCX) by 91.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,729 shares of the semiconductor company’s stock after acquiring an additional 1,786 shares during the period. Confluence Wealth Services Inc.’s holdings in Lam Research were worth $1,616,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bayban purchased a new position in Lam Research during the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. purchased a new position in Lam Research during the 1st quarter worth $26,000. Cedar Mountain Advisors LLC increased its stake in 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 purchasing an additional 85 shares during the period. Mcguire Capital Advisors Inc. acquired a new position in Lam Research in the fourth quarter valued at $27,000. Finally, Triumph Capital Management purchased a new stake in shares of Lam Research in the third quarter valued at about $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. The sale was disclosed in a document filed 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 Abhijit Y. Talwalkar sold 18,282 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade 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. Insiders have sold 80,441 shares of company stock valued at $27,614,296 over the last quarter. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

LRCX stock opened at $314.00 on Friday. The company has a market capitalization of $392.91 billion, a PE ratio of 54.51, a P/E/G ratio of 1.23 and a beta of 1.84. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average is $337.47 and its two-hundred day moving average is $286.09. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on LRCX. Bank of America upped their price objective on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. B. Riley Financial cut their price target on shares of Lam Research from $385.00 to $350.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Sanford C. Bernstein lifted their price objective on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Evercore reiterated an “outperform” rating and set a $355.00 target price on shares of Lam Research in a research report on Monday, July 20th. Finally, Wall Street Zen downgraded Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.