Lam Research Corporation $LRCX Shares Bought by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC grew its position in Lam Research Corporation (NASDAQ:LRCX) by 121.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,785 shares of the semiconductor company’s stock after buying an additional 2,072 shares during the quarter. Wealthedge Investment Advisors LLC’s holdings in Lam Research were worth $1,640,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LRCX. Cedar Mountain Advisors LLC grew its position in Lam Research by 242.9% in the 1st 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. Vermillion Wealth Management Inc. purchased a new stake in Lam Research during the first quarter worth about $26,000. Hughes Financial Services LLC lifted its position in shares of Lam Research by 54.9% during the second quarter. Hughes Financial Services LLC now owns 141 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 50 shares in the last quarter. Bayban acquired a new stake in shares of Lam Research during the fourth quarter worth about $26,000. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of Lam Research in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Up 1.1%

NASDAQ LRCX opened at $310.53 on Friday. 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 capitalization of $388.57 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. The firm has a 50 day moving average of $338.53 and a two-hundred day moving average of $285.89.

Lam Research (NASDAQ:LRCX) last announced 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 business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company’s revenue was up 30.0% on a year-over-year basis. During the same period last year, the business earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, research analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LRCX. Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Barclays reiterated an “overweight” rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Citigroup reiterated a “buy” rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Finally, Mizuho boosted their target price on Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. One equities research 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 stock. According to data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $358.47.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’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 directly owned 87,142 shares in the company, valued at $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The stock was 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 $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. 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 a total of 80,441 shares of company stock worth $27,614,296 over the last ninety days. 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.