Monetta Financial Services Inc. Buys New Holdings in Lam Research Corporation $LRCX

Monetta Financial Services Inc. bought a new position in Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, Holdings Channel.com reports. The fund bought 4,200 shares of the semiconductor company’s stock, valued at approximately $1,820,000. Lam Research makes up approximately 1.2% of Monetta Financial Services Inc.’s holdings, making the stock its 22nd biggest holding.

Other large investors have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac purchased a new stake in Lam Research in the fourth quarter worth $10,035,000. Rokos Capital Management LLP increased its holdings in Lam Research by 42.0% during the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock valued at $55,532,000 after buying an additional 76,840 shares during the period. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Lam Research in the 1st quarter worth $59,973,000. Krilogy Financial LLC lifted its position in shares of Lam Research by 19.5% during the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after buying an additional 4,584 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Lam Research in the first quarter valued at approximately $26,489,000. 84.61% of the stock is owned by institutional investors.

Insider Transactions at Lam Research

In other 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 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 ownership of the stock. 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 Eric Brandt sold 54,500 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, 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 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 quarter, insiders have 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 Trading Down 1.2%

LRCX opened at $310.17 on Tuesday. The business’s 50 day moving average price is $335.90 and its 200 day moving average price is $286.99. 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 stock has a market capitalization of $388.12 billion, a PE ratio of 53.85, a P/E/G ratio of 1.25 and a beta of 1.84. Lam Research Corporation has a one year low of $94.11 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The firm 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%. Lam Research’s 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. As a group, equities research analysts expect that Lam Research Corporation will post 9.32 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on LRCX shares. Stifel Nicolaus raised their price target on Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Barclays reiterated an “overweight” rating and set a $335.00 price objective (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Morgan Stanley dropped their price target on shares of Lam Research from $404.00 to $367.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. UBS Group restated a “buy” rating and issued a $375.00 price objective (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Finally, Seaport Research Partners began coverage on shares of Lam Research in a research report on Monday, May 4th. They set a “buy” rating and a $300.00 price target for the company. One 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $358.47.

Lam Research 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.