Oak Ridge Investments LLC Takes Position in Lam Research Corporation $LRCX

Oak Ridge Investments LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 75,060 shares of the semiconductor company’s stock, valued at approximately $32,526,000. Lam Research accounts for about 1.8% of Oak Ridge Investments LLC’s holdings, making the stock its 12th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bayban bought a new stake in Lam Research during the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. bought a new position in shares of Lam Research during the first quarter valued at $26,000. Cedar Mountain Advisors LLC lifted its holdings in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in shares of Lam Research in the fourth quarter worth $27,000. Finally, Triumph Capital Management bought a new stake in shares of Lam Research in the third quarter worth $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction 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 transaction, the director owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% decrease in their position. The transaction was disclosed in a legal filing 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, Director Eric Brandt sold 54,500 shares of the 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 transaction, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. This 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 80,441 shares of company stock worth $27,614,296 in the last quarter. Company insiders own 0.31% of the company’s stock.

Lam Research Trading Down 1.2%

NASDAQ LRCX opened at $310.17 on Tuesday. The stock has a market capitalization of $388.12 billion, a P/E ratio of 53.85, a P/E/G ratio of 1.25 and a beta of 1.84. The business has a 50 day simple moving average of $335.90 and a 200 day simple moving average of $286.99. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. 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 results 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 return on equity of 67.60% and a net margin of 31.27%.The company’s revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LRCX shares. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Mizuho upped their price target on Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. New Street Research increased their price target on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. HSBC restated a “hold” rating and set a $333.00 price objective on shares of Lam Research in a research report on Monday, July 27th. Finally, Morgan Stanley reduced their target price on Lam Research from $404.00 to $367.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.