Plato Investment Management Ltd Purchases Shares of 39,281 Lam Research Corporation $LRCX

Plato Investment Management Ltd acquired a new stake in Lam Research Corporation (NASDAQ:LRCX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 39,281 shares of the semiconductor company’s stock, valued at approximately $16,922,000. Lam Research makes up approximately 1.0% of Plato Investment Management Ltd’s holdings, making the stock its 15th biggest position.

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

Insider Activity

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction that occurred 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 that occurred 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 sale, the director directly owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In 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 insiders.

Lam Research Trading Down 1.2%

Shares of LRCX opened at $310.17 on Tuesday. The stock’s fifty day simple moving average is $335.90 and its 200-day simple moving average is $286.99. The firm has a market capitalization of $388.12 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. Lam Research Corporation has a 12-month low of $94.11 and a 12-month high of $438.50. 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 (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The firm had revenue of $6.72 billion during 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% on a year-over-year basis. During the same period last year, the company earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, research analysts predict that Lam Research Corporation will post 9.32 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on LRCX. Evercore reaffirmed an “outperform” rating and set a $355.00 price objective on shares of Lam Research in a research note on Monday, July 20th. New Street Research boosted their target price on Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Susquehanna restated a “positive” rating and set a $475.00 price target (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Oppenheimer reaffirmed an “outperform” rating and set a $400.00 price target (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. Finally, TD Cowen reissued a “buy” rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $358.47.

About Lam Research

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.