Lam Research Corporation $LRCX Shares Sold by Merit Financial Group LLC

Merit Financial Group LLC trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX) by 32.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 75,266 shares of the semiconductor company’s stock after selling 36,870 shares during the quarter. Merit Financial Group LLC’s holdings in Lam Research were worth $32,615,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in LRCX. SlateStone Wealth LLC purchased a new position in shares of Lam Research during the second quarter worth about $379,000. GFG Capital LLC purchased a new stake in Lam Research during the 2nd quarter valued at approximately $213,000. White Pine Investment CO purchased a new stake in Lam Research during the 2nd quarter valued at approximately $208,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in Lam Research during the 2nd quarter worth approximately $231,000. Finally, Palisade Asset Management LLC purchased a new position in shares of Lam Research in the 2nd quarter valued at approximately $219,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’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 directly owned 87,142 shares of the company’s stock, valued at $29,192,570. This represents a 17.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares of the company’s stock, valued at $18,102,312. This represents a 11.58% decrease in their position. 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 ninety days, insiders have sold 80,441 shares of company stock worth $27,614,296. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Down 4.6%

LRCX opened at $327.92 on Wednesday. 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 12 month low of $94.11 and a 12 month high of $438.50. The stock has a market capitalization of $410.33 billion, a P/E ratio of 56.93, a P/E/G ratio of 1.32 and a beta of 1.84. The business has a 50 day simple moving average of $339.86 and a 200-day simple moving average of $284.93.

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, topping analysts’ consensus estimates 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%.Lam Research’s quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LRCX shares. Stifel Nicolaus boosted their target price on Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a report on Friday, July 10th. Sanford C. Bernstein lifted their price objective on shares of Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wall Street Zen cut shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Mizuho upped their price objective on shares of Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Oppenheimer restated an “outperform” rating and issued a $400.00 target price (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and a consensus price target 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.