J. M. Brown & Associates Inc. Invests $1.49 Million in Lam Research Corporation $LRCX

J. M. Brown & Associates Inc. bought a new position in Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,429 shares of the semiconductor company’s stock, valued at approximately $1,486,000. Lam Research comprises about 0.9% of J. M. Brown & Associates Inc.’s portfolio, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cedar Mountain Advisors LLC increased its stake in Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in Lam Research during the first quarter valued at about $26,000. Hughes Financial Services LLC lifted its stake in Lam Research by 54.9% during the second quarter. Hughes Financial Services LLC now owns 141 shares of the semiconductor company’s stock valued at $61,000 after buying an additional 50 shares in the last quarter. Bayban acquired a new position in shares of Lam Research in the fourth quarter worth about $26,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Lam Research in the fourth quarter worth about $27,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $314.00 on Friday. The firm has a market cap of $392.91 billion, a price-to-earnings ratio of 54.51, a P/E/G ratio of 1.23 and a beta of 1.84. Lam Research Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $337.47 and a 200 day simple moving average of $286.09.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The firm had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts predict that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Insider Activity at Lam Research

In related news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm’s 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 transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% 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. In the last quarter, insiders sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of recent analyst reports. New Street Research boosted their price target on shares of Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Barclays restated an “overweight” rating and issued a $335.00 price target (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. Bank of America lifted their price objective on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Mizuho boosted their target price on shares of Lam Research from $380.00 to $400.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. One equities 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 stock. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price 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.