Lam Research Corporation $LRCX Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC decreased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 5.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,346 shares of the semiconductor company’s stock after selling 4,199 shares during the quarter. Lam Research accounts for approximately 1.8% of Naples Global Advisors LLC’s holdings, making the stock its 11th largest position. Naples Global Advisors LLC’s holdings in Lam Research were worth $29,199,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LRCX. Vanguard Capital Wealth Advisors bought a new stake in shares of Lam Research during the second quarter valued at about $693,000. Total Clarity Wealth Management Inc. acquired a new position in Lam Research during the 2nd quarter valued at about $608,000. Sivia Capital Partners LLC raised its position in shares of Lam Research by 123.0% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,964 shares of the semiconductor company’s stock worth $1,284,000 after buying an additional 1,635 shares in the last quarter. Malaga Cove Capital LLC acquired a new stake in shares of Lam Research in the 2nd quarter worth approximately $383,000. Finally, Signaturefd LLC boosted its holdings in shares of Lam Research by 4.4% in the second quarter. Signaturefd LLC now owns 33,401 shares of the semiconductor company’s stock valued at $14,473,000 after acquiring an additional 1,413 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRCX has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a research report on Sunday, May 10th. Seaport Research Partners began coverage on Lam Research in a research note on Monday, May 4th. They issued a “buy” rating and a $300.00 price objective on the stock. Raymond James Financial set a $425.00 price objective on Lam Research in a report on Wednesday, June 10th. Finally, Morgan Stanley lowered 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $358.47.

Insiders Place Their Bets

In other news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This represents a 11.58% 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 have sold 80,441 shares of company stock worth $27,614,296. Company insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $314.00 on Monday. Lam Research Corporation has a one year low of $94.11 and a one year high of $438.50. The stock has a fifty day moving average of $337.47 and a 200-day moving average of $286.43. The company has a market capitalization of $392.91 billion, a PE ratio of 54.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

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

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.