Lam Research Corporation $LRCX Holdings Boosted by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,116 shares of the semiconductor company’s stock after purchasing an additional 2,746 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Lam Research were worth $78,050,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Bayban purchased a new position in shares of Lam Research during the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. purchased a new stake in Lam Research in the 1st quarter worth about $26,000. Cedar Mountain Advisors LLC boosted its position in Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 85 shares during the period. Mcguire Capital Advisors Inc. acquired a new stake in Lam Research during the 4th quarter worth about $27,000. Finally, Triumph Capital Management purchased a new position in Lam Research during the 3rd quarter valued at about $27,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction 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 completion of the sale, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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 company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction 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 $18,102,312. This represents a 11.58% 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 a total of 80,441 shares of company stock worth $27,614,296 in the last 90 days. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LRCX shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $320.00 target price on shares of Lam Research in a report on Thursday, July 30th. HSBC reaffirmed a “hold” rating and set a $333.00 price objective on shares of Lam Research in a research report on Monday, July 27th. UBS Group reiterated a “buy” rating and issued a $375.00 price objective (up from $310.00) on shares of Lam Research in a research note on Tuesday, June 9th. Sanford C. Bernstein increased their target price on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $390.00 target price on shares of Lam Research in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.47.

Lam Research Stock Up 1.1%

Shares of Lam Research stock opened at $310.53 on Friday. The firm has a market cap of $388.57 billion, a price-to-earnings ratio of 53.91, a P/E/G ratio of 1.22 and a beta of 1.84. The stock has a 50-day simple moving average of $338.53 and a 200-day simple moving average of $285.89. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50. 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 (NASDAQ:LRCX) last released 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 for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The firm’s 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 research analysts expect that Lam Research Corporation will post 9.32 earnings per share 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.