Mizuho Markets Americas LLC Sells 24,129 Shares of Lam Research Corporation $LRCX

Mizuho Markets Americas LLC lessened its stake in Lam Research Corporation (NASDAQ:LRCX) by 17.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,532 shares of the semiconductor company’s stock after selling 24,129 shares during the period. Mizuho Markets Americas LLC’s holdings in Lam Research were worth $48,330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fideuram Asset Management Ireland dac purchased a new position in Lam Research during the 4th quarter valued at about $10,035,000. Rokos Capital Management LLP lifted its holdings in Lam Research by 42.0% during the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock worth $55,532,000 after buying an additional 76,840 shares during the period. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in Lam Research during the 1st quarter valued at $59,973,000. Krilogy Financial LLC boosted its position 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 acquiring an additional 4,584 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Lam Research in the 1st quarter valued at $26,489,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Raymond James Financial set a $425.00 price target on Lam Research in a research report on Wednesday, June 10th. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. New Street Research lifted their target price on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. B. Riley Financial reduced their target price on shares of Lam Research from $385.00 to $350.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Cantor Fitzgerald set a $500.00 price target on shares of Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. 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 company’s stock. According to data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $358.47.

Lam Research Price Performance

Shares of LRCX stock opened at $314.00 on Monday. Lam Research Corporation has a 1-year low of $94.11 and a 1-year high of $438.50. The stock’s fifty day moving average price is $337.47 and its 200 day moving average price is $286.43. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The company has a market cap of $392.91 billion, a price-to-earnings ratio of 54.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last released its quarterly 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. The company had revenue of $6.72 billion during 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 firm’s revenue was up 30.0% compared to the same quarter last year. During the same period last year, the business posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Eric Brandt sold 54,500 shares of the 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 completion of 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 position. The sale 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, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction that occurred on Monday, July 13th. The stock was 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 of the company’s stock, valued at $29,192,570. This trade represents a 17.34% 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 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

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.