Lam Research Corporation $LRCX Stock Holdings Lifted by E Fund Management Hong Kong Co. Ltd.

E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 100.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,311 shares of the semiconductor company’s stock after buying an additional 5,659 shares during the period. Lam Research accounts for approximately 1.6% of E Fund Management Hong Kong Co. Ltd.’s holdings, making the stock its 14th biggest position. E Fund Management Hong Kong Co. Ltd.’s holdings in Lam Research were worth $4,901,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cedar Mountain Advisors LLC grew its holdings in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. bought a new position in Lam Research during the 1st quarter worth $26,000. Hughes Financial Services LLC grew its stake in Lam Research by 54.9% during the 2nd quarter. Hughes Financial Services LLC now owns 141 shares of the semiconductor company’s stock worth $61,000 after buying an additional 50 shares during the last quarter. Bayban acquired a new stake in Lam Research in the fourth quarter worth $26,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Lam Research in the fourth quarter worth $27,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Neil J. Fernandes sold 7,659 shares of the firm’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 transaction, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the sale, 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. 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 three months, insiders have sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by corporate insiders.

Lam Research Price Performance

Shares of LRCX opened at $310.53 on Friday. Lam Research Corporation has a one year low of $94.11 and a one year high of $438.50. The stock’s fifty day moving average is $338.53 and its 200-day moving average is $285.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The firm has a market capitalization of $388.57 billion, a price-to-earnings ratio of 53.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. 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. Equities analysts anticipate that Lam Research Corporation will post 9.32 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LRCX shares. Raymond James Financial set a $425.00 price target on shares of Lam Research in a report on Wednesday, June 10th. Needham & Company LLC reiterated a “buy” rating and issued a $390.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 7th. Berenberg Bank upped their target price on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. One 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. Based on data from MarketBeat, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus target price of $358.47.

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.