Mirae Asset Global Investments Co. Ltd. Has $645.77 Million Stake in Lam Research Corporation $LRCX

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 18.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,490,242 shares of the semiconductor company’s stock after buying an additional 229,836 shares during the period. Lam Research accounts for about 1.0% of Mirae Asset Global Investments Co. Ltd.’s investment portfolio, making the stock its 17th biggest holding. Mirae Asset Global Investments Co. Ltd.’s holdings in Lam Research were worth $645,767,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LRCX. Brighton Jones LLC grew its holdings in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares during the period. Caxton Associates LLP acquired a new position in shares of Lam Research in the 1st quarter valued at $239,000. Gabelli Funds LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at $253,000. NewEdge Advisors LLC boosted its position in shares of Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. boosted its position in shares of Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 1.1%

NASDAQ:LRCX opened at $310.53 on Friday. The company has a market cap of $388.57 billion, a P/E ratio of 53.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50. The business has a 50 day moving average price of $338.53 and a two-hundred day moving average price of $285.89. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for 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 firm’s revenue was up 30.0% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LRCX shares. Rothschild & Co Redburn upped their price objective on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. BNP Paribas Exane raised their target price on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. HSBC restated a “hold” rating and set a $333.00 target price on shares of Lam Research in a research report on Monday, July 27th. 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. Finally, Jefferies Financial Group set a $335.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $358.47.

Insider Buying and Selling at Lam Research

In other Lam Research 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 sale, the director directly owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their position. The sale was disclosed in a filing 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, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 87,142 shares in the company, valued at $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders own 0.31% of the company’s stock.

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.