Exchange Traded Concepts LLC Acquires 79,850 Shares of Lam Research Corporation $LRCX

Exchange Traded Concepts LLC increased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 59.3% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 214,465 shares of the semiconductor company’s stock after purchasing an additional 79,850 shares during the period. Lam Research comprises about 0.4% of Exchange Traded Concepts LLC’s portfolio, making the stock its 27th largest holding. Exchange Traded Concepts LLC’s holdings in Lam Research were worth $92,934,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bayban purchased a new stake in Lam Research during the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. purchased a new position in Lam Research in the first quarter worth about $26,000. Cedar Mountain Advisors LLC boosted its position in Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. Mcguire Capital Advisors Inc. bought a new stake in shares of Lam Research during the 4th quarter valued at about $27,000. Finally, Triumph Capital Management bought a new stake in shares of Lam Research during the 3rd quarter valued at about $27,000. Institutional investors own 84.61% of the company’s stock.

Insiders Place Their Bets

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were 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 represents a 17.34% 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 on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. 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. Over the last ninety days, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by corporate insiders.

Lam Research Trading Up 1.1%

Shares of LRCX stock opened at $314.00 on Friday. The company has a market cap of $392.91 billion, a PE ratio of 54.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.84. Lam Research Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The stock’s 50 day simple moving average is $337.47 and its two-hundred day simple moving average is $286.09. 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 posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the company posted $1.33 EPS. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts predict that Lam Research Corporation will post 9.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LRCX shares. Zacks Research raised shares of Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. New Street Research raised their target price on Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $320.00 target price on shares of Lam Research in a research report on Thursday, July 30th. Needham & Company LLC restated a “buy” rating and issued a $390.00 price target on shares of Lam Research in a research report on Thursday, July 30th. Finally, Jefferies Financial Group set a $335.00 price target on Lam Research and gave the stock a “buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $358.47.

Lam Research Company 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.