RDA Financial Network Acquires Shares of 5,461 Lam Research Corporation $LRCX

RDA Financial Network acquired a new position in Lam Research Corporation (NASDAQ:LRCX) in the second quarter, HoldingsChannel.com reports. The fund acquired 5,461 shares of the semiconductor company’s stock, valued at approximately $2,366,000.

Several other hedge funds have also modified their holdings of LRCX. Bayban purchased a new position in shares of Lam Research in the 4th quarter valued at about $26,000. Vermillion Wealth Management Inc. acquired a new position 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 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 in the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Lam Research during the fourth quarter worth approximately $27,000. Finally, Triumph Capital Management acquired a new stake in Lam Research in the third quarter valued at approximately $27,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Lam Research

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction dated 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 approximately $29,192,570. This represents a 17.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction dated 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 completion of the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 80,441 shares of company stock valued at $27,614,296. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $294.61 on Tuesday. 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 Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The firm has a market capitalization of $368.43 billion, a PE ratio of 51.15, a P/E/G ratio of 1.22 and a beta of 1.84. The business’s 50 day moving average price is $340.60 and its 200-day moving average price is $277.43.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities research analysts expect that Lam Research Corporation will post 8.9 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio is 18.06%.

Analyst Ratings Changes

A number of research firms have recently commented on LRCX. B. Riley Financial cut their price objective on Lam Research from $385.00 to $350.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. TD Cowen reissued a “buy” rating and issued a $400.00 price target (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Citigroup restated a “buy” rating and set a $450.00 price objective (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. Finally, Jefferies Financial Group set a $335.00 price objective on shares of Lam Research and gave the company a “buy” rating in a report on Thursday, July 30th. One investment 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $358.47.

Lam Research News Summary

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam Research was added to Zacks’ Rank #1 (Strong Buy) list and its list of top momentum stocks for August 3. These ratings may attract additional buying interest by highlighting improving earnings and price momentum. Best Momentum Stocks to Buy for August 3rd
• Positive Sentiment: Recent coverage emphasized Lam Research’s record fiscal-year performance, including record June-quarter revenue, operating margin and earnings per share. The company’s latest results also exceeded consensus expectations, with revenue growth of 30% year over year and stronger-than-expected earnings, reinforcing the semiconductor-equipment maker’s growth outlook. What a $10,000 Investment in Lam Research 10 Years Ago Would Be Worth Today
• Positive Sentiment: Analyst coverage remains broadly bullish, with Needham reiterating its Buy rating and other analysts identifying LRCX among attractive technology stocks. This supports the view that demand for semiconductor manufacturing equipment remains durable. Lam Research’s Buy Rating Reiterated at Needham
• Neutral Sentiment: Semiconductor-sector coverage noted that some air has come out of the chip-stock rally. Although the article focused on a bearish leveraged ETF rather than LRCX, it signals elevated volatility and the possibility of further rotations within semiconductor stocks. Semiconductor Outlook Bodes Well for This ETF
• Negative Sentiment: B. Riley Financial cut its Lam Research price target to $350, while a separate report cited trading weakness following an analyst downgrade. The actions could weigh on sentiment, particularly given LRCX’s elevated valuation despite its strong growth. B. Riley Cuts Lam Research Price Target

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.