Lam Research Corporation $LRCX is Vest Financial LLC’s 2nd Largest Position

Vest Financial LLC reduced its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 18.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 384,415 shares of the semiconductor company’s stock after selling 88,001 shares during the period. Lam Research comprises approximately 1.7% of Vest Financial LLC’s portfolio, making the stock its 2nd biggest holding. Vest Financial LLC’s holdings in Lam Research were worth $166,579,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Tower View Wealth Management LLC lifted its holdings in shares of Lam Research by 1.6% in the 2nd quarter. Tower View Wealth Management LLC now owns 7,284 shares of the semiconductor company’s stock worth $3,156,000 after acquiring an additional 114 shares during the last quarter. Martin Capital Advisors LLP boosted its stake in shares of Lam Research by 0.3% in the 2nd quarter. Martin Capital Advisors LLP now owns 27,285 shares of the semiconductor company’s stock valued at $11,823,000 after purchasing an additional 77 shares in the last quarter. Vanguard Capital Wealth Advisors bought a new position in shares of Lam Research during the 2nd quarter valued at $693,000. Total Clarity Wealth Management Inc. bought a new position in shares of Lam Research during the 2nd quarter valued at $608,000. Finally, Sivia Capital Partners LLC raised its position in Lam Research by 123.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,964 shares of the semiconductor company’s stock worth $1,284,000 after purchasing an additional 1,635 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Performance

NASDAQ:LRCX opened at $314.00 on Monday. The firm has a market capitalization of $392.91 billion, a P/E ratio of 54.51, a P/E/G ratio of 1.25 and a beta of 1.84. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average of $337.47 and a 200 day moving average of $286.43. Lam Research Corporation has a 52 week low of $94.11 and a 52 week high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) 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 business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm earned $1.33 EPS. The company’s revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts predict that Lam Research Corporation will post 9.32 earnings per share for the current year.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was 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 of the company’s stock, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 firm’s stock in a transaction dated 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 completion of the sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% 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. Over the last ninety days, insiders sold 80,441 shares of company stock worth $27,614,296. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the subject of several recent research reports. Raymond James Financial set a $425.00 price target on shares of Lam Research in a research note on Wednesday, June 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $390.00 price objective on shares of Lam Research in a research note on Thursday, July 30th. Oppenheimer reiterated an “outperform” rating and issued a $400.00 price objective (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. Jefferies Financial Group set a $335.00 target price on Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Bank of America increased their target price on Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One equities 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.