Requisite Capital Management LLC lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 60.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,255 shares of the semiconductor company’s stock after selling 1,888 shares during the period. Requisite Capital Management LLC’s holdings in Lam Research were worth $215,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of LRCX. Brighton Jones LLC boosted its stake in shares of 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 purchasing an additional 12,936 shares during the period. Caxton Associates LLP purchased a new stake in Lam Research in the 1st quarter worth about $239,000. Gabelli Funds LLC bought a new stake in Lam Research in the second quarter worth about $253,000. NewEdge Advisors LLC lifted its stake in Lam Research by 2.7% in the second 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% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after buying an additional 781 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.
Lam Research Price Performance
Shares of NASDAQ:LRCX opened at $284.72 on Monday. The business’s 50 day moving average is $246.23 and its 200 day moving average is $211.11. The stock has a market cap of $356.06 billion, a P/E ratio of 53.72, a price-to-earnings-growth ratio of 2.36 and a beta of 1.81. Lam Research Corporation has a 52-week low of $79.49 and a 52-week high of $302.00. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.
Analyst Ratings Changes
A number of research analysts have recently commented on LRCX shares. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Susquehanna boosted their price objective on Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a report on Thursday, April 23rd. B. Riley Financial upped their price objective on Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Wells Fargo & Company increased their target price on Lam Research from $290.00 to $320.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Rothschild & Co Redburn lifted their target price on Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $291.75.
Get Our Latest Research Report on Lam Research
More Lam Research News
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Lam Research is benefiting from AI-driven demand for semiconductor manufacturing equipment, with reports citing record quarterly revenue and EPS, along with expanding margins. Lam Research Rides AI Boom With Record Results And Margin Expansion
- Positive Sentiment: Management reportedly lifted its outlook for wafer fabrication equipment spending and advanced packaging revenue, reinforcing expectations for continued growth tied to AI infrastructure. Why Lam Research (LRCX) Is Levered to AI-Driven Wafer Fab and Packaging Spending
- Positive Sentiment: Wall Street sentiment remains constructive, with multiple reports pointing to bullish analyst views and higher price targets after the company topped estimates and reached record stock levels. Lam Research (LRCX) Stock Surges Past $300 Milestone as Wall Street Boosts Price Targets
- Neutral Sentiment: Several articles focused on Lam Research’s long-term investment appeal and why investors favor the stock, which adds to the positive narrative but does not appear to introduce new catalysts. If You Invested $1000 in Lam Research a Decade Ago, This is How Much It’d Be Worth Now
- Neutral Sentiment: Conference-participation news may keep Lam Research visible to investors, but it is not likely to move the stock on its own. Lam Research Corporation Announces Participation at Upcoming Conferences
Insider Activity at Lam Research
In related news, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This represents a 10.15% 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. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 120,066 shares of company stock worth $27,953,242 over the last three months. 0.31% of the stock is owned by corporate insiders.
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.
Read More
- Five stocks we like better than Lam Research
- Robinhood, SoFi, and Webull Are Telling Very Different Stories
- As Broadcom Eclipses $2 Trillion, Private Credit Giants Wants In
- Target the Red-Hot Spin-Off and Merger Space With These ETFs
- Samsung Joins the $1 Trillion Club as AI Memory Demand Explodes
Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX – Free Report).
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.
