Lam Research Corporation (NASDAQ:LRCX – Get Free Report) Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Lam Research Stock Up 6.2%
NASDAQ:LRCX traded up $22.58 during trading hours on Monday, reaching $389.39. The company had a trading volume of 5,993,984 shares, compared to its average volume of 10,824,539. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a market cap of $486.96 billion, a price-to-earnings ratio of 73.39, a P/E/G ratio of 3.02 and a beta of 1.85. The business’s 50-day simple moving average is $286.10 and its two-hundred day simple moving average is $234.16. Lam Research Corporation has a twelve month low of $87.75 and a twelve month high of $393.07.
Lam Research (NASDAQ:LRCX – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts expect that Lam Research Corporation will post 5.7 earnings per share for the current year.
Lam Research Announces Dividend
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in LRCX. PMV Capital Advisers LLC purchased a new position in Lam Research during the fourth quarter worth about $25,000. Stance Capital LLC purchased a new position in Lam Research during the third quarter worth about $26,000. Bayban purchased a new position in Lam Research during the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. purchased a new position in Lam Research during the first quarter worth about $26,000. Finally, Cedar Mountain Advisors LLC boosted its holdings 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 during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have commented on LRCX. Susquehanna raised their price target on shares of Lam Research from $350.00 to $385.00 and gave the stock a “positive” rating in a report on Thursday, April 23rd. Berenberg Bank upped their price objective on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. Citigroup reiterated a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Finally, Erste Group Bank cut shares of Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $324.26.
Get Our Latest Stock Analysis on LRCX
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.
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