Redhawk Wealth Advisors Inc. Purchases 7,613 Shares of Lam Research Corporation $LRCX

Redhawk Wealth Advisors Inc. raised its position in shares of Lam Research Corporation (NASDAQ:LRCXFree Report) by 808.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,555 shares of the semiconductor company’s stock after buying an additional 7,613 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Lam Research were worth $3,707,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LRCX. Cedar Mountain Advisors LLC raised its stake in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 85 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new stake in Lam Research during the first quarter valued at approximately $26,000. Bayban acquired a new stake in Lam Research in the fourth quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. acquired a new stake in Lam Research in the fourth quarter valued at approximately $27,000. Finally, Core Wealth Advisors LLC purchased a new position in Lam Research in the fourth quarter worth $29,000. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 17th. Berenberg Bank raised their price objective on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Susquehanna restated a “positive” rating and set a $475.00 target price (up from $385.00) on shares of Lam Research in a research note on Tuesday, June 30th. UBS Group reaffirmed a “buy” rating and set a $375.00 target price (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Finally, Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the company an “overweight” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $358.47.

Check Out Our Latest Research Report on Lam Research

Insider Buying and Selling

In related news, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at approximately $69,881,114. This represents a 21.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. This 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. In the last quarter, insiders have sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by company insiders.

Lam Research Stock Performance

Shares of LRCX stock opened at $306.40 on Tuesday. The business has a fifty day moving average of $339.68 and a 200 day moving average of $280.63. Lam Research Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The firm has a market capitalization of $383.17 billion, a price-to-earnings ratio of 53.19, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84.

Lam Research (NASDAQ:LRCXGet Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.13. The business had revenue of $6.72 billion for 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 company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, research analysts expect that Lam Research Corporation will post 9.24 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s dividend payout ratio is currently 18.06%.

Lam Research Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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