Duncan Williams Asset Management LLC Acquires New Stake in Lam Research Corporation $LRCX

Duncan Williams Asset Management LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,720 shares of the semiconductor company’s stock, valued at approximately $1,179,000.

A number of other institutional investors and hedge funds have also made changes to their positions in LRCX. Bayban purchased a new stake in Lam Research in the 4th quarter valued at approximately $26,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Lam Research in the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC grew 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 acquiring an additional 85 shares during the period. Mcguire Capital Advisors Inc. purchased a new position in Lam Research in the fourth quarter worth $27,000. Finally, Triumph Capital Management acquired a new stake in Lam Research in the third quarter valued at $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ LRCX opened at $310.53 on Friday. The business’s 50-day moving average price is $338.53 and its 200 day moving average price is $285.89. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50. The company has a market capitalization of $388.57 billion, a PE ratio of 53.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the business earned $1.33 EPS. The firm’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 Buying and Selling

In other Lam Research 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 transaction of $19,118,600.00. Following the transaction, the director 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 SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’s stock in a transaction on 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 sale, the director directly owned 87,142 shares of the company’s stock, valued at $29,192,570. This represents a 17.34% 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. Over the last quarter, insiders sold 80,441 shares of company stock valued at $27,614,296. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Jefferies Financial Group set a $335.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a report on Thursday, July 30th. Royal Bank Of Canada upped their price target on Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Citigroup restated a “buy” rating and set a $450.00 target price (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Mizuho raised their price target on Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley lowered their price target on shares of Lam Research from $404.00 to $367.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $358.47.

About Lam Research

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.