4,200 Shares in Lam Research Corporation $LRCX Bought by Monetta Financial Services Inc.

Monetta Financial Services Inc. bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to its most recent filing with the SEC. The fund bought 4,200 shares of the semiconductor company’s stock, valued at approximately $1,820,000. Lam Research accounts for 1.2% of Monetta Financial Services Inc.’s investment portfolio, making the stock its 22nd largest holding.

Several other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position 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 valued at $1,025,000 after buying an additional 12,936 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Lam Research in the first quarter valued at approximately $239,000. Gabelli Funds LLC purchased a new stake in shares of Lam Research in the second quarter worth $253,000. NewEdge Advisors LLC raised its holdings in shares of Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its stake in Lam Research by 5,206.7% in the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the subject of several research analyst reports. Mizuho lifted their price target on Lam Research from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Thursday, July 9th. Weiss Ratings raised shares of Lam Research from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday. Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the stock an “overweight” rating in a research report on Monday, June 29th. Sanford C. Bernstein lifted their target price on shares of Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Finally, Stifel Nicolaus lifted their price target on Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $358.47.

Insider Activity at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the 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 transaction, the director owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the transaction, the director owned 87,142 shares in the company, valued at $29,192,570. This trade represents a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is owned by insiders.

Lam Research Stock Performance

Shares of LRCX opened at $310.17 on Tuesday. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50. The business’s fifty day simple moving average is $335.90 and its two-hundred day simple moving average is $286.99. The company has a market cap of $388.12 billion, a price-to-earnings ratio of 53.85, a P/E/G ratio of 1.25 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 issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. Lam Research’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. Research analysts anticipate that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

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.