Vanguard Capital Wealth Advisors Invests $693,000 in Lam Research Corporation $LRCX

Vanguard Capital Wealth Advisors purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,600 shares of the semiconductor company’s stock, valued at approximately $693,000.

A number of other hedge funds also recently bought and sold shares of LRCX. Total Clarity Wealth Management Inc. purchased a new position in Lam Research during the second quarter worth approximately $608,000. Sivia Capital Partners LLC raised its stake in Lam Research by 123.0% during the second quarter. Sivia Capital Partners LLC now owns 2,964 shares of the semiconductor company’s stock worth $1,284,000 after purchasing an additional 1,635 shares during the period. Malaga Cove Capital LLC acquired a new position in Lam Research in the 2nd quarter valued at about $383,000. Signaturefd LLC boosted its holdings in Lam Research by 4.4% in the 2nd quarter. Signaturefd LLC now owns 33,401 shares of the semiconductor company’s stock valued at $14,473,000 after purchasing an additional 1,413 shares during the last quarter. Finally, Crewe Advisors LLC grew its stake in shares of Lam Research by 34.5% in the 2nd quarter. Crewe Advisors LLC now owns 335 shares of the semiconductor company’s stock valued at $145,000 after buying an additional 86 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $314.00 on Monday. The firm has a market capitalization of $392.91 billion, a PE ratio of 54.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.84. 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’s 50-day moving average is $337.47 and its two-hundred day moving average is $286.43.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts predict that Lam Research Corporation will post 9.32 EPS for the current year.

Insider Buying and Selling at Lam Research

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

Analysts Set New Price Targets

LRCX has been the subject of several analyst reports. Bank of America increased their price objective on Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $320.00 target price on shares of Lam Research in a research report on Thursday, July 30th. Rothschild & Co Redburn upped their target price on shares of Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 17th. HSBC reiterated a “hold” rating and set a $333.00 price target on shares of Lam Research in a research report on Monday, July 27th. Finally, Susquehanna reiterated a “positive” rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus 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.