Oak Ridge Investments LLC Takes $32.53 Million Position in Lam Research Corporation $LRCX

Oak Ridge Investments LLC bought 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 Securities and Exchange Commission. The firm bought 75,060 shares of the semiconductor company’s stock, valued at approximately $32,526,000. Lam Research comprises approximately 1.8% of Oak Ridge Investments LLC’s holdings, making the stock its 12th biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Narwhal Capital Management bought a new stake in shares of Lam Research during the second quarter worth approximately $217,000. EdgeRock Capital LLC increased its stake in shares of Lam Research by 33.3% during the second quarter. EdgeRock Capital LLC now owns 1,798 shares of the semiconductor company’s stock worth $779,000 after purchasing an additional 449 shares during the period. James Investment Research Inc. increased its stake in shares of Lam Research by 3.6% during the second quarter. James Investment Research Inc. now owns 3,629 shares of the semiconductor company’s stock worth $1,573,000 after purchasing an additional 125 shares during the period. Legacy Advisors LLC lifted its holdings in Lam Research by 5.8% during the 2nd quarter. Legacy Advisors LLC now owns 6,257 shares of the semiconductor company’s stock worth $2,713,000 after purchasing an additional 341 shares during the last quarter. Finally, Greenwood Gearhart LLC acquired a new stake in Lam Research during the 2nd quarter worth approximately $347,000. Institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of the company’s 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 completion of the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 stock in a transaction that occurred 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 completion of the transaction, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. 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 90 days, insiders sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LRCX. Citigroup reaffirmed a “buy” rating and issued a $450.00 price objective (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Oppenheimer reissued an “outperform” rating and issued a $400.00 target price (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. Cantor Fitzgerald set a $500.00 price target on shares of Lam Research and gave the company an “overweight” rating in a research note on Monday, June 29th. Barclays reaffirmed an “overweight” rating and set a $335.00 price target (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. Finally, HSBC reissued a “hold” rating and issued a $333.00 price objective on shares of Lam Research in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $358.47.

Lam Research Trading Down 1.2%

Shares of LRCX stock opened at $310.17 on Tuesday. Lam Research Corporation has a fifty-two week low of $94.11 and a fifty-two week high of $438.50. The stock’s fifty day moving average price is $335.90 and its two-hundred day moving average price is $286.99. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The company has a market cap of $388.12 billion, a PE ratio of 53.85, a P/E/G ratio of 1.25 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. The business had revenue of $6.72 billion during 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%.Lam Research’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities analysts predict that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research 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.