Spartan Planning & Wealth Management Takes $1.03 Million Position in Lam Research Corporation $LRCX

Spartan Planning & Wealth Management purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,387 shares of the semiconductor company’s stock, valued at approximately $1,034,000. Lam Research makes up 0.7% of Spartan Planning & Wealth Management’s investment portfolio, making the stock its 27th biggest position.

A number of other hedge funds also recently bought and sold shares of LRCX. State Street Corp increased its holdings in shares of Lam Research by 0.4% in the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock valued at $8,024,684,000 after purchasing an additional 265,805 shares during the last quarter. Geode Capital Management LLC raised its stake in Lam Research by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock worth $5,764,117,000 after purchasing an additional 126,613 shares during the period. Invesco Ltd. boosted its holdings in Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after purchasing an additional 1,638,406 shares during the last quarter. Norges Bank purchased a new stake in shares of Lam Research in the 4th quarter valued at approximately $3,645,427,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Lam Research by 352.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock valued at $2,344,347,000 after buying an additional 10,666,540 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Up 1.1%

NASDAQ:LRCX opened at $310.53 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $338.53 and its two-hundred day moving average is $285.89. Lam Research Corporation has a 52 week low of $94.11 and a 52 week high of $438.50. The stock has a market capitalization of $388.57 billion, a price-to-earnings ratio of 53.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations 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 last year, the business posted $1.33 EPS. 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 EPS for the current year.

Insiders Place Their Bets

In other news, Director Eric Brandt sold 54,500 shares of the company’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 sale, 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 Lam Research stock in a transaction 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 approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. 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 have sold a total of 80,441 shares of company stock worth $27,614,296 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on LRCX shares. Rothschild & Co Redburn lifted their price target 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. Wells Fargo & Company reiterated an “overweight” rating and issued a $350.00 price objective (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. HSBC reissued a “hold” rating and set a $333.00 target price on shares of Lam Research in a research note on Monday, July 27th. 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. Finally, Jefferies Financial Group set a $335.00 price target on Lam Research and gave the stock a “buy” rating in a report on Thursday, July 30th. 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 company’s stock. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $358.47.

Lam Research Company 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.