Balefire LLC Buys Shares of 1,742 Lam Research Corporation $LRCX

Balefire LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,742 shares of the semiconductor company’s stock, valued at approximately $372,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cedar Mountain Advisors LLC boosted its stake 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 buying an additional 85 shares during the period. Vermillion Wealth Management Inc. purchased a new position in shares of Lam Research during the 1st quarter worth approximately $26,000. Bayban acquired a new stake in Lam Research in the 4th quarter valued at approximately $26,000. Mcguire Capital Advisors Inc. purchased a new stake in Lam Research in the fourth quarter valued at approximately $27,000. Finally, Core Wealth Advisors LLC acquired a new position in Lam Research during the fourth quarter worth $29,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of the business’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 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. The trade was a 17.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 104,621 shares of company stock worth $33,804,737. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LRCX. Susquehanna restated a “positive” rating and set a $475.00 price target (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Citigroup reaffirmed a “buy” rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Stifel Nicolaus increased their price target on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Finally, Jefferies Financial Group raised their price objective on shares of Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average price target of $360.51.

Lam Research Price Performance

LRCX stock opened at $322.00 on Wednesday. The business’s 50-day moving average is $340.44 and its two-hundred day moving average is $271.60. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The firm has a market capitalization of $402.68 billion, a P/E ratio of 60.75, a P/E/G ratio of 1.82 and a beta of 1.80. Lam Research Corporation has a 1 year low of $90.93 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. Analysts anticipate that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a $0.26 dividend. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s payout ratio is currently 19.62%.

Key Stories Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Semiconductor stocks, including Lam Research, rebounded as dip buyers returned to the group following a sharp sector pullback, supported by continued enthusiasm for the AI investment cycle. Intel, KLA Corporation, Lam Research, Marvell Technology, and Micron Shares Skyrocket, What You Need To Know
• Positive Sentiment: Multiple articles described Lam Research as a solid growth stock and a potential earnings-surprise name, reinforcing bullish expectations for the company’s fundamentals. Looking for a Growth Stock? 3 Reasons Why Lam Research (LRCX) is a Solid Choice
• Positive Sentiment: Lam Research joined the AI Materials Foundry as a founding partner, which could strengthen its long-term role in advanced chip materials and next-generation semiconductor development. Lam Research (LRCX) Joins AI Materials Foundry To Help Shape Future Chip Materials
• Positive Sentiment: Industry outlook pieces continue to favor semiconductor equipment makers like LRCX, citing AI-driven demand for advanced chips, packaging, and memory. Zacks Industry Outlook Highlights Applied Materials, Lam Research and FormFactor
• Neutral Sentiment: Lam Research was cited among stocks likely to deliver earnings upside this season, but this was presented as a broad screen rather than company-specific new information. 4 Top-Ranked Tech Stocks Set to Beat Expectations This Earnings Season
• Neutral Sentiment: Lam Research was also noted as having a “Moderate Buy” consensus from brokerages, which supports the stock but does not by itself explain a sharp move. Lam Research Corporation (NASDAQ:LRCX) Given Consensus Recommendation of “Moderate Buy” by Brokerages
• Negative Sentiment: The stock recently fell more than the broader market in a prior session, reflecting lingering volatility after the semiconductor sector’s steep selloff. Lam Research (LRCX) Dips More Than Broader Market: What You Should Know

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.