J. M. Brown & Associates Inc. Buys Shares of 3,429 Lam Research Corporation $LRCX

J. M. Brown & Associates Inc. purchased a new position in Lam Research Corporation (NASDAQ:LRCX) in the second quarter, Holdings Channel reports. The fund purchased 3,429 shares of the semiconductor company’s stock, valued at approximately $1,486,000. Lam Research makes up about 0.9% of J. M. Brown & Associates Inc.’s holdings, making the stock its 24th biggest holding.

Other large investors also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac bought a new position in shares of Lam Research in the fourth quarter valued at approximately $10,035,000. Generali Investments Management Co LLC lifted its stake in shares of Lam Research by 62.0% in the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock worth $6,209,000 after buying an additional 13,878 shares during the last quarter. Rokos Capital Management LLP boosted its holdings in shares of Lam Research by 42.0% during the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock worth $55,532,000 after buying an additional 76,840 shares during the period. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Lam Research during the 1st quarter worth $59,973,000. Finally, Krilogy Financial LLC grew its stake in Lam Research by 19.5% in the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after buying an additional 4,584 shares during the last quarter. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on LRCX shares. Evercore reiterated an “outperform” rating and issued a $355.00 target price on shares of Lam Research in a report on Monday, July 20th. Citigroup restated a “buy” rating and set a $450.00 price target (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Jefferies Financial Group set a $335.00 price target on Lam Research and gave the company a “buy” rating in a research report on Thursday, July 30th. TD Cowen reiterated a “buy” rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Finally, Raymond James Financial set a $425.00 price objective on Lam Research in a research report on Wednesday, June 10th. One research 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $358.47.

Insider Activity

In related news, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 business’s 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 sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This represents 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. In the last ninety days, insiders have sold 80,441 shares of company stock worth $27,614,296. Company insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $314.00 on Friday. The firm has a market cap of $392.91 billion, a P/E ratio of 54.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.84. The firm’s 50-day simple moving average is $337.47 and its 200-day simple moving average is $286.09. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. The firm 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 company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, research analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

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.