Lam Research Corporation (NASDAQ:LRCX) is on recovery track with 46.67% gain from a 1-year low price of $122.64. The company lost -5.29% to attain the price of $179.88 on 6/12/2019. Throughout the recent session, the prices were hovering between $189.37 and $195.29. These shares are 23.42% off its target price of $222 and the current market capitalization stands at $27.2B. The recent change has given its price a -6.34% deficit over SMA 50 and -14.14% deficit over its 52-week high. The stock witnessed -4.47% declines, 5.56% gains and 30.52% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LRCX’s volatility during a week at 2.73% and during a month it has been found around 2.85%.

Lam Research Corporation (LRCX) Top Holders

Institutional investors currently hold around $25.01 billion or 90.7% in LRCX stock. Look at its top three institutional owners: Vanguard Group Inc owns $2.26 billion in Lam Research Corporation, which represents roughly 8.29% of the company’s market cap and approximately 9.02% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 11,144,583 shares of the stock are valued at $2.12 billion. The third largest holder is Ameriprise Financial Inc, which currently holds $1.85 billion worth of this stock and that ownership represents nearly 6.79% of its market capitalization.

Lam Research Corporation 13F Filings

At the end of March reporting period, 393 institutional holders increased their position in Lam Research Corporation (NASDAQ:LRCX) by some 13,323,028 shares, 441 decreased positions by 17,741,928 and 106 held positions by 100,630,211. That puts total institutional holdings at 131,695,167 shares, according to SEC filings. The stock grabbed 133 new institutional investments totaling 3,569,745 shares while 92 institutional investors sold out their entire positions totaling 2,161,704 shares.

Lam Research Corporation (NASDAQ:LRCX) Insider Trades

Multiple company employees have indulged in significant insider trading. Lam Research Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive Vice President & CTO Gottscho Richard A has sold 2,155 shares of Lam Research Corporation (LRCX) in the trading session dated May. 01, 2019. These shares are worth $450,395 and were traded at $209 each. The SEC filing shows that TALWALKAR ABHIJIT Y performed a sale of 3,988 shares. The Director disposed these shares by way of transaction on Apr. 25, 2019. The company’s shares were given away at $203 per share worth to an income of some $809,564 to the account of TALWALKAR ABHIJIT Y.

Executive Vice President & CTO, Gottscho Richard A, sold 7,248 common shares of Lam Research Corporation (LRCX) in the open market. In a transaction dated Apr. 25, 2019, the shares were put up for sale at an average price of $209.26, raking in a sum of $1,516,716. After this sale, 72,671 common shares of LRCX are directly owned by the insider, with total stake valued at $13,072,059.

In the transaction dated Apr. 05, 2019, a great number of shares sold came courtesy the Director; TALWALKAR ABHIJIT Y disposed a total of 3,988 shares at an average price of $195, amounting to approximately $777,660. The insider now directly owns 21,702 shares worth $3,903,756.

Lam Research Corporation (LRCX) Analyst Guide

Several analysts have released their opinion on Lam Research Corporation (NASDAQ:LRCX), with 5 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 9 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.1 average brokerage recommendation [T1].