1832 Asset Management L.P. Sells 4,397 Shares of Lam Research Corporation $LRCX

Key Points

• 1832 Asset Management L.P. reduced its stake in Lam Research Corporation by 8.5%, selling 4,397 shares and now holding 47,317 shares valued at approximately $3.44 million.
• Institutional investors now own 84.61% of Lam Research's stock, with several hedge funds significantly increasing their stakes in the company.
• Lam Research reported a quarterly EPS of $1.33, exceeding estimates, and has set guidance for Q1 2026 EPS between $1.100 and $1.300.

1832 Asset Management L.P. cut its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,317 shares of the semiconductor company's stock after selling 4,397 shares during the period. 1832 Asset Management L.P.'s holdings in Lam Research were worth $3,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LRCX. Brighton Jones LLC boosted its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after acquiring an additional 12,936 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Lam Research by 305.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,874,358 shares of the semiconductor company's stock valued at $207,615,000 after acquiring an additional 2,165,218 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in shares of Lam Research by 1,370.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 147,280 shares of the semiconductor company's stock valued at $10,639,000 after purchasing an additional 137,262 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Lam Research by 9,709.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 42,866 shares of the semiconductor company's stock valued at $3,096,000 after purchasing an additional 42,429 shares during the period. Finally, Hancock Whitney Corp boosted its position in shares of Lam Research by 899.3% in the 4th quarter. Hancock Whitney Corp now owns 5,936 shares of the semiconductor company's stock worth $429,000 after purchasing an additional 5,342 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. TD Cowen upped their price objective on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Needham & Company LLC raised their target price on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Raymond James Financial upped their price target on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Stifel Nicolaus increased their price target on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, Argus lifted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $107.30.

Lam Research Stock Performance

Shares of LRCX opened at $100.08 on Monday. The firm has a market cap of $126.66 billion, a P/E ratio of 24.06, a PEG ratio of 1.29 and a beta of 1.65. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $108.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The firm's 50 day moving average price is $98.41 and its two-hundred day moving average price is $84.62.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm's quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.

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