Seek First Inc. Purchases New Holdings in Lam Research Corporation $LRCX

Key Points

• Seek First Inc. purchased 9,313 shares of Lam Research Corporation for approximately $677,000, making it 27th in the fund's portfolio.
• Lam Research reported strong earnings, with $1.33 EPS, surpassing estimates and achieving a 33.6% increase in revenue compared to last year.
• The company's stock has a current price of $99.51, with a consensus analyst rating of "Moderate Buy" and a price target of $107.09.

Seek First Inc. acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,313 shares of the semiconductor company's stock, valued at approximately $677,000. Lam Research makes up approximately 0.6% of Seek First Inc.'s portfolio, making the stock its 27th largest holding.

A number of other institutional investors have also recently bought and sold shares of LRCX. Vanguard Group Inc. lifted its holdings in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after buying an additional 8,364,375 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Lam Research by 950.5% in the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after purchasing an additional 31,255,726 shares during the last quarter. Invesco Ltd. boosted its position in Lam Research by 2.8% during the first quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after purchasing an additional 472,636 shares during the period. Northern Trust Corp grew its holdings in Lam Research by 1,067.0% during the fourth quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock valued at $1,146,235,000 after purchasing an additional 14,509,407 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Lam Research by 6,383.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after purchasing an additional 13,365,317 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LRCX. The Goldman Sachs Group initiated coverage on shares of Lam Research in a research note on Thursday, July 10th. They issued a "buy" rating and a $115.00 target price on the stock. Morgan Stanley raised their price target on Lam Research from $87.00 to $94.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the stock a "hold" rating in a research report on Thursday, April 24th. UBS Group lifted their price objective on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Raymond James Financial increased their target price on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $107.09.

Lam Research Price Performance

Shares of LRCX traded down $0.9370 on Wednesday, hitting $99.3930. The company's stock had a trading volume of 9,990,442 shares, compared to its average volume of 12,017,272. The company has a market capitalization of $125.79 billion, a PE ratio of 23.89, a PEG ratio of 1.28 and a beta of 1.65. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. The company has a 50 day moving average price of $97.90 and a 200 day moving average price of $84.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

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