AlphaQuest LLC Boosts Stock Holdings in Lam Research Corporation $LRCX

Key Points

• AlphaQuest LLC has significantly increased its stake in Lam Research Corporation by 238.1% in the first quarter, raising its holdings to 14,720 shares valued at $1,070,000.
• Lam Research reported strong quarterly earnings with $1.33 EPS, exceeding estimates, and a revenue of $5.17 billion, marking a 33.6% increase year-over-year.
• Analysts have a generally positive outlook on Lam Research, with an average price target of $107.30 and 20 analysts rating it as a Buy.

AlphaQuest LLC increased its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 238.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,720 shares of the semiconductor company's stock after purchasing an additional 10,366 shares during the period. AlphaQuest LLC's holdings in Lam Research were worth $1,070,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LRCX. Brighton Jones LLC grew its position in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after buying an additional 12,936 shares during the period. OneDigital Investment Advisors LLC grew its position in Lam Research by 793.5% during the fourth quarter. OneDigital Investment Advisors LLC now owns 10,624 shares of the semiconductor company's stock worth $767,000 after buying an additional 9,435 shares during the period. Price T Rowe Associates Inc. MD grew its position in Lam Research by 305.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,874,358 shares of the semiconductor company's stock worth $207,615,000 after buying an additional 2,165,218 shares during the period. MGO One Seven LLC acquired a new position in Lam Research during the fourth quarter worth about $1,144,000. Finally, T. Rowe Price Investment Management Inc. grew its position in Lam Research by 1,370.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 147,280 shares of the semiconductor company's stock worth $10,639,000 after buying an additional 137,262 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Up 1.7%

LRCX stock opened at $100.08 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm has a market capitalization of $126.66 billion, a PE ratio of 24.06, a P/E/G ratio of 1.30 and a beta of 1.65. The company's 50 day simple moving average is $98.41 and its 200-day simple moving average is $84.61. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $108.02.

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

Wall Street Analyst Weigh In

LRCX has been the topic of several recent analyst reports. Argus upped their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group assumed coverage on shares of Lam Research in a research report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price target on the stock. Morgan Stanley increased their price target on shares of Lam Research from $87.00 to $94.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Raymond James Financial increased their price target on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, KeyCorp increased their price target on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Twenty research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and an average target price of $107.30.

About Lam Research

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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