Ameriprise Financial Inc. Trims Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Ameriprise Financial Inc. has reduced its holdings in Lam Research Corporation by 0.9%, owning approximately 34.2 million shares after selling nearly 324,000 shares during the first quarter.
• Lam Research reported a 33.6% increase in revenue year-over-year, achieving $5.17 billion in the last quarter, and surpassed earnings expectations with an EPS of $1.33.
• Recent analyst reports have been favorable, with several firms raising their price objectives for Lam Research, with a consensus rating of "Moderate Buy" and a target price around $107.09.

Ameriprise Financial Inc. lowered its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,219,931 shares of the semiconductor company's stock after selling 323,984 shares during the quarter. Lam Research makes up approximately 0.7% of Ameriprise Financial Inc.'s portfolio, making the stock its 18th biggest position. Ameriprise Financial Inc. owned approximately 2.68% of Lam Research worth $2,487,845,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LRCX. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research in the first quarter valued at approximately $26,000. West Paces Advisors Inc. acquired a new position in Lam Research during the fourth quarter worth $27,000. Mpwm Advisory Solutions LLC acquired a new position in Lam Research during the fourth quarter worth $27,000. Park Square Financial Group LLC acquired a new position in Lam Research during the fourth quarter worth $31,000. Finally, Putney Financial Group LLC acquired a new position in Lam Research during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of recent analyst reports. Mizuho upped their price objective on Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Argus upped their price objective on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. B. Riley reissued a "buy" rating and issued a $115.00 target price (up previously from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, TD Securities reduced their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.09.

Lam Research Stock Performance

Shares of NASDAQ:LRCX opened at $99.15 on Thursday. The firm has a market capitalization of $125.49 billion, a PE ratio of 23.83, a P/E/G ratio of 1.30 and a beta of 1.65. 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 business has a 50-day moving average of $98.06 and a two-hundred day moving average of $84.32. 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 results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm's revenue was up 33.6% on a year-over-year basis. During the same period 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. As a group, research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current 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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