Lam Research Corporation $LRCX Position Cut by Amundi

Key Points

• Amundi has reduced its stock holdings in Lam Research Corporation by 6.2%, selling 804,753 shares and now owning approximately 12.14 million shares valued at $882.6 million.
• Over 84% of Lam Research's stock is now held by institutional investors, with several firms significantly increasing their positions in the most recent quarter.
• Analysts have set an average price target of $107.22 for LRCX, with a majority rating it as a Buy.

Amundi reduced its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,140,419 shares of the semiconductor company's stock after selling 804,753 shares during the period. Amundi owned approximately 0.95% of Lam Research worth $882,608,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Lam Research by 6.9% in 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 purchasing an additional 8,364,375 shares in the last quarter. Invesco Ltd. increased its holdings in Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after purchasing an additional 472,636 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Lam Research by 6,383.5% in the 4th 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 in the last quarter. Janus Henderson Group PLC acquired a new stake in Lam Research in the 4th quarter valued at $792,161,000. Finally, Goldman Sachs Group Inc. increased its holdings in Lam Research by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock valued at $693,319,000 after purchasing an additional 1,953,221 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. B. Riley reiterated a "buy" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Argus boosted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Mizuho boosted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Finally, KeyCorp raised their price objective on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.22.

Lam Research Stock Performance

Shares of NASDAQ:LRCX traded up $2.53 on Friday, reaching $102.95. 8,138,513 shares of the company's stock were exchanged, compared to its average volume of 10,784,377. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. The business's 50-day moving average is $99.87 and its two-hundred day moving average is $85.82. The firm has a market capitalization of $130.30 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 1.32 and a beta of 1.76.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating 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 business's revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. Lam Research's dividend payout ratio (DPR) is currently 22.12%.

Lam Research Company 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.