APG Asset Management N.V. Has $50.28 Million Stake in Lam Research Corporation $LRCX

Key Points

• APG Asset Management N.V. reduced its stake in Lam Research Corporation by 4.4%, selling 34,665 shares and holding $50.28 million worth of the company's stock as of the latest SEC filing.
• Lam Research reported a 33.6% year-over-year revenue growth with a quarterly revenue of $5.17 billion and an EPS of $1.33, beating estimates by $0.12.
• Wall Street analysts are bullish on Lam Research, raising price targets, with an average target price of $107.30 and a consensus rating of "Moderate Buy."

APG Asset Management N.V. decreased its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 747,019 shares of the semiconductor company's stock after selling 34,665 shares during the quarter. APG Asset Management N.V. owned about 0.06% of Lam Research worth $50,276,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. 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 shares of Lam Research in the fourth quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC acquired a new position in shares of Lam Research in the fourth quarter valued at approximately $31,000. Finally, Putney Financial Group LLC acquired a new stake in Lam Research in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Up 1.7%

Shares of LRCX opened at $100.08 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02. The company has a market cap of $126.66 billion, a P/E ratio of 24.06, 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 firm has a 50 day simple moving average of $98.41 and a two-hundred day simple moving average of $84.61.

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

Wall Street Analysts Forecast Growth

LRCX has been the subject of several analyst reports. Cantor Fitzgerald lifted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday. Erste Group Bank started coverage on shares of Lam Research in a research note on Thursday, August 14th. They issued a "buy" rating for the company. Needham & Company LLC increased 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. TD Cowen increased their target price on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, Morgan Stanley increased their target price on Lam Research from $87.00 to $94.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $107.30.

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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