Banco Bilbao Vizcaya Argentaria S.A. Sells 162,672 Shares of Lam Research Corporation $LRCX

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Lam Research Corporation by 53.4%, selling 162,672 shares and holding 141,805 shares worth approximately $10.3 million as of the latest SEC filing.
• Other large investors made various adjustments to their positions in Lam Research, with significant increases from firms such as Citizens National Bank Trust Department (34% increase) and GW&K Investment Management LLC (10.1% increase).
• Lam Research reported earnings exceeding estimates with $1.33 EPS for the quarter and set its Q1 2026 guidance in the range of $1.100-1.300 EPS, while analysts have a consensus target price of $107.09, indicating a strong outlook.

Banco Bilbao Vizcaya Argentaria S.A. reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 53.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,805 shares of the semiconductor company's stock after selling 162,672 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Lam Research were worth $10,323,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Meridian Wealth Management LLC raised its holdings in Lam Research by 1.4% in the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock worth $707,000 after purchasing an additional 130 shares in the last quarter. GW&K Investment Management LLC raised its holdings in Lam Research by 10.1% in the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after purchasing an additional 141 shares in the last quarter. Citizens National Bank Trust Department raised its holdings in Lam Research by 34.0% in the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after purchasing an additional 153 shares in the last quarter. Progressive Investment Management Corp raised its holdings in Lam Research by 0.4% in the first quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock worth $3,096,000 after purchasing an additional 156 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its holdings in Lam Research by 2.1% in the first quarter. Cassaday & Co Wealth Management LLC now owns 7,823 shares of the semiconductor company's stock worth $569,000 after purchasing an additional 163 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 1.5%

Lam Research stock opened at $100.33 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $108.02. The stock's 50 day simple moving average is $97.90 and its two-hundred day simple moving average is $84.22. The firm has a market cap of $126.98 billion, a PE ratio of 24.12, a P/E/G ratio of 1.28 and a beta of 1.65.

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

Analyst Ratings Changes

LRCX has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $70.00 target price on shares of Lam Research and gave the stock a "hold" rating in a report on Thursday, April 24th. TD Securities dropped their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Stifel Nicolaus boosted their price target on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Morgan Stanley upped their target price 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. Finally, Raymond James Financial raised their price target on shares of Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $107.09.

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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