Blue Whale Capital LLP Lowers Holdings in Lam Research Corporation $LRCX

Key Points

• Blue Whale Capital LLP reduced its stake in Lam Research Corporation by 10.5%, resulting in ownership of approximately 1.84 million shares worth about $134.06 million, making it the firm's second-largest investment.
• Recent analyst ratings show a positive outlook for Lam Research, with target price raises from multiple firms, reflecting an average consensus target price of $107.30.
• Lam Research reported strong financial results with $5.17 billion in revenue for the last quarter, significantly surpassing analyst expectations and resulting in a 33.6% increase from the previous year.

Blue Whale Capital LLP reduced its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,844,035 shares of the semiconductor company's stock after selling 216,910 shares during the quarter. Lam Research accounts for about 10.9% of Blue Whale Capital LLP's investment portfolio, making the stock its 2nd largest holding. Blue Whale Capital LLP owned about 0.14% of Lam Research worth $134,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new position in Lam Research during the first quarter worth $26,000. West Paces Advisors Inc. acquired a new position in shares of Lam Research during the fourth quarter valued at $27,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Lam Research during the fourth quarter valued at $27,000. Park Square Financial Group LLC acquired a new position in Lam Research during the fourth quarter worth about $31,000. Finally, Putney Financial Group LLC acquired a new position in Lam Research during the fourth quarter worth about $36,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Up 1.2%

NASDAQ LRCX traded up $1.20 during trading on Monday, reaching $101.28. 5,435,192 shares of the company's stock were exchanged, compared to its average volume of 11,992,231. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. The firm has a market capitalization of $128.18 billion, a PE ratio of 24.35, a P/E/G ratio of 1.29 and a beta of 1.65. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The company's fifty day simple moving average is $98.41 and its 200-day simple moving average is $84.62.

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, topping analysts' consensus estimates of $1.21 by $0.12. The firm 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 quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LRCX. Argus lifted their target price on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Stifel Nicolaus lifted their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on Lam Research in a report on Thursday, July 10th. They set a "buy" rating and a $115.00 target price on the stock. Citigroup lifted their price target on Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, TD Cowen lifted their price target on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating and seven have given a Hold 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 $107.30.

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.