BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 66,445 Shares of Lam Research Corporation $LRCX

Key Points

• British Columbia Investment Management Corp reduced its stake in Lam Research Corporation by 13.8%, selling 66,445 shares and owning 415,242 shares worth approximately $30.19 million.
• Institutional investors own 84.61% of Lam Research's stock, with several other large investors recently modifying their holdings, indicating ongoing interest in the semiconductor sector.
• Lam Research reported a strong quarterly earnings performance, with $5.17 billion in revenue, exceeding expectations, and a year-over-year revenue growth of 33.6%.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 13.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 415,242 shares of the semiconductor company's stock after selling 66,445 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Lam Research were worth $30,188,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Pinnacle Financial Partners Inc bought a new stake in Lam Research in the 1st quarter worth about $201,000. B. Riley Wealth Advisors Inc. bought a new stake in Lam Research in the fourth quarter worth about $6,296,000. China Universal Asset Management Co. Ltd. boosted its position in Lam Research by 27.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares during the period. Cookson Peirce & Co. Inc. bought a new position in Lam Research during the first quarter worth about $607,000. Finally, First Citizens Bank & Trust Co. boosted its position in Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after purchasing an additional 39,414 shares during the period. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of research reports. Argus increased their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Mizuho increased their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Citigroup increased their target price on shares of Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, Erste Group Bank began coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a "buy" rating for the company. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $107.30.

Lam Research Trading Up 1.7%

Shares of LRCX opened at $100.08 on Friday. The business's 50-day moving average price is $98.41 and its 200-day moving average price is $84.61. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $108.02. The stock has a market cap of $126.66 billion, a PE ratio of 24.06, a P/E/G ratio of 1.30 and a beta of 1.65. 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 (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's revenue was up 33.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

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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