Connor Clark & Lunn Investment Management Ltd. Buys Shares of 3,367 Lam Research Corporation $LRCX

Key Points

• Connor Clark & Lunn Investment Management Ltd. has invested approximately $245,000 in Lam Research Corporation by acquiring 3,367 shares.
• Following the investment, several institutional investors significantly increased their stakes, with MUFG Securities raising its holdings by 114% to nearly $8.9 million.
• Lam Research reported strong quarterly results with $1.33 EPS, surpassing estimates, and has received positive analyst ratings with an average price target of $107.09.

Connor Clark & Lunn Investment Management Ltd. bought a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 3,367 shares of the semiconductor company's stock, valued at approximately $245,000.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after purchasing an additional 31,255,726 shares during the last quarter. Northern Trust Corp increased its position in shares of Lam Research by 1,067.0% during the 4th quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock valued at $1,146,235,000 after purchasing an additional 14,509,407 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Lam Research by 6,383.5% during 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 during the last quarter. Finally, Janus Henderson Group PLC purchased a new position in shares of Lam Research in the fourth quarter worth about $792,161,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Up 1.7%

LRCX traded up $1.67 during trading on Friday, reaching $100.08. The stock had a trading volume of 9,687,561 shares, compared to its average volume of 12,639,810. The stock's 50 day moving average is $98.41 and its two-hundred day moving average is $84.59. 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 has a market capitalization of $126.66 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.28 and a beta of 1.65. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on LRCX. Erste Group Bank started coverage on Lam Research in a report on Thursday, August 14th. They set a "buy" rating for the company. Summit Insights lowered Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. KeyCorp boosted their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Morgan Stanley boosted their price objective 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, Stifel Nicolaus boosted their price objective on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Twenty analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $107.30.

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.