Corebridge Financial Inc. Lowers Holdings in Lam Research Corporation $LRCX

Key Points

• Corebridge Financial Inc. reduced its stake in Lam Research Corporation by 3.5%, selling 14,619 shares, and now owns 398,454 shares valued at approximately $28.97 million.
• Recent changes by other institutional investors include several new purchases, with hedge funds and institutional investors owning 84.61% of Lam Research's stock.
• Lam Research reported better-than-expected quarterly earnings with an EPS of $1.33, exceeding the consensus estimate of $1.21 and marking a 33.6% revenue increase year-over-year.

Corebridge Financial Inc. lowered its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 3.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 398,454 shares of the semiconductor company's stock after selling 14,619 shares during the quarter. Corebridge Financial Inc.'s holdings in Lam Research were worth $28,968,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after acquiring an additional 8,364,375 shares during the period. Ameriprise Financial Inc. increased its holdings in Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after purchasing an additional 31,255,726 shares during the period. Invesco Ltd. increased its holdings in Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after purchasing an additional 472,636 shares during the period. Northern Trust Corp lifted its holdings in shares of Lam Research by 1,067.0% in the 4th quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock worth $1,146,235,000 after buying an additional 14,509,407 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 worth $980,500,000 after buying an additional 13,365,317 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 0.4%

NASDAQ:LRCX traded up $0.42 during mid-day trading on Thursday, hitting $104.09. 7,372,322 shares of the company's stock traded hands, compared to its average volume of 12,501,825. The company has a fifty day moving average of $99.02 and a 200 day moving average of $85.01. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $108.02. The company has a market capitalization of $131.74 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.33 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm'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. On average, analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 1.0%. Lam Research's dividend payout ratio is currently 22.12%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LRCX. Cantor Fitzgerald lifted their price objective on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Mizuho lifted their price objective on Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Friday, August 1st. TD Cowen lifted their price objective on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 31st. B. Riley restated a "buy" rating and issued a $115.00 price objective (up from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. Finally, Barclays set a $83.00 target price on Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus target price 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.