Erste Asset Management GmbH Buys 61,722 Shares of Lam Research Corporation $LRCX

Key Points

• Erste Asset Management GmbH increased its stake in Lam Research Corporation by 5.1%, acquiring an additional 61,722 shares, bringing its total ownership to 1,262,376 shares valued at approximately $91,984,000.
• Wall Street analysts are optimistic about Lam Research, as several firms, including Argus and UBS Group, have raised their price targets for the stock to a range of $115.00 to $120.00 and rated it a "buy."
• Lam Research reported a 33.6% year-over-year increase in quarterly revenue, reaching $5.17 billion, and exceeded earnings expectations with $1.33 earnings per share.

Erste Asset Management GmbH lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,262,376 shares of the semiconductor company's stock after acquiring an additional 61,722 shares during the quarter. Lam Research makes up approximately 1.1% of Erste Asset Management GmbH's holdings, making the stock its 14th biggest position. Erste Asset Management GmbH owned about 0.10% of Lam Research worth $91,984,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Van Lanschot Kempen Investment Management N.V. grew its stake in shares of Lam Research by 3.3% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 51,927 shares of the semiconductor company's stock valued at $3,775,000 after acquiring an additional 1,650 shares during the period. JT Stratford LLC bought a new position in shares of Lam Research during the 1st quarter valued at approximately $1,059,000. MIG Capital LLC bought a new position in Lam Research in the 1st quarter worth approximately $618,000. Legacy Financial Advisors Inc. boosted its stake in Lam Research by 25.3% in the 1st quarter. Legacy Financial Advisors Inc. now owns 6,316 shares of the semiconductor company's stock worth $459,000 after purchasing an additional 1,276 shares during the period. Finally, Andina Capital Management LLC bought a new position in Lam Research in the 1st quarter worth approximately $202,000. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LRCX shares. Argus upped their price target on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Needham & Company LLC upped their price target on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus upped 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. Wells Fargo & Company set a $98.00 price target on Lam Research and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, UBS Group upped their price target on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Twenty equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $107.09.

Lam Research Stock Up 1.5%

Shares of LRCX opened at $100.33 on Wednesday. The stock has a market capitalization of $126.98 billion, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.65. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The business's 50 day simple moving average is $97.90 and its 200-day simple moving average is $84.22. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX - Get Free Report) last released 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. 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 quarter in the prior year, the firm posted $1.03 EPS. Lam Research'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. As a group, equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

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.

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