Groupe la Francaise Acquires 38,460 Shares of Lam Research Corporation $LRCX

Key Points

• Groupe la Francaise significantly increased its stake in Lam Research Corporation by 855.8%, acquiring an additional 38,460 shares, bringing its total holdings to 42,954 shares valued at approximately $3.21 million.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, surpassing analysts' estimates of $1.21, with a revenue of $5.17 billion, reflecting a 33.6% increase year-over-year.
• Wall Street analysts remain optimistic about Lam Research, with a consensus rating of "Moderate Buy" and an average price target of $107.30, indicating potential growth for investors.

Groupe la Francaise grew its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 855.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,954 shares of the semiconductor company's stock after purchasing an additional 38,460 shares during the quarter. Groupe la Francaise's holdings in Lam Research were worth $3,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Sax Wealth Advisors LLC bought a new position in shares of Lam Research in the first quarter worth approximately $292,000. AlphaQuest LLC boosted its position in shares of Lam Research by 238.1% in the first quarter. AlphaQuest LLC now owns 14,720 shares of the semiconductor company's stock worth $1,070,000 after purchasing an additional 10,366 shares during the period. Strategies Wealth Advisors LLC bought a new position in shares of Lam Research in the first quarter worth approximately $239,000. Allstate Corp bought a new position in shares of Lam Research in the first quarter worth approximately $3,512,000. Finally, Laffer Tengler Investments Inc. boosted its position in shares of Lam Research by 1.0% in the first quarter. Laffer Tengler Investments Inc. now owns 107,307 shares of the semiconductor company's stock worth $7,801,000 after purchasing an additional 1,074 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Price Performance

Shares of Lam Research stock opened at $100.08 on Friday. The stock has a 50 day moving average of $98.41 and a 200 day moving average of $84.61. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $108.02. The firm has a market cap of $126.66 billion, a PE ratio of 24.06, a PEG ratio of 1.30 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.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm's revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. UBS Group upped their price target on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. 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. Mizuho upped their price target on Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. 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. Finally, Barclays set a $83.00 price target on Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Twenty research 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 stock presently has a consensus rating of "Moderate Buy" and an average 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.

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