Lam Research Corporation $LRCX Shares Acquired by Horizon Investments LLC

Key Points

• Horizon Investments LLC increased its stake in Lam Research Corporation by 110.6% during the first quarter, acquiring an additional 25,593 shares, bringing its total holdings to 48,734 shares valued at $3,543,000.
• Lam Research reported an earnings per share of $1.33 for the latest quarter, exceeding estimates and demonstrating a year-over-year revenue increase of 33.6% to $5.17 billion.
• The company’s stock has received multiple upgrades from analysts, with a consensus target price now set at $107.09 and a majority rating of "Moderate Buy."

Horizon Investments LLC grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 110.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,734 shares of the semiconductor company's stock after buying an additional 25,593 shares during the period. Horizon Investments LLC's holdings in Lam Research were worth $3,543,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Pinnacle Financial Partners Inc purchased a new stake in shares of Lam Research in the first quarter worth $201,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Lam Research during the fourth quarter valued at $6,296,000. China Universal Asset Management Co. Ltd. boosted its position in shares of 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 valued at $3,607,000 after buying an additional 10,565 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in shares of 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 valued at $8,862,000 after buying an additional 39,414 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new position in Lam Research in the first quarter worth about $607,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LRCX shares. TD Securities lowered their price objective on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. UBS Group lifted their price objective on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. KeyCorp lifted their price objective on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Citigroup lifted their price objective on Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, Mizuho lifted their price objective on Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.09.

Lam Research Stock Performance

Shares of LRCX traded up $1.3660 during mid-day trading on Tuesday, reaching $100.2460. The company had a trading volume of 6,349,338 shares, compared to its average volume of 12,006,828. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $108.02. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $126.87 billion, a P/E ratio of 24.08, a PEG ratio of 1.29 and a beta of 1.65. The stock has a 50 day moving average of $97.71 and a two-hundred day moving average of $84.11.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $5.17 billion for 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%.Lam Research's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter 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, analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current 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.