Ieq Capital LLC Boosts Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Ieq Capital LLC increased its stake in Lam Research Corporation by 20.9%, acquiring a total of 185,239 shares valued at $13,467,000 at the end of the reporting period.
• Analysts have raised their price targets for Lam Research, with estimates ranging from $94.00 to $120.00, reflecting strong confidence in the stock's performance.
• Lam Research reported earnings of $1.33 per share, surpassing expectations and showing a year-over-year revenue increase of 33.6%, with projected guidance for the upcoming year between 1.100-1.300 EPS.

Ieq Capital LLC raised its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,239 shares of the semiconductor company's stock after buying an additional 32,051 shares during the period. Ieq Capital LLC's holdings in Lam Research were worth $13,467,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the first quarter valued at about $26,000. West Paces Advisors Inc. purchased a new stake in shares of Lam Research during the fourth quarter worth about $27,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Lam Research during the fourth quarter worth about $27,000. Park Square Financial Group LLC purchased a new stake in shares of Lam Research during the fourth quarter worth about $31,000. Finally, Putney Financial Group LLC purchased a new stake in shares of Lam Research during the fourth quarter worth about $36,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRCX has been the subject of a number of analyst reports. Morgan Stanley increased their target price on shares of Lam Research from $87.00 to $94.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Citigroup increased their target price on shares of Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a report on Friday, August 1st. KeyCorp increased their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Argus increased their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Twenty equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $107.30.

Lam Research Price Performance

LRCX stock opened at $103.67 on Thursday. The firm has a 50 day moving average price of $99.02 and a 200-day moving average price of $85.01. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $108.02. The firm has a market capitalization of $131.21 billion, a price-to-earnings ratio of 24.92, a PEG 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 released 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. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business's revenue was up 33.6% on a year-over-year basis. During the same period last year, the business earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts forecast that Lam Research Corporation will post 3.71 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.