Korea Investment CORP Trims Stake in Lam Research Corporation $LRCX

Key Points

• Korea Investment Corporation reduced its holdings in Lam Research Corporation by 8.5%, selling 87,770 shares during the first quarter, leaving it with a total of 938,840 shares valued at approximately $68.25 million.
• Multiple institutional investors increased their stakes in Lam Research, with Citizens National Bank Trust Department leading with a 34.0% increase during the same period.
• Analysts have generally rated Lam Research stock favorably, with an average rating of "Moderate Buy" and target prices ranging up to $115.00, indicating overall positive sentiment for the company's future performance.

Korea Investment CORP cut its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 938,840 shares of the semiconductor company's stock after selling 87,770 shares during the quarter. Korea Investment CORP owned approximately 0.07% of Lam Research worth $68,254,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in LRCX. Meridian Wealth Management LLC increased its stake in shares of Lam Research by 1.4% during the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock valued at $707,000 after buying an additional 130 shares during the period. GW&K Investment Management LLC increased its position in shares of Lam Research by 10.1% in the 1st quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock valued at $112,000 after acquiring an additional 141 shares during the period. Citizens National Bank Trust Department lifted its stake in Lam Research by 34.0% during the 1st quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock valued at $44,000 after acquiring an additional 153 shares during the period. Progressive Investment Management Corp boosted its stake in shares of Lam Research by 0.4% in the first quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock worth $3,096,000 after buying an additional 156 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC grew its position in Lam Research by 2.1% during the first quarter. Cassaday & Co Wealth Management LLC now owns 7,823 shares of the semiconductor company's stock valued at $569,000 after buying an additional 163 shares during the period. Institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LRCX. Morgan Stanley raised their price objective on Lam Research from $87.00 to $94.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Oppenheimer upped their price target on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Argus upped their price objective on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 1st. Barclays set a $83.00 price target on shares of Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Twenty equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $107.30.

Lam Research Stock Performance

Lam Research stock traded up $1.9050 during trading hours on Friday, reaching $100.3150. 5,917,025 shares of the stock were exchanged, compared to its average volume of 12,008,293. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The firm's 50 day moving average is $98.20 and its 200 day moving average is $84.45. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $108.02. The stock has a market cap of $126.96 billion, a P/E ratio of 24.12, a P/E/G ratio of 1.29 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter last year, the firm posted $1.03 EPS. The business's 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. Analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

About Lam Research

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.