Lam Research Corporation $LRCX Shares Bought by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Lam Research Corporation ($LRCX) by 29.2%, owning 227,046 shares valued at approximately $16.5 million.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, surpassing analysts' expectations, with a revenue increase of 33.6% year-over-year.
• The stock currently has an average rating of "Moderate Buy" from analysts, with a consensus target price of $107.09.

Fuller & Thaler Asset Management Inc. boosted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 29.2% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 227,046 shares of the semiconductor company's stock after acquiring an additional 51,281 shares during the quarter. Fuller & Thaler Asset Management Inc.'s holdings in Lam Research were worth $16,506,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research during the 1st quarter worth about $26,000. West Paces Advisors Inc. acquired a new stake in Lam Research during the 4th quarter worth about $27,000. Mpwm Advisory Solutions LLC acquired a new stake in Lam Research during the 4th quarter worth about $27,000. Park Square Financial Group LLC acquired a new stake in Lam Research during the 4th quarter worth about $31,000. Finally, Putney Financial Group LLC purchased a new position in shares of Lam Research during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

Shares of Lam Research stock traded up $1.67 on Friday, hitting $100.08. The company's stock had a trading volume of 9,687,561 shares, compared to its average volume of 12,639,810. 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 Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The firm has a fifty day moving average price of $98.41 and a 200-day moving average price of $84.59. The company has a market capitalization of $126.66 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.28 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 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 firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. During the same quarter in the previous year, the business earned $1.03 EPS. Lam Research's revenue for the quarter 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, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on LRCX shares. Argus lifted their price objective on Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Raymond James Financial lifted their price objective on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC lifted their price objective on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. UBS Group lifted their price objective on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Summit Insights lowered Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $107.30.

Lam Research 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.