Lam Research Corporation $LRCX Shares Purchased by Level Four Advisory Services LLC

Key Points

• Level Four Advisory Services LLC increased its stake in Lam Research Corporation by 16.1%, acquiring an additional 17,174 shares, bringing their total holdings to 123,616 shares valued at approximately $8.99 million.
• Lam Research reported a strong quarterly performance with $1.33 earnings per share, surpassing the consensus estimate of $1.21, and revenue of $5.17 billion compared to an estimated $4.99 billion.
• Several analysts have raised their price targets for Lam Research, with Citigroup and Argus increasing theirs to $113.00 and $120.00 respectively, reflecting a consensus "buy" rating among analysts.

Level Four Advisory Services LLC boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 16.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,616 shares of the semiconductor company's stock after buying an additional 17,174 shares during the quarter. Level Four Advisory Services LLC's holdings in Lam Research were worth $8,987,000 as of its most recent SEC filing.

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

Lam Research Stock Performance

LRCX stock traded up $1.67 during trading on Friday, reaching $100.08. The company had a trading volume of 9,687,561 shares, compared to its average volume of 12,033,201. The firm has a 50-day simple moving average of $98.20 and a 200-day simple moving average of $84.45. The company has a market cap of $126.66 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.29 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 Corporation has a twelve month low of $56.32 and a twelve month high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The company had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's revenue for the quarter was up 33.6% on a year-over-year basis. During the same period last year, the business earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.