Lam Research Corporation $LRCX Holdings Boosted by Triple Frond Partners LLC

Key Points

• Triple Frond Partners LLC increased its holdings in Lam Research Corporation by 38.1% in the first quarter, making the stock its 7th biggest holding, with an investment valued at $51.37 million.
• Lam Research reported a net margin of 29.07% and a return on equity of 58.17%, with revenue for the quarter rising by 33.6% year-over-year.
• Analysts have generally rated Lam Research favorably, with an average price target of $107.09 and twenty-one analysts issuing a buy rating on the stock.

Triple Frond Partners LLC grew its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 38.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 706,615 shares of the semiconductor company's stock after purchasing an additional 194,850 shares during the quarter. Lam Research makes up 6.9% of Triple Frond Partners LLC's portfolio, making the stock its 7th biggest position. Triple Frond Partners LLC owned 0.06% of Lam Research worth $51,371,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the first quarter valued at approximately $26,000. West Paces Advisors Inc. purchased a new stake in Lam Research during the fourth quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC purchased a new stake in Lam Research during the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC purchased a new stake in Lam Research during the fourth quarter valued at approximately $31,000. Finally, Putney Financial Group LLC purchased a new stake in Lam Research during the fourth quarter valued at approximately $36,000. Institutional investors own 84.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on LRCX. Needham & Company LLC upped their price target on shares of Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Argus upped their price target on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 1st. KeyCorp upped their price target on shares of Lam Research from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Stifel Nicolaus upped their price target on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, TD Cowen upped their price target on shares of Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and an average target price of $107.30.

Lam Research Stock Performance

LRCX stock traded up $1.6530 during midday trading on Friday, hitting $100.0630. 6,320,088 shares of the stock traded hands, compared to its average volume of 12,009,846. The firm has a market cap of $126.64 billion, a P/E ratio of 24.05, a PEG ratio of 1.29 and a beta of 1.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The stock's fifty day simple moving average is $98.20 and its 200-day simple moving average is $84.45. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for 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 firm's revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the business earned $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 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.