Lam Research Corporation $LRCX Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its stake in Lam Research Corporation by 14.4%, owning over 2.27 million shares worth approximately $165.6 million as of the latest quarter.
• Lam Research reported strong quarterly earnings, with $1.33 earnings per share surpassing expectations, and a revenue of $5.17 billion, a 33.6% increase from the prior year.
• Wall Street analysts have a positive outlook, with multiple firms raising their price targets, resulting in a consensus target price of $107.09 and a majority rating of "Buy."

Wellington Management Group LLP lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 14.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,278,467 shares of the semiconductor company's stock after acquiring an additional 286,749 shares during the period. Wellington Management Group LLP owned 0.18% of Lam Research worth $165,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in LRCX. Ameriprise Financial Inc. grew its stake in Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after buying an additional 31,255,726 shares during the last quarter. Northern Trust Corp grew its stake in Lam Research by 1,067.0% during the 4th quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock worth $1,146,235,000 after buying an additional 14,509,407 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Lam Research by 6,383.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock worth $980,500,000 after buying an additional 13,365,317 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Lam Research during the 4th quarter worth approximately $792,161,000. Finally, Vanguard Group Inc. grew its stake in Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after buying an additional 8,364,375 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LRCX. Mizuho raised their price target on Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. The Goldman Sachs Group began coverage on Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 price target on the stock. TD Securities dropped their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft set a $70.00 price target on Lam Research and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Wells Fargo & Company set a $98.00 target price on Lam Research and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Twenty 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $107.30.

Lam Research Price Performance

Shares of LRCX traded up $1.67 during mid-day trading 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 current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $98.41 and a 200 day simple moving average of $84.59. The firm has a market capitalization of $126.66 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.28 and a beta of 1.65. 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 posted 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 business had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's quarterly revenue was up 33.6% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. 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.

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.