Northern Trust Corp Reduces Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Northern Trust Corp reduced its holdings in Lam Research Corporation by 6.3%, selling 991,989 shares, resulting in ownership of approximately $1.08 billion at the end of the reporting period.
• Lam Research's quarterly earnings surpassed expectations, reporting $1.33 EPS against an estimate of $1.21, and revenue of $5.17 billion compared to $4.99 billion expected.
• Several research analysts have recently upgraded their price targets for Lam Research, with a current average target price of $107.09 and a consensus rating of "Moderate Buy."

Northern Trust Corp trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,877,255 shares of the semiconductor company's stock after selling 991,989 shares during the quarter. Northern Trust Corp owned 1.16% of Lam Research worth $1,081,576,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Lam Research by 6.9% in 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. Ameriprise Financial Inc. boosted its holdings in shares of Lam Research by 950.5% in 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. Invesco Ltd. boosted its holdings in shares of Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock worth $1,259,947,000 after buying an additional 472,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Lam Research by 6,383.5% in 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. Finally, Janus Henderson Group PLC purchased a new stake in Lam Research during the fourth quarter valued at about $792,161,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. The Goldman Sachs Group initiated coverage on shares of Lam Research in a report on Thursday, July 10th. They set a "buy" rating and a $115.00 price objective on the stock. B. Riley reiterated a "buy" rating and set a $115.00 price target (up from $95.00) on shares of Lam Research in a research report on Wednesday, June 18th. Evercore ISI upped their price target on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, UBS Group upped their price objective on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Twenty investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $107.09.

Lam Research Price Performance

LRCX traded down $1.18 during midday trading on Wednesday, hitting $99.15. The stock had a trading volume of 14,284,823 shares, compared to its average volume of 12,056,422. The company has a market cap of $125.49 billion, a P/E ratio of 23.83, a price-to-earnings-growth 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. 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 business has a fifty day moving average of $97.90 and a 200 day moving average of $84.22.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts forecast that Lam Research Corporation will post 3.71 earnings per share 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.