Lam Research Corporation $LRCX Stake Reduced by Kestra Advisory Services LLC

Key Points

• Kestra Advisory Services LLC has reduced its stake in Lam Research Corporation by 5.0% during the first quarter, now holding 140,467 shares valued at approximately $10.2 million.
• Analysts are optimistic about Lam Research as various firms have raised their price targets, with the consensus rating being a "Moderate Buy" and an average price target of $107.30.
• Lam Research reported a significant year-on-year revenue increase of 33.6% for the last quarter, achieving earnings per share of $1.33, which surpassed analysts' expectations.

Kestra Advisory Services LLC cut its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,467 shares of the semiconductor company's stock after selling 7,437 shares during the quarter. Kestra Advisory Services LLC's holdings in Lam Research were worth $10,212,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Meridian Wealth Management LLC raised its position in Lam Research by 1.4% in the first quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock worth $707,000 after acquiring an additional 130 shares in the last quarter. GW&K Investment Management LLC raised its position in Lam Research by 10.1% in the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock worth $112,000 after acquiring an additional 141 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Lam Research by 1.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock worth $909,000 after acquiring an additional 146 shares in the last quarter. Citizens National Bank Trust Department raised its position in Lam Research by 34.0% in the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 153 shares in the last quarter. Finally, Progressive Investment Management Corp raised its position in Lam Research by 0.4% in the first quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock worth $3,096,000 after acquiring an additional 156 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on LRCX shares. Cantor Fitzgerald boosted their price objective on Lam Research from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday. KeyCorp boosted their price objective on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Morgan Stanley boosted their price objective on Lam Research from $87.00 to $94.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Barclays set a $83.00 price objective on Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Finally, Erste Group Bank started coverage on Lam Research in a report on Thursday, August 14th. They set a "buy" rating on the stock. Twenty analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $107.30.

Lam Research Price Performance

Shares of LRCX opened at $100.08 on Friday. The company has a market capitalization of $126.66 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 1.30 and a beta of 1.65. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. 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 business's 50-day moving average is $98.41 and its 200-day moving average is $84.61.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results 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 company had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

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.

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