Lam Research Corporation $LRCX Stock Holdings Lifted by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its holdings in Lam Research Corporation by 721.7% during the first quarter, acquiring an additional 873,656 shares and now owning approximately 0.08% of the company valued at $72.3 million.
• Several brokerages have raised their target prices for Lam Research stock, with Oppenheimer setting a target of $120 and UBS Group also raising to $120, indicating strong analyst confidence in the company.
• Lam Research reported earnings of $1.33 per share for the last quarter, surpassing expectations and showing a significant 33.6% increase in quarterly revenue compared to the previous year.

Caisse DE Depot ET Placement DU Quebec lifted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 721.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 994,716 shares of the semiconductor company's stock after buying an additional 873,656 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of Lam Research worth $72,316,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Soros Capital Management LLC bought a new position in shares of Lam Research in the 1st quarter worth about $3,440,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in Lam Research by 314.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,625 shares of the semiconductor company's stock valued at $1,209,000 after purchasing an additional 12,612 shares during the last quarter. Comerica Bank bought a new stake in Lam Research in the 1st quarter valued at about $18,041,000. Oak Harvest Investment Services bought a new stake in Lam Research in the 1st quarter valued at about $348,000. Finally, ICONIQ Capital LLC lifted its position in Lam Research by 24.6% in the 1st quarter. ICONIQ Capital LLC now owns 12,052 shares of the semiconductor company's stock valued at $876,000 after purchasing an additional 2,381 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LRCX. Morgan Stanley lifted their price objective 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. Oppenheimer raised their target price on shares of Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Raymond James Financial raised their target price on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. KeyCorp raised their target price 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. Finally, UBS Group raised their target price on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Twenty investment 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.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $107.30.

Lam Research Stock Performance

Lam Research stock opened at $101.28 on Tuesday. The firm's 50 day simple moving average is $98.57 and its 200-day simple moving average is $84.75. The company has a market cap of $128.18 billion, a P/E ratio of 24.35, 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 current ratio of 2.21 and a quick ratio of 1.55. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week 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 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same period last year, the firm posted $1.03 earnings per share. The firm's quarterly revenue was up 33.6% compared to the same quarter last year. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts predict that Lam Research Corporation will post 3.71 EPS 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.

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