American Century Companies Inc. Raises Stock Holdings in Lam Research Corporation $LRCX

Key Points

• American Century Companies Inc. increased its stake in Lam Research Corporation by 25.3%, owning 1,637,458 shares worth approximately $119 million as of their latest SEC filing.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, exceeding estimates and showing a revenue increase of 33.6% year-over-year.
• The stock has seen a recent decline of 7.3%, with a current price around $99.51, while analysts have a consensus rating of "Moderate Buy" and a price target of around $107.09.

American Century Companies Inc. grew its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 25.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,637,458 shares of the semiconductor company's stock after buying an additional 330,629 shares during the quarter. American Century Companies Inc. owned 0.13% of Lam Research worth $119,043,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Lam Research by 39.8% in the first quarter. EverSource Wealth Advisors LLC now owns 5,916 shares of the semiconductor company's stock worth $430,000 after purchasing an additional 1,685 shares in the last quarter. Horizon Investments LLC grew its stake in shares of Lam Research by 110.6% in the first quarter. Horizon Investments LLC now owns 48,734 shares of the semiconductor company's stock valued at $3,543,000 after acquiring an additional 25,593 shares in the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Lam Research by 70.1% in the first quarter. Kovitz Investment Group Partners LLC now owns 2,378,223 shares of the semiconductor company's stock valued at $172,897,000 after acquiring an additional 979,708 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Lam Research in the first quarter valued at about $607,000. Finally, OneAscent Investment Solutions LLC acquired a new stake in Lam Research during the first quarter worth about $245,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Ratings Changes

LRCX has been the subject of a number of research reports. Raymond James Financial raised their price objective on shares of Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $115.00 price objective (up previously from $90.00) on shares of Lam Research in a research report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft set a $70.00 price target on shares of Lam Research and gave the company a "hold" rating in a research report on Thursday, April 24th. Summit Insights downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company set a $98.00 price target on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and an average price target of $107.09.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded up $1.4570 during mid-day trading on Tuesday, reaching $100.3370. 6,844,795 shares of the company's stock were exchanged, compared to its average volume of 12,010,295. The firm has a market capitalization of $126.99 billion, a price-to-earnings ratio of 24.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.65. Lam Research Corporation has a 52 week low of $56.32 and a 52 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 firm has a 50-day moving average price of $97.71 and a two-hundred day moving average price of $84.11.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same period in the previous year, the business posted $1.03 EPS. The business's revenue for the quarter 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. Analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Company 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.