Aberdeen Group plc Decreases Stock Position in Lam Research Corporation $LRCX

Key Points

• Aberdeen Group plc reduced its stake in Lam Research Corporation by 27.6%, selling 362,569 shares during the first quarter, leaving them with approximately 952,469 shares valued at $67.89 million.
• Analyst ratings for Lam Research indicate strong support, with twenty analysts rating the stock as a buy and a consensus target price of $107.09.
• In its latest financial results, Lam Research reported a 33.6% year-over-year increase in revenue, totaling $5.17 billion, and exceeded EPS expectations with reported earnings of $1.33.

Aberdeen Group plc cut its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 27.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 952,469 shares of the semiconductor company's stock after selling 362,569 shares during the period. Aberdeen Group plc owned 0.07% of Lam Research worth $67,892,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Horizon Investments LLC increased its position in shares of Lam Research by 110.6% during the first quarter. Horizon Investments LLC now owns 48,734 shares of the semiconductor company's stock worth $3,543,000 after acquiring an additional 25,593 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its position in shares of Lam Research by 70.1% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 2,378,223 shares of the semiconductor company's stock valued at $172,897,000 after buying an additional 979,708 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new position in Lam Research during the first quarter worth about $607,000. OneAscent Investment Solutions LLC purchased a new position in Lam Research in the 1st quarter valued at approximately $245,000. Finally, Harfst & Associates Inc. grew its position in shares of Lam Research by 2.1% in the first quarter. Harfst & Associates Inc. now owns 27,423 shares of the semiconductor company's stock valued at $1,994,000 after purchasing an additional 570 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

LRCX traded down $1.18 during midday trading on Wednesday, reaching $99.15. The company had a trading volume of 14,284,823 shares, compared to its average volume of 12,444,622. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The company has a market cap of $125.49 billion, a P/E ratio of 23.83, a P/E/G ratio of 1.30 and a beta of 1.65. The business has a 50-day moving average of $98.06 and a two-hundred day moving average of $84.32. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The company's revenue was up 33.6% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of analyst reports. UBS Group upped their target price on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Wells Fargo & Company set a $98.00 target price on Lam Research and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Cantor Fitzgerald reissued an "overweight" rating and issued a $115.00 target price (up previously from $90.00) on shares of Lam Research in a research note on Tuesday, June 24th. Evercore ISI raised their target price on Lam Research from $95.00 to $99.00 and gave the stock an "outperform" rating in a research note on Thursday, April 24th. Finally, Oppenheimer raised their target price on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $107.09.

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.