Lansforsakringar Fondforvaltning AB publ Has $31.11 Million Position in Lam Research Corporation $LRCX

Key Points

• Lansforsakringar Fondforvaltning AB has decreased its stake in Lam Research Corporation (LRCX) by 2.0%, selling 8,816 shares and owning a total of 427,926 shares worth approximately $31.1 million.
• Lam Research received multiple upgrades from analysts, with price targets raised by firms such as Citigroup and Mizuho, indicating a consensus average price target of $107.30 and a "Moderate Buy" rating.
• The company reported a quarterly revenue of $5.17 billion, exceeding estimates by $180 million, with a year-over-year increase of 33.6%.

Lansforsakringar Fondforvaltning AB publ reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 2.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 427,926 shares of the semiconductor company's stock after selling 8,816 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Lam Research were worth $31,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pinnacle Financial Partners Inc bought a new position in Lam Research during the first quarter valued at approximately $201,000. B. Riley Wealth Advisors Inc. bought a new stake in Lam Research in the fourth quarter worth approximately $6,296,000. China Universal Asset Management Co. Ltd. increased its stake in shares of Lam Research by 27.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares during the last quarter. Cookson Peirce & Co. Inc. bought a new position in shares of Lam Research during the 1st quarter valued at $607,000. Finally, First Citizens Bank & Trust Co. lifted its stake in shares of Lam Research by 47.8% in the 1st quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after purchasing an additional 39,414 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LRCX. UBS Group lifted their price objective 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. Stifel Nicolaus lifted their price objective on shares of Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Mizuho lifted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. KeyCorp lifted their price objective 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, Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Twenty equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $107.30.

Lam Research Stock Performance

NASDAQ LRCX traded down $3.94 during trading on Friday, hitting $100.15. The company's stock had a trading volume of 12,177,963 shares, compared to its average volume of 11,487,494. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $108.02. The firm has a market cap of $126.75 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.65. The firm has a 50 day moving average price of $99.45 and a 200 day moving average price of $85.29. 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 announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter last year, the company posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. This is a boost from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is 22.12%.

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.