MIG Capital LLC Invests $618,000 in Lam Research Corporation $LRCX

Key Points

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MIG Capital LLC purchased a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,496 shares of the semiconductor company's stock, valued at approximately $618,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LRCX. Ameriprise Financial Inc. raised its stake in Lam Research by 950.5% in the fourth quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after purchasing an additional 31,255,726 shares in the last quarter. Northern Trust Corp raised its stake in Lam Research by 1,067.0% in the fourth quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock valued at $1,146,235,000 after purchasing an additional 14,509,407 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Lam Research by 6,383.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after purchasing an additional 13,365,317 shares in the last quarter. Janus Henderson Group PLC bought a new position in Lam Research during the fourth quarter valued at approximately $792,161,000. Finally, Vanguard Group Inc. grew its position in Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock valued at $9,389,358,000 after acquiring an additional 8,364,375 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Lam Research Stock Up 1.7%

Lam Research stock traded up $1.6530 on Friday, hitting $100.0630. 6,320,088 shares of the stock traded hands, compared to its average volume of 12,009,846. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The firm has a market cap of $126.64 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 1.29 and a beta of 1.65. The business's fifty day simple moving average is $98.20 and its 200 day simple moving average is $84.45. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, sell-side analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LRCX. B. Riley restated a "buy" rating and issued a $115.00 target price (up previously from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. KeyCorp raised their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Summit Insights cut shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Twenty 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 an average price target of $107.30.

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.