Norinchukin Bank The Buys 30,894 Shares of Lam Research Corporation $LRCX

Key Points

• Norinchukin Bank The increased its stake in Lam Research Corporation by 43.6%, acquiring an additional 30,894 shares, bringing its total holdings to 101,729 shares valued at approximately $7.4 million.
• Lam Research reported strong quarterly results, with an EPS of $1.33, exceeding analyst expectations and showing a revenue increase of 33.6% year-over-year.
• Despite positive performance, various analysts have different ratings and price targets for Lam Research, with consensus indicating a "Moderate Buy" and an average target price of $107.09.

Norinchukin Bank The lifted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 43.6% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 101,729 shares of the semiconductor company's stock after purchasing an additional 30,894 shares during the period. Norinchukin Bank The's holdings in Lam Research were worth $7,396,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Lam Research in the 1st quarter worth approximately $26,000. West Paces Advisors Inc. purchased a new stake in shares of Lam Research in the 4th quarter worth approximately $27,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Lam Research in the 4th quarter worth approximately $27,000. Park Square Financial Group LLC purchased a new stake in shares of Lam Research in the 4th quarter worth approximately $31,000. Finally, Putney Financial Group LLC purchased a new stake in shares of Lam Research in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of LRCX opened at $99.15 on Thursday. The stock has a 50-day moving average of $98.06 and a two-hundred day moving average of $84.32. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The stock 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.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm's 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, research analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LRCX. Deutsche Bank Aktiengesellschaft set a $70.00 price target on shares of Lam Research and gave the stock a "hold" rating in a research report on Thursday, April 24th. Barclays set a $83.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Mizuho boosted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Needham & Company LLC boosted their price objective on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research has an average rating of "Moderate Buy" and a consensus target price 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.

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