Northwest & Ethical Investments L.P. Sells 16,200 Shares of Lam Research Corporation $LRCX

Key Points

• Northwest & Ethical Investments L.P. reduced its stake in Lam Research Corporation by 34.0%, bringing its total shares to 31,470, valued at approximately $2.29 million.
• Lam Research reported a significant earnings growth with an EPS of $1.33, surpassing estimates, and a revenue increase of 33.6% year-over-year.
• Equities analysts have boosted their price targets for Lam Research, with Oppenheimer setting a new target at $120.00 and a consensus target of $107.09, indicating strong market optimism.

Northwest & Ethical Investments L.P. trimmed its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 34.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,470 shares of the semiconductor company's stock after selling 16,200 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in Lam Research were worth $2,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Brighton Jones LLC grew its holdings in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 12,936 shares in the last quarter. Capital International Investors grew its holdings in Lam Research by 899.2% in the 4th quarter. Capital International Investors now owns 120,040 shares of the semiconductor company's stock valued at $8,670,000 after buying an additional 108,026 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of Lam Research during the 4th quarter worth $464,000. Freedom Investment Management Inc. acquired a new stake in shares of Lam Research during the 4th quarter worth $451,000. Finally, Forum Financial Management LP grew its holdings in shares of Lam Research by 1,658.8% during the 4th quarter. Forum Financial Management LP now owns 5,417 shares of the semiconductor company's stock worth $391,000 after purchasing an additional 5,109 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Down 1.2%

Lam Research stock traded down $1.18 during trading hours on Wednesday, hitting $99.15. The stock had a trading volume of 14,283,959 shares, compared to its average volume of 12,056,390. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The stock has a market cap of $125.49 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 1.28 and a beta of 1.65. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02. The business's 50 day simple moving average is $97.90 and its 200-day simple moving average is $84.22.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results 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 firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The business's quarterly revenue was up 33.6% on a year-over-year basis. During the same period last year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Analysts Set New Price Targets

LRCX has been the topic of several analyst reports. UBS Group increased their target price on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Monday, July 21st. KeyCorp increased their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Morgan Stanley increased their target price on Lam Research from $87.00 to $94.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Argus increased their target price on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Barclays set a $83.00 target price on Lam Research and gave the stock an "equal weight" rating in a report on Monday, July 28th. Twenty equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus price target of $107.09.

About Lam Research

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.