Northwestern Mutual Wealth Management Co. Has $49.48 Million Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Northwestern Mutual Wealth Management Co. increased its holdings in Lam Research Corporation by 8.2%, owning 680,572 shares valued at approximately $49.48 million as of the latest SEC filing.
• Lam Research reported earnings per share (EPS) of $1.33 for the last quarter, exceeding analysts' estimates of $1.21, which reflects a 33.6% increase in revenue year-over-year.
• Analysts have a consensus rating of "Moderate Buy" for Lam Research’s stock, with a target price averaging $107.30.

Northwestern Mutual Wealth Management Co. boosted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 680,572 shares of the semiconductor company's stock after buying an additional 51,862 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.05% of Lam Research worth $49,478,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Meridian Wealth Management LLC grew its stake in Lam Research by 1.4% in the 1st quarter. Meridian Wealth Management LLC now owns 9,732 shares of the semiconductor company's stock valued at $707,000 after buying an additional 130 shares during the last quarter. GW&K Investment Management LLC grew its position in shares of Lam Research by 10.1% in the first quarter. GW&K Investment Management LLC now owns 1,534 shares of the semiconductor company's stock valued at $112,000 after purchasing an additional 141 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of Lam Research by 1.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 12,498 shares of the semiconductor company's stock valued at $909,000 after purchasing an additional 146 shares during the last quarter. Citizens National Bank Trust Department grew its position in shares of Lam Research by 34.0% in the first quarter. Citizens National Bank Trust Department now owns 603 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 153 shares during the last quarter. Finally, Progressive Investment Management Corp grew its position in shares of Lam Research by 0.4% in the first quarter. Progressive Investment Management Corp now owns 42,581 shares of the semiconductor company's stock valued at $3,096,000 after purchasing an additional 156 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Up 1.7%

LRCX opened at $100.08 on Friday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The firm's fifty day moving average price is $98.41 and its two-hundred day moving average price is $84.61. The company has a market capitalization of $126.66 billion, a P/E ratio of 24.06, a P/E/G ratio of 1.30 and a beta of 1.65.

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 firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The business'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. On average, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on LRCX shares. Summit Insights lowered Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. UBS Group raised their price objective on shares of Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Erste Group Bank began coverage on shares of Lam Research in a research note on Thursday, August 14th. They issued a "buy" rating on the stock. Argus raised their price objective on shares of Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, TD Cowen raised their price target on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research report 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 stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.

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