Oak Harvest Investment Services Takes Position in Lam Research Corporation $LRCX

Key Points

• Oak Harvest Investment Services acquired a new stake of 4,780 shares in Lam Research Corporation, valued at approximately $348,000 during the first quarter.
• Wall Street analysts have projected positive growth for Lam Research, raising target prices and maintaining a consensus rating of "Moderate Buy" with an average target of $107.30.
• Lam Research's recent quarterly earnings report showed a **33.6%** increase in revenue year-over-year, with an earnings per share (EPS) of **$1.33**, exceeding expectations by **$0.12**.

Oak Harvest Investment Services bought a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,780 shares of the semiconductor company's stock, valued at approximately $348,000.

Other large investors have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC acquired a new stake in Lam Research during the first quarter worth approximately $26,000. West Paces Advisors Inc. bought a new position in shares of Lam Research in the fourth quarter worth $27,000. Mpwm Advisory Solutions LLC bought a new position in shares of Lam Research in the fourth quarter worth $27,000. Park Square Financial Group LLC bought a new position in shares of Lam Research in the fourth quarter worth $31,000. Finally, Putney Financial Group LLC bought a new position in shares of Lam Research in the fourth quarter worth $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

LRCX has been the topic of a number of recent analyst reports. Argus raised their price target on Lam Research from $105.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. TD Cowen raised their price target on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Summit Insights cut Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. UBS Group upped their target price on Lam Research from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Oppenheimer upped their target price on Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $107.30.

Lam Research Stock Up 1.7%

Shares of LRCX opened at $100.08 on Friday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $108.02. The stock has a market capitalization of $126.66 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.30 and a beta of 1.65. 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 fifty day moving average of $98.41 and a 200-day moving average of $84.61.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating 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 period in the prior year, the company earned $1.03 EPS. Lam Research'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, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

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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