Panagora Asset Management Inc. Has $59.70 Million Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Panagora Asset Management Inc. significantly reduced its stake in Lam Research by 63.8%, holding approximately $59.7 million worth of shares after selling over 1.4 million shares in the first quarter.
• Recent analyst ratings show a mix of upgrades and downgrades for Lam Research, with the average price target now at $107.30 and a current rating of Moderate Buy.
• Lam Research reported a 33.6% year-over-year increase in revenue for its latest quarter, posting earnings of $1.33 per share, surpassing analysts' expectations.

Panagora Asset Management Inc. reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 63.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 821,117 shares of the semiconductor company's stock after selling 1,449,860 shares during the period. Panagora Asset Management Inc. owned approximately 0.06% of Lam Research worth $59,695,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC purchased a new position in Lam Research in the first quarter valued at about $26,000. West Paces Advisors Inc. purchased a new position in Lam Research in the 4th quarter valued at approximately $27,000. Mpwm Advisory Solutions LLC acquired a new position in Lam Research during the fourth quarter worth $27,000. Park Square Financial Group LLC purchased a new stake in Lam Research during the fourth quarter worth $31,000. Finally, Putney Financial Group LLC acquired a new stake in Lam Research in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

LRCX has been the topic of several recent research reports. Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, July 31st. Wall Street Zen raised shares of Lam Research from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. TD Cowen raised their price objective on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Needham & Company LLC upped their target price on Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Erste Group Bank began coverage on Lam Research in a report on Thursday, August 14th. They set a "buy" rating on the stock. Twenty equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $107.22.

Lam Research Stock Performance

LRCX stock traded down $3.12 during trading hours on Tuesday, reaching $97.03. The stock had a trading volume of 14,684,004 shares, compared to its average volume of 11,951,724. The stock has a 50-day simple moving average of $99.62 and a 200 day simple moving average of $85.43. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. The stock has a market capitalization of $122.80 billion, a PE ratio of 23.32, a price-to-earnings-growth ratio of 1.29 and a beta of 1.76. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The company had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the previous year, the business earned $1.03 EPS. Lam Research's revenue for the quarter 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. Analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is 25.00%.

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.