Price T Rowe Associates Inc. MD Boosts Stake in Lam Research Corporation $LRCX

Key Points

• Price T Rowe Associates Inc. MD significantly increased its stake in Lam Research Corporation by 99.7%, now owning 5,739,221 shares valued at approximately $417.2 million.
• Other institutions, including Ameriprise Financial and Northern Trust Corp, also made substantial investments, with Ameriprise increasing its holdings by 950.5% during the fourth quarter.
• Lam Research's latest earnings report showed an earnings per share (EPS) of $1.33, exceeding analysts' expectations and marking a year-over-year revenue increase of 33.6%.

Price T Rowe Associates Inc. MD raised its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 99.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,739,221 shares of the semiconductor company's stock after acquiring an additional 2,864,863 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.45% of Lam Research worth $417,242,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares in the last quarter. MML Investors Services LLC boosted its stake in shares of Lam Research by 986.5% during the 4th quarter. MML Investors Services LLC now owns 79,926 shares of the semiconductor company's stock worth $5,773,000 after buying an additional 72,570 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of Lam Research by 793.5% during the 4th quarter. OneDigital Investment Advisors LLC now owns 10,624 shares of the semiconductor company's stock worth $767,000 after purchasing an additional 9,435 shares during the last quarter. MGO One Seven LLC acquired a new position in shares of Lam Research during the 4th quarter worth about $1,144,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of Lam Research by 1,370.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 147,280 shares of the semiconductor company's stock worth $10,639,000 after purchasing an additional 137,262 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

Shares of Lam Research stock traded up $1.20 on Monday, reaching $101.28. 5,435,192 shares of the company traded hands, compared to its average volume of 12,678,572. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $108.02. The company has a 50 day moving average of $98.57 and a 200 day moving average of $84.75. The firm has a market capitalization of $128.18 billion, a PE ratio of 24.35, a PEG ratio of 1.29 and a beta of 1.65. 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 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. The company had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's revenue was up 33.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on LRCX shares. Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. TD Cowen upped their price target on shares of Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. UBS Group increased their price objective on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Cantor Fitzgerald upped their price target on shares of Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Erste Group Bank started coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a "buy" rating for the company. Twenty investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus 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.