State of New Jersey Common Pension Fund D Has $32.01 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Lam Research Corporation by 7.7%, owning 440,313 shares valued at approximately $32 million after selling 36,908 shares in the first quarter.
• Several large investors have increased their positions in Lam Research, with Ameriprise Financial boosting their holdings by an astounding 950.5% in the fourth quarter, now owning about 34.5 million shares worth $2.5 billion.
• Lam Research shares recently opened at $99.51 and have experienced a 7.3% decline, despite reporting a quarterly earnings per share of $1.33, which exceeded analyst estimates of $1.21.

State of New Jersey Common Pension Fund D reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 440,313 shares of the semiconductor company's stock after selling 36,908 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Lam Research were worth $32,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new stake in Lam Research during the 1st quarter worth about $26,000. West Paces Advisors Inc. bought a new stake in Lam Research during the 4th quarter worth about $27,000. Mpwm Advisory Solutions LLC bought a new stake in Lam Research during the 4th quarter worth about $27,000. Park Square Financial Group LLC bought a new stake in Lam Research during the 4th quarter worth about $31,000. Finally, Putney Financial Group LLC bought a new stake in shares of Lam Research in the 4th quarter valued at about $36,000. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Up 1.3%

Shares of LRCX traded up $1.27 on Tuesday, hitting $100.15. The company's stock had a trading volume of 6,844,795 shares, compared to its average volume of 12,010,295. 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 quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The firm's fifty day moving average price is $97.71 and its 200-day moving average price is $84.11. The firm has a market capitalization of $126.75 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 1.29 and a beta of 1.65.

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

Analysts Set New Price Targets

LRCX has been the subject of a number of recent analyst reports. TD Securities lowered their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Evercore ISI upped their price target on Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research note on Thursday, April 24th. Oppenheimer upped their price target on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft set a $70.00 price target on Lam Research and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, Erste Group Bank initiated coverage on Lam Research in a research note on Thursday, August 14th. They issued a "buy" rating for the company. Twenty investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.