Steward Partners Investment Advisory LLC Buys 4,569 Shares of Lam Research Corporation $LRCX

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Lam Research Corporation by 7.2%, acquiring an additional 4,569 shares for a total of 67,647 shares valued at approximately $4.92 million.
• Multiple brokerages have upgraded Lam Research's stock ratings, with 20 analysts rating it as a Buy and increasing their price targets to around $115.
• In Q2, Lam Research reported an earnings per share of $1.33, exceeding estimates, with a revenue of $5.17 billion, reflecting a 33.6% year-over-year growth.

Steward Partners Investment Advisory LLC raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,647 shares of the semiconductor company's stock after purchasing an additional 4,569 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Lam Research were worth $4,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after acquiring an additional 8,364,375 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock valued at $2,495,128,000 after buying an additional 31,255,726 shares during the last quarter. Invesco Ltd. raised its holdings in Lam Research by 2.8% during the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after buying an additional 472,636 shares during the last quarter. Northern Trust Corp raised its holdings in Lam Research by 1,067.0% during the 4th quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock valued at $1,146,235,000 after buying an additional 14,509,407 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Lam Research by 6,383.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,574,691 shares of the semiconductor company's stock valued at $980,500,000 after buying an additional 13,365,317 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Up 1.7%

LRCX stock traded up $1.67 during trading on Friday, hitting $100.08. 9,687,561 shares of the stock traded hands, compared to its average volume of 12,639,810. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The firm's 50 day moving average is $98.41 and its two-hundred day moving average is $84.61. The stock has a market cap of $126.66 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 1.30 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 data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $5.17 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on LRCX shares. UBS Group boosted their price objective on shares of Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Cantor Fitzgerald boosted their price objective on shares of Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday. Barclays set a $83.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research report on Monday, July 28th. Wells Fargo & Company set a $98.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC upped their target price on shares of Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Lam Research 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.