3,286 Shares in Lam Research Corporation $LRCX Purchased by Strategies Wealth Advisors LLC

Key Points

• Strategies Wealth Advisors LLC acquired a new stake in Lam Research Corporation, purchasing 3,286 shares valued at approximately $239,000.
• Institutional investors collectively own 84.61% of Lam Research's stock, indicating strong institutional interest and confidence in the company.
• Lam Research reported a significant year-over-year revenue increase of 33.6%, with earnings per share exceeding estimates at $1.33 compared to the forecast of $1.21.

Strategies Wealth Advisors LLC bought a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,286 shares of the semiconductor company's stock, valued at approximately $239,000.

Several other hedge funds have also made changes to their positions in LRCX. Brighton Jones LLC boosted its holdings 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 during the last quarter. MML Investors Services LLC boosted its holdings in Lam Research by 986.5% in the fourth quarter. MML Investors Services LLC now owns 79,926 shares of the semiconductor company's stock valued at $5,773,000 after acquiring an additional 72,570 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Lam Research by 793.5% in the fourth quarter. OneDigital Investment Advisors LLC now owns 10,624 shares of the semiconductor company's stock valued at $767,000 after acquiring an additional 9,435 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Lam Research by 305.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,874,358 shares of the semiconductor company's stock valued at $207,615,000 after acquiring an additional 2,165,218 shares during the last quarter. Finally, MGO One Seven LLC acquired a new position in Lam Research in the fourth quarter valued at $1,144,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Analysts Set New Price Targets

LRCX has been the topic of a number of research analyst reports. Raymond James Financial lifted their target price on Lam Research from $90.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. B. Riley reiterated a "buy" rating and issued a $115.00 target price (up previously from $95.00) on shares of Lam Research in a report on Wednesday, June 18th. TD Cowen raised their price objective on Lam Research from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. UBS Group raised their price objective on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Citigroup raised their price objective on Lam Research from $108.00 to $113.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $107.30.

Lam Research Stock Up 1.2%

Shares of NASDAQ LRCX traded up $1.20 during midday trading on Monday, reaching $101.28. 5,435,192 shares of the company's stock were exchanged, 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 stock has a market capitalization of $128.18 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 1.29 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 business's fifty day moving average price is $98.57 and its two-hundred day moving average price is $84.75.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) 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 business 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 company earned $1.03 earnings per share. The company'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 forecast that Lam Research Corporation will post 3.71 EPS for the current year.

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.