Venture Visionary Partners LLC Decreases Stock Holdings in Lam Research Corporation $LRCX

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Venture Visionary Partners LLC reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 64.2% in the first quarter, according to its most recent filing with the SEC. The fund owned 96,685 shares of the semiconductor company's stock after selling 173,559 shares during the period. Venture Visionary Partners LLC's holdings in Lam Research were worth $7,029,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LRCX. Ameriprise Financial Inc. raised its position in Lam Research by 950.5% in the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company's stock worth $2,495,128,000 after purchasing an additional 31,255,726 shares during the period. Northern Trust Corp raised its position in Lam Research by 1,067.0% in the 4th quarter. Northern Trust Corp now owns 15,869,244 shares of the semiconductor company's stock worth $1,146,235,000 after purchasing an additional 14,509,407 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Lam Research by 6,383.5% in 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 worth $980,500,000 after purchasing an additional 13,365,317 shares during the period. Janus Henderson Group PLC purchased a new position in Lam Research in the 4th quarter worth $792,161,000. Finally, Vanguard Group Inc. raised its position in 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 purchasing an additional 8,364,375 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Up 1.7%

NASDAQ:LRCX traded up $1.67 during mid-day trading on Friday, hitting $100.08. 9,681,970 shares of the company's stock were exchanged, compared to its average volume of 12,032,033. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55. The business has a fifty day moving average price of $98.20 and a 200 day moving average price of $84.45. The company has a market cap of $126.66 billion, a PE ratio of 24.06, a P/E/G ratio of 1.29 and a beta of 1.65.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The firm 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%. The business's revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on LRCX. Oppenheimer lifted their target price on shares of Lam Research from $110.00 to $120.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Argus boosted their price objective on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. The Goldman Sachs Group initiated coverage on shares of Lam Research in a research report on Thursday, July 10th. They issued a "buy" rating and a $115.00 price objective on the stock. Evercore ISI boosted their price objective on shares of Lam Research from $95.00 to $99.00 and gave the company an "outperform" rating in a research report on Thursday, April 24th. Finally, Erste Group Bank initiated coverage on shares of Lam Research in a research report on Thursday, August 14th. They issued a "buy" rating on the stock. Twenty research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average 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.