Price T Rowe Associates Inc. MD Increases Stock Position in Lam Research Corporation $LRCX

Price T Rowe Associates Inc. MD raised its holdings in Lam Research Corporation (NASDAQ:LRCX) by 99.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,739,221 shares of the semiconductor company’s stock after purchasing an additional 2,864,863 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.45% of Lam Research worth $417,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its stake in shares of Lam Research by 950.5% during the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company’s stock worth $2,495,128,000 after acquiring an additional 31,255,726 shares in the last quarter. Northern Trust Corp boosted its stake in shares of 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 worth $1,146,235,000 after acquiring an additional 14,509,407 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of 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 worth $980,500,000 after acquiring an additional 13,365,317 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Lam Research during the 4th quarter worth approximately $792,161,000. Finally, Vanguard Group Inc. boosted its stake in shares of Lam Research by 6.9% during 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 in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Trading Up 1.7%

Shares of Lam Research stock opened at $100.08 on Friday. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $108.02. The firm has a market cap of $126.66 billion, a PE ratio of 24.06, a P/E/G ratio of 1.28 and a beta of 1.65. The business’s fifty day moving average is $98.41 and its two-hundred day moving average is $84.59. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 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 during the quarter, compared to the consensus estimate of $4.99 billion. During the same period in the prior year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Argus boosted their price target on Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Morgan Stanley upped their target price on Lam Research from $87.00 to $94.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Oppenheimer upped their target price on Lam Research from $110.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Finally, Raymond James Financial upped their target price on Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $107.30.

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.