Wellington Management Group LLP Boosts Holdings in Lam Research Corporation $LRCX

Wellington Management Group LLP lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.4% in the first quarter, Holdings Channel reports. The institutional investor owned 2,278,467 shares of the semiconductor company’s stock after acquiring an additional 286,749 shares during the quarter. Wellington Management Group LLP’s holdings in Lam Research were worth $165,645,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Pinnacle Financial Partners Inc acquired a new stake in Lam Research during the first quarter worth $201,000. B. Riley Wealth Advisors Inc. purchased a new stake in Lam Research in the 4th quarter valued at about $6,296,000. China Universal Asset Management Co. Ltd. lifted its position in Lam Research by 27.1% in the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company’s stock valued at $3,607,000 after buying an additional 10,565 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in Lam Research during the first quarter worth about $607,000. Finally, First Citizens Bank & Trust Co. increased its position in shares of Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company’s stock valued at $8,862,000 after acquiring an additional 39,414 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ:LRCX opened at $99.15 on Thursday. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $108.02. The company has a fifty day simple moving average of $98.06 and a two-hundred day simple moving average of $84.32. 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 company has a market cap of $125.49 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 1.30 and a beta of 1.65.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.99 billion. During the same period last year, the business posted $1.03 earnings per share. Lam Research’s revenue 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. As a group, equities analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Morgan Stanley lifted their target price on shares of Lam Research from $87.00 to $94.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Evercore ISI upped their price target on Lam Research from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. Citigroup raised their price target on Lam Research from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft set a $70.00 price objective on Lam Research and gave the company a “hold” rating in a research note on Thursday, April 24th. Twenty analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price 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.