Convergence Investment Partners LLC raised its position in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 5.5% during the fourth quarter, HoldingsChannel reports. The firm owned 39,274 shares of the semiconductor company’s stock after purchasing an additional 2,059 shares during the period. Lam Research makes up approximately 1.3% of Convergence Investment Partners LLC’s holdings, making the stock its 9th biggest holding. Convergence Investment Partners LLC’s holdings in Lam Research were worth $6,723,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Lam Research by 0.3% in the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after buying an additional 364,949 shares during the period. State Street Corp increased its holdings in shares of Lam Research by 0.4% in the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after buying an additional 265,805 shares during the period. Invesco Ltd. increased its holdings in shares of Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after buying an additional 3,263,658 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock worth $1,518,542,000 after buying an additional 10,053,978 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Lam Research by 1.9% in the third quarter. Legal & General Group Plc now owns 11,088,344 shares of the semiconductor company’s stock worth $1,484,729,000 after buying an additional 208,670 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.
Insider Activity at Lam Research
In related news, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. The trade was a 4.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. This represents a 21.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 120,066 shares of company stock worth $27,953,242 in the last 90 days. Company insiders own 0.31% of the company’s stock.
More Lam Research News
- Positive Sentiment: Lam Research is benefiting from AI-driven demand for semiconductor manufacturing equipment, with reports citing record quarterly revenue and EPS, along with expanding margins. Lam Research Rides AI Boom With Record Results And Margin Expansion
- Positive Sentiment: Management reportedly lifted its outlook for wafer fabrication equipment spending and advanced packaging revenue, reinforcing expectations for continued growth tied to AI infrastructure. Why Lam Research (LRCX) Is Levered to AI-Driven Wafer Fab and Packaging Spending
- Positive Sentiment: Wall Street sentiment remains constructive, with multiple reports pointing to bullish analyst views and higher price targets after the company topped estimates and reached record stock levels. Lam Research (LRCX) Stock Surges Past $300 Milestone as Wall Street Boosts Price Targets
- Neutral Sentiment: Several articles focused on Lam Research’s long-term investment appeal and why investors favor the stock, which adds to the positive narrative but does not appear to introduce new catalysts. If You Invested $1000 in Lam Research a Decade Ago, This is How Much It’d Be Worth Now
- Neutral Sentiment: Conference-participation news may keep Lam Research visible to investors, but it is not likely to move the stock on its own. Lam Research Corporation Announces Participation at Upcoming Conferences
Lam Research Stock Down 4.8%
Shares of NASDAQ:LRCX opened at $284.72 on Friday. Lam Research Corporation has a 1 year low of $79.49 and a 1 year high of $302.00. The company has a market cap of $356.06 billion, a PE ratio of 53.72, a P/E/G ratio of 2.48 and a beta of 1.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The stock’s 50-day moving average is $246.23 and its 200 day moving average is $210.73.
Lam Research (NASDAQ:LRCX – Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the business earned $1.04 EPS. Lam Research’s revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 5.67 EPS for the current year.
Analyst Ratings Changes
Several research analysts have recently commented on LRCX shares. Wells Fargo & Company lifted their price objective on Lam Research from $290.00 to $320.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. HSBC lifted their price objective on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a report on Friday, April 24th. The Goldman Sachs Group reiterated a “buy” rating and issued a $290.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday. Finally, Bank of America lifted their price objective on Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Twenty-six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average price target of $291.75.
Get Our Latest Stock Analysis on Lam Research
Lam Research Profile
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.
Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.
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