Delta Investment Management LLC Decreases Stake in Lam Research Corporation $LRCX

Delta Investment Management LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 22.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,780 shares of the semiconductor company’s stock after selling 1,068 shares during the quarter. Delta Investment Management LLC’s holdings in Lam Research were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC increased its stake in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 12,936 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of Lam Research during the 4th quarter worth $273,000. Beacon Pointe Advisors LLC boosted its position in shares of Lam Research by 880.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 66,008 shares of the semiconductor company’s stock worth $4,768,000 after purchasing an additional 59,273 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Lam Research by 370.1% during the 4th quarter. AQR Capital Management LLC now owns 555,062 shares of the semiconductor company’s stock worth $40,092,000 after purchasing an additional 436,998 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in shares of Lam Research by 887.5% during the 4th quarter. Utah Retirement Systems now owns 213,170 shares of the semiconductor company’s stock worth $15,397,000 after purchasing an additional 191,583 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Up 0.0%

LRCX opened at $103.67 on Thursday. The firm has a 50 day moving average price of $99.02 and a 200 day moving average price of $85.01. The company has a market cap of $131.21 billion, a PE ratio of 24.92, a price-to-earnings-growth ratio of 1.33 and a beta of 1.65. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $108.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX) last posted 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. The firm had revenue of $5.17 billion during 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 company’s revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Analyst Ratings Changes

LRCX has been the topic of several research analyst reports. Summit Insights lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, July 31st. TD Cowen boosted their target price on shares of Lam Research from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Citigroup boosted their target price on shares of Lam Research from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Cantor Fitzgerald boosted their target price on shares of Lam Research from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Erste Group Bank assumed coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a “buy” rating on the stock. Twenty analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.