Swedbank AB Has $234.93 Million Stock Position in Lam Research Corporation $LRCX

Swedbank AB grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 5.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,231,430 shares of the semiconductor company’s stock after purchasing an additional 162,428 shares during the quarter. Swedbank AB’s holdings in Lam Research were worth $234,925,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LRCX. Brighton Jones LLC increased its holdings in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Lam Research by 417.5% in the 4th quarter. Nuveen Asset Management LLC now owns 6,317,540 shares of the semiconductor company’s stock valued at $456,316,000 after acquiring an additional 5,096,751 shares during the period. NorthRock Partners LLC bought a new stake in Lam Research in the 4th quarter valued at $984,000. Nicholas Investment Partners LP bought a new stake in Lam Research in the 4th quarter valued at $779,000. Finally, Nomura Holdings Inc. raised its stake in Lam Research by 1,590.9% in the 4th quarter. Nomura Holdings Inc. now owns 121,561 shares of the semiconductor company’s stock valued at $8,780,000 after acquiring an additional 114,372 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. KeyCorp increased their price target on Lam Research from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. Raymond James Financial increased their price target on Lam Research from $90.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Morgan Stanley restated an “underweight” rating and issued a $92.00 price target (down previously from $94.00) on shares of Lam Research in a research note on Tuesday, September 2nd. Mizuho increased their price target on Lam Research from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, August 1st. Finally, Cantor Fitzgerald increased their price target on Lam Research from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Twenty investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.52.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $115.58 on Friday. 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 stock’s fifty day moving average price is $100.71 and its two-hundred day moving average price is $86.43. Lam Research Corporation has a one year low of $56.32 and a one year high of $115.90. The firm has a market cap of $146.28 billion, a price-to-earnings ratio of 27.78, a P/E/G ratio of 1.38 and a beta of 1.76.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 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 for the quarter, compared to analyst estimates of $4.99 billion. During the same period in the prior year, the firm posted $1.03 EPS. The company’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. On average, equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. This is an increase from Lam Research’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Lam Research’s payout ratio is currently 25.00%.

Lam Research Company 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.