Connor Clark & Lunn Investment Management Ltd. Invests $245,000 in Lam Research Corporation $LRCX

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Lam Research Corporation (NASDAQ:LRCX) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,367 shares of the semiconductor company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MUFG Securities EMEA plc lifted its stake in shares of Lam Research by 114.0% in the first quarter. MUFG Securities EMEA plc now owns 121,999 shares of the semiconductor company’s stock worth $8,869,000 after buying an additional 64,999 shares during the last quarter. Zions Bancorporation National Association UT acquired a new stake in shares of Lam Research in the first quarter worth $616,000. Townsquare Capital LLC lifted its stake in shares of Lam Research by 13.2% in the first quarter. Townsquare Capital LLC now owns 90,326 shares of the semiconductor company’s stock worth $6,567,000 after buying an additional 10,539 shares during the last quarter. Keystone Investors PTE Ltd. acquired a new stake in shares of Lam Research in the first quarter worth $1,797,000. Finally, Nutshell Asset Management Ltd acquired a new stake in shares of Lam Research in the first quarter worth $4,071,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Down 1.2%

Shares of Lam Research stock opened at $99.15 on Thursday. The firm has a market capitalization of $125.49 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.30 and a beta of 1.65. 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 company’s fifty day moving average price is $98.06 and its two-hundred day moving average price is $84.32. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $108.02.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business’s revenue for the quarter was up 33.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. On average, analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on shares of Lam Research from $95.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday, April 24th. B. Riley restated a “buy” rating and issued a $115.00 price objective (up from $95.00) on shares of Lam Research in a research note on Wednesday, June 18th. Barclays set a $83.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a research report on Monday, July 28th. Deutsche Bank Aktiengesellschaft set a $70.00 target price on shares of Lam Research and gave the stock a “hold” rating in a research report on Thursday, April 24th. Finally, Argus boosted their target price on shares of Lam Research from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Twenty research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average price target of $107.09.

Lam Research 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.