After this morning's 6.9% surge to $525.09 per share, Lam Research might just keep moving past its target price of $516.08. With an average analyst rating of buy, and target prices from $309.0 to $575.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 2.1%, and a short ratio of 2.21. The company's insiders own 0.3% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 87.5% of Lam Research's shares being owned by this investor type.
Institutions Invested in Lam Research
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2022-12-31 | Vanguard Group, Inc. (The) | 9% | 11,788,267 | $6,189,842,436 |
| 2022-12-31 | Blackrock Inc. | 8% | 11,027,183 | $5,790,208,627 |
| 2022-12-31 | State Street Corporation | 4% | 5,604,594 | $2,942,888,363 |
| 2022-12-31 | Ameriprise Financial, Inc. | 4% | 4,982,563 | $2,616,269,202 |
| 2022-12-31 | FMR, LLC | 3% | 4,649,554 | $2,441,411,164 |
| 2022-12-31 | JP Morgan Chase & Company | 3% | 3,760,079 | $1,974,361,164 |
| 2022-12-31 | Price (T.Rowe) Associates Inc | 3% | 3,389,485 | $1,779,767,805 |
| 2022-12-31 | Fisher Asset Management, LLC | 2% | 2,641,859 | $1,387,200,591 |
| 2022-12-31 | Janus Henderson Group PLC | 2% | 2,596,350 | $1,363,304,496 |
| 2022-12-31 | Geode Capital Management, LLC | 2% | 2,523,525 | $1,325,065,180 |
