Lam Research stock is trading -11.15% below its average target price of $682.43 after dropping -5.6% during today's afternoon session. Analysts are giving the large-cap Farm & Heavy Construction Machinery company an average rating of buy and target prices ranging from $309.0 to $825.0 per share.
Lam Research's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.2%. The stock's short ratio is 2.58. The company's insiders own 0.3% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 88.5%. In conclusion, we believe there is mixed market sentiment regarding Lam Research.
Institutions Invested in Lam Research
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 11,730,883 | $7,112,961,908 |
| 2023-06-30 | Blackrock Inc. | 8% | 11,179,474 | $6,778,617,835 |
| 2023-06-30 | State Street Corporation | 4% | 5,679,983 | $3,444,029,125 |
| 2023-06-30 | Ameriprise Financial, Inc. | 4% | 5,243,854 | $3,179,584,500 |
| 2023-06-30 | FMR, LLC | 3% | 4,272,999 | $2,590,911,453 |
| 2023-06-30 | JP Morgan Chase & Company | 3% | 3,732,836 | $2,263,386,335 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 3% | 3,712,603 | $2,251,118,157 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 2,883,265 | $1,748,253,231 |
| 2023-06-30 | Fisher Asset Management, LLC | 2% | 2,813,207 | $1,705,773,915 |
| 2023-06-30 | Janus Henderson Group PLC | 2% | 2,537,396 | $1,538,537,303 |
