This morning we watched Lam Research rise 5.6% to a price of $75.58 per share. The Large-Cap Farm & Heavy Construction Machinery company is now trading -19.18% below its average target price of $93.51. Analysts have set target prices ranging from $75.0 to $114.0 per share for Lam Research, and have given the stock an average rating of buy.
Lam Research's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.5%. The stock's short ratio is 2.33. At 0.03%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 11.4%. In conclusion, we believe there is mixed market sentiment regarding Lam Research.
Institutions Invested in Lam Research
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Blackrock Inc. | 10% | 125,921,660 | $9,516,529,070 |
| 2024-09-30 | Vanguard Group Inc | 9% | 121,681,630 | $9,196,088,815 |
| 2024-09-30 | State Street Corporation | 5% | 58,866,760 | $4,448,855,207 |
| 2024-09-30 | JP Morgan Chase & Company | 3% | 42,615,580 | $3,220,672,328 |
| 2024-09-30 | FMR, LLC | 3% | 35,345,050 | $2,671,202,045 |
| 2024-09-30 | Ameriprise Financial, Inc. | 3% | 32,881,890 | $2,485,048,736 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 31,205,110 | $2,358,326,093 |
| 2024-09-30 | Morgan Stanley | 2% | 21,041,880 | $1,590,240,016 |
| 2024-09-30 | Fisher Asset Management, LLC | 1% | 18,714,730 | $1,414,365,662 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 18,133,350 | $1,370,427,870 |
