Institutional investors, including a 904% increase from VeraBank, now own 84.61% of Lam Research stock.

Institutional investors significantly increased their stakes in Lam Research Co. (LRCX) last quarter, with VeraBank N.A. boosting holdings by 904%, now owning 5,482 shares worth $396,000. Hedge funds and institutional investors now own 84.61% of the company's stock. Lam Research reported earnings per share of $0.91, beating analyst estimates by $0.04, and has a "Moderate Buy" consensus rating with a $95.72 target price. The company designs and manufactures semiconductor processing equipment.