BlackRock Maintains Significant Stake in Lam Research
Ticker: LRCX · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 707549
| Field | Detail |
|---|---|
| Company | Lam Research Corp (LRCX) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock still owns a big chunk of Lam Research, signaling confidence.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership of Common Stock in Lam Research Corp as of December 31, 2023. This is Amendment No. 16, indicating a long-standing investment. This matters to investors because BlackRock is a major institutional investor, and their continued significant holding in Lam Research Corp suggests confidence in the company's long-term prospects, which could influence other investors' perceptions and decisions.
Why It Matters
BlackRock's continued substantial ownership in Lam Research Corp signals institutional confidence, potentially reassuring current and prospective shareholders about the company's stability and future outlook.
Risk Assessment
Risk Level: low — This filing is a routine update from a major institutional investor and does not indicate any immediate negative risks for the stock.
Analyst Insight
A smart investor would note BlackRock's continued presence as a significant shareholder, which can be a positive signal, but would also conduct their own due diligence on Lam Research Corp's financials and market position rather than solely relying on institutional ownership.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Lam Research Corp (company) — the issuer of the securities
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 16' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company (issuer) of the securities mentioned in this filing?
The subject company, or issuer, is LAM RESEARCH CORP, as clearly stated under '(Name of Issuer) LAM RESEARCH CORP' in the filing.
What is the CUSIP number for the securities discussed?
The CUSIP number for the Common Stock of Lam Research Corp is 512807108, as listed under 'CUSIP No. 512807108' in the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding LAM RESEARCH CORP (LRCX).