Globeflex Capital L P Invests $709,000 in Lam Research Corporation $LRCX

Globeflex Capital L P acquired a new position in Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,637 shares of the semiconductor company’s stock, valued at approximately $709,000.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp raised its position in Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after acquiring an additional 265,805 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Lam Research by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after purchasing an additional 126,613 shares during the last quarter. Invesco Ltd. grew its position in shares of Lam Research by 7.7% in the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after purchasing an additional 1,638,406 shares during the last quarter. Norges Bank purchased a new position in shares of Lam Research during the 4th quarter worth approximately $3,645,427,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Lam Research by 352.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after purchasing an additional 10,666,540 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LRCX has been the subject of several research reports. Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the stock an “overweight” rating in a research report on Monday, June 29th. B. Riley Financial dropped their price target on Lam Research from $385.00 to $350.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Mizuho cut their price target on Lam Research from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Tuesday. Oppenheimer restated an “outperform” rating and issued a $400.00 price objective (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. Finally, Evercore reaffirmed an “outperform” rating and set a $355.00 price objective on shares of Lam Research in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $357.31.

Insider Transactions at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the completion of the sale, the director owned 87,142 shares of the company’s stock, valued at $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares of the company’s stock, valued at $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,441 shares of company stock worth $27,614,296 over the last quarter. 0.31% of the stock is currently owned by insiders.

Lam Research Stock Up 1.4%

Shares of NASDAQ LRCX opened at $314.66 on Wednesday. Lam Research Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The firm’s 50 day moving average price is $334.80 and its 200 day moving average price is $287.73. The firm has a market cap of $393.74 billion, a P/E ratio of 54.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 9.32 earnings per share for the current year.

Key Stories Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: AI-driven growth outlook: Reports indicate Lam Research expects strong growth to extend into 2027 as artificial-intelligence spending supports demand for semiconductor manufacturing equipment. The company’s recent earnings also showed momentum, with revenue rising 30% year over year and EPS exceeding analyst expectations.
• Positive Sentiment: Analyst remains bullish: Mizuho lowered its price target modestly from $370 to $365 but maintained an “outperform” rating, implying substantial upside from the referenced price. Wall Street coverage broadly remains supportive of Lam Research’s growth prospects. Benzinga
• Positive Sentiment: Investment in research and development: Lam Research plans to invest more than $3 billion over five years to expand its global R&D laboratory network and increase experimentation capacity. The spending could strengthen its technology pipeline and competitive position as chipmakers invest in advanced manufacturing. Lam Research R&D update
• Neutral Sentiment: Short-interest data offers no signal: Reported short interest was zero shares both periods, producing a zero-day short ratio. Because the data shows no measurable short position, it does not provide a meaningful indication of potential buying pressure or bearish sentiment.
• Negative Sentiment: Sector-wide pressure: Semiconductor stocks declined ahead of NVIDIA’s earnings report, reflecting investor de-risking and sensitivity to AI-related expectations. Weakness across chip equipment and foundry shares could weigh on LRCX despite its company-specific growth outlook. Semiconductor stocks slide
• Negative Sentiment: Valuation and target reduction: LRCX trades at a relatively elevated earnings multiple, while Mizuho’s target-price cut signals some caution about near-term upside even though its rating remains positive.

About Lam Research

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.