Lam Research Corporation $LRCX Stake Increased by Xponance LLC

Xponance LLC grew its holdings in Lam Research Corporation (NASDAQ:LRCX) by 1.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 362,284 shares of the semiconductor company’s stock after purchasing an additional 6,308 shares during the period. Lam Research makes up 0.5% of Xponance LLC’s portfolio, making the stock its 26th biggest position. Xponance LLC’s holdings in Lam Research were worth $62,016,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of LRCX. Brighton Jones LLC raised its holdings in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares in the last quarter. Caxton Associates LLP purchased a new stake in shares of Lam Research during the first quarter worth $239,000. Gabelli Funds LLC purchased a new stake in shares of Lam Research during the second quarter worth $253,000. NewEdge Advisors LLC raised its holdings in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in shares of Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the subject of several recent research reports. Sanford C. Bernstein increased their price objective on Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 14th. HSBC increased their price objective on Lam Research from $221.00 to $247.00 and gave the stock a “hold” rating in a report on Friday, April 24th. Citigroup reiterated a “buy” rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a report on Thursday, April 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $322.01.

More Lam Research News

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

• Positive Sentiment: Barclays and other analysts raised price targets on Lam Research after increasing their wafer-fab equipment spending estimates, reinforcing the view that AI infrastructure investment is still running strong and could support more orders for chipmaking tools. Barclays raises price targets on chip stocks after raising WFE estimates
• Positive Sentiment: Lam’s CFO recently lifted the company’s 2026 wafer-fab equipment market forecast to $140 billion, which suggests a stronger spending backdrop for its core business and improved momentum into the second half of the year. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Positive Sentiment: The company’s latest quarterly results beat expectations, with revenue and EPS both ahead of consensus, and guidance pointed to further sequential growth, helping investors believe the business is still in an upcycle. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Neutral Sentiment: Several articles also highlighted Lam Research as a beneficiary of the broader AI infrastructure boom and a “critical enabler” of AI growth, which keeps sentiment constructive, though these pieces were more thematic than company-specific. Lam Research: A Critical Enabler Of AI Growth, Reiterating Buy
• Negative Sentiment: Near-term trading has been volatile, and one recent report noted the stock fell in the prior session, showing that some investors are still worried about valuation and the possibility of a cyclical slowdown after a strong run. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Insider Buying and Selling at Lam Research

In other news, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the sale, the senior vice president directly owned 66,129 shares of the company’s stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,839 shares of company stock worth $8,561,667 over the last three months. Company insiders own 0.31% of the company’s stock.

Lam Research Trading Up 12.7%

Lam Research stock opened at $362.52 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The company has a market capitalization of $453.36 billion, a price-to-earnings ratio of 68.40, a PEG ratio of 2.66 and a beta of 1.85. Lam Research Corporation has a one year low of $87.75 and a one year high of $364.81. The company’s fifty day moving average price is $283.21 and its two-hundred day moving average price is $232.64.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts forecast that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio is presently 19.62%.

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.