Lam Research Corporation $LRCX Stake Raised by USS Investment Management Ltd

USS Investment Management Ltd boosted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 2.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 223,245 shares of the semiconductor company’s stock after purchasing an additional 4,293 shares during the quarter. USS Investment Management Ltd’s holdings in Lam Research were worth $47,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new stake in Lam Research during the 4th quarter worth about $10,035,000. Generali Investments Management Co LLC boosted its holdings in shares of Lam Research by 62.0% in the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock worth $6,209,000 after buying an additional 13,878 shares during the period. Krilogy Financial LLC increased its position in shares of Lam Research by 19.5% in the first quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock worth $6,006,000 after acquiring an additional 4,584 shares in the last quarter. Whalen Wealth Management Inc. purchased a new position in shares of Lam Research in the fourth quarter worth approximately $1,423,000. Finally, Cornerstone Wealth Group LLC raised its holdings in shares of Lam Research by 648.4% during the fourth quarter. Cornerstone Wealth Group LLC now owns 32,011 shares of the semiconductor company’s stock valued at $5,480,000 after acquiring an additional 27,734 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on LRCX shares. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $450.00 price objective (up from $365.00) on shares of Lam Research in a research note on Monday, June 22nd. Weiss Ratings downgraded shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Sanford C. Bernstein increased their target price on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. lifted their price target on Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Royal Bank Of Canada upped their price target on Lam Research from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $345.39.

Lam Research Stock Performance

LRCX stock opened at $433.33 on Wednesday. The firm has a 50 day moving average of $320.21 and a two-hundred day moving average of $253.79. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $438.50. The company has a market capitalization of $541.91 billion, a price-to-earnings ratio of 81.76, a P/E/G ratio of 3.40 and a beta of 1.85. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the firm earned $1.04 EPS. Lam Research’s revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.2%. Lam Research’s payout ratio is currently 19.62%.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 86,339 shares of company stock worth $27,680,267. 0.31% of the stock is owned by corporate insiders.

Lam Research News Summary

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

• Positive Sentiment: Lam Research is benefiting from a broader rally in chip-equipment names, fueled by expectations for stronger leading-edge semiconductor spending and AI infrastructure investment. Lam Research shares jump as chip-equipment rally builds on AI demand and Samsung process news
• Positive Sentiment: Recent analyst target hikes have reinforced bullish sentiment, including Bank of America’s $480 target and another fresh target increase from Susquehanna, which helped push the stock to record territory. Lam Research (LRCX) Soars to Record High After Bank of America Sets $480 Price Target
• Positive Sentiment: Lam Research’s addition to the Russell Top 50 Index may bring extra institutional attention and index-related buying, supporting visibility and demand for the shares. Lam Research (LRCX) Joins The Russell Top 50 Index As Its Market Profile Grows
• Neutral Sentiment: The stock’s recent surge has also put valuation in focus, with some coverage highlighting that the rally has made Lam Research look richer relative to historical levels. Lam Research (NASDAQ:LRCX) Rally Puts Valuation In Focus
• Neutral Sentiment: Erste Group slightly raised earnings estimates for FY2026 and FY2027, which supports the growth narrative, though the firm kept a Hold rating. Lam Research Corporation (NASDAQ:LRCX) research coverage

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.