Van ECK Associates Corp Buys 8,922,854 Shares of Lam Research Corporation $LRCX

Van ECK Associates Corp lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 411.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,089,395 shares of the semiconductor company’s stock after purchasing an additional 8,922,854 shares during the period. Lam Research comprises about 3.0% of Van ECK Associates Corp’s investment portfolio, making the stock its 9th biggest holding. Van ECK Associates Corp owned about 0.89% of Lam Research worth $4,805,368,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LRCX. Bayban bought a new position in Lam Research during the 4th quarter worth approximately $26,000. Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research in the 1st quarter worth approximately $26,000. Cedar Mountain Advisors LLC increased its holdings in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 85 shares during the last quarter. Paladin Partners LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at approximately $26,000. Finally, Triumph Capital Management acquired a new stake in shares of Lam Research during the 3rd quarter valued at approximately $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LRCX has been the topic of several research analyst reports. Citigroup restated a “buy” rating and set a $450.00 price objective (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $320.00 target price on shares of Lam Research in a research note on Thursday, July 30th. TD Cowen reissued a “buy” rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Morgan Stanley reduced their price target on shares of Lam Research from $404.00 to $367.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Lam Research from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $357.31.

Lam Research Stock Down 5.2%

Lam Research stock opened at $301.90 on Friday. The company has a 50-day simple moving average of $330.43 and a 200-day simple moving average of $289.14. The firm has a market capitalization of $377.77 billion, a P/E ratio of 52.41, a P/E/G ratio of 1.26 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 Corporation has a one year low of $94.11 and a one year high of $438.50.

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

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. Lam Research’s dividend payout ratio is presently 18.06%.

Insider Activity

In related news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research 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 sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 80,441 shares of company stock valued at $27,614,296. Insiders own 0.31% of the company’s stock.

Lam Research News Summary

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

• Positive Sentiment: Lam Research broke ground on a 120,000-square-foot Oregon semiconductor laboratory as part of a planned investment of more than $3 billion in its global lab network over five years. The project is intended to accelerate process innovations for advanced AI chips and improve collaboration with customers, supporting the company’s long-term growth prospects. Lam Research breaks ground on AI semiconductor lab in Oregon
• Positive Sentiment: The board approved a 27% increase in the quarterly dividend, from $0.26 to $0.33 per share. The payout is scheduled for October 14, 2026, for shareholders of record on September 23, providing a modest shareholder-return signal. Lam Research Corporation Announces a 27% Increase in Quarterly Dividend
• Neutral Sentiment: Lam’s latest earnings exceeded consensus expectations, with quarterly earnings per share of $1.82 versus the $1.69 estimate and revenue of $6.72 billion. Revenue increased 30% year over year, while management issued fiscal first-quarter 2027 EPS guidance of $2.00 to $2.30. Analysts’ median price target remains substantially above recent trading levels, although Mizuho recently lowered its target to $365.
• Neutral Sentiment: Two long-serving directors, Michael R. Cannon and Sohail U. Ahmed, plan to retire from the board on November 2, 2026. The transition could refresh governance but introduces some near-term uncertainty regarding board composition. Lam Research Announces Retirement of Michael R. Cannon and Sohail U. Ahmed from Board of Directors
• Negative Sentiment: Investors appear increasingly concerned about tariffs, export restrictions and other U.S.-China trade measures. China was Lam’s largest geographic market in fiscal 2026, making the company particularly sensitive to policy changes that could reduce demand, hurt margins or disrupt its supply chain. These macro concerns have overshadowed the dividend increase and Oregon expansion. Lam Research Slides as China Trade Risk Appears to Outweigh Dividend Hike
• Negative Sentiment: Reported insider activity shows selling rather than buying by executives and directors over the past six months, which may reinforce caution among investors, though such transactions can reflect personal financial planning rather than a view on company fundamentals.

Lam Research Company Profile

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.