Two Sigma Securities LLC Grows Stock Position in Lam Research Corporation $LRCX

Two Sigma Securities LLC grew its position in Lam Research Corporation (NASDAQ:LRCX) by 215.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,889 shares of the semiconductor company’s stock after purchasing an additional 21,104 shares during the quarter. Lam Research makes up about 1.2% of Two Sigma Securities LLC’s investment portfolio, making the stock its 7th largest holding. Two Sigma Securities LLC’s holdings in Lam Research were worth $13,385,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. GTS Securities LLC raised its position in shares of Lam Research by 169.1% during the 2nd quarter. GTS Securities LLC now owns 6,093 shares of the semiconductor company’s stock valued at $2,640,000 after purchasing an additional 3,829 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Lam Research by 4.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 635,416 shares of the semiconductor company’s stock worth $275,344,000 after buying an additional 24,526 shares during the period. Wedbush Securities Inc. boosted its holdings in Lam Research by 4.4% in the 2nd quarter. Wedbush Securities Inc. now owns 19,000 shares of the semiconductor company’s stock worth $8,233,000 after buying an additional 808 shares during the period. Denali Advisors LLC purchased a new stake in Lam Research in the 2nd quarter worth $8,727,000. Finally, Rational Advisors Inc. raised its holdings in Lam Research by 14.1% during the second quarter. Rational Advisors Inc. now owns 470 shares of the semiconductor company’s stock valued at $204,000 after acquiring an additional 58 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Rothschild & Co Redburn upped their price objective on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Seaport Research Partners started coverage on Lam Research in a research note on Monday, May 4th. They set a “buy” rating and a $300.00 target price on the stock. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the stock an “overweight” rating in a report on Monday, June 29th. Mizuho dropped their price target on Lam Research from $370.00 to $365.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Finally, TD Cowen reaffirmed a “buy” rating and set a $400.00 price objective (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. One 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. According to MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $357.31.

Insiders Place Their Bets

In related news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction 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 sale, the director owned 199,205 shares in the company, valued at approximately $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was a 17.34% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.31% of the company’s stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $301.90 on Monday. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $377.77 billion, a P/E ratio of 52.41, a P/E/G ratio of 1.20 and a beta of 1.84. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50. The business’s 50-day moving average is $330.43 and its 200 day moving average is $289.56.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The firm’s revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 9.33 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be issued a $0.33 dividend. 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 payout ratio is 22.92%.

Lam Research News Roundup

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.

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.