Katamaran Capital LLP Cuts Position in Lam Research Corporation $LRCX

Katamaran Capital LLP lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 61.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 11,124 shares of the semiconductor company’s stock after selling 17,682 shares during the quarter. Lam Research comprises about 1.4% of Katamaran Capital LLP’s investment portfolio, making the stock its 29th biggest holding. Katamaran Capital LLP’s holdings in Lam Research were worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. PMV Capital Advisers LLC purchased a new position in Lam Research during the 4th quarter valued at approximately $25,000. Stance Capital LLC purchased a new position in Lam Research during the 3rd quarter valued at approximately $26,000. Triumph Capital Management purchased a new position in Lam Research during the 3rd quarter valued at approximately $27,000. Strategic Wealth Investment Group LLC purchased a new position in Lam Research during the 2nd quarter valued at approximately $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Lam Research during the 3rd quarter valued at approximately $40,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In related news, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction that occurred on 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 directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’s stock in a transaction that occurred on 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 $16,872,153.06. This represents a 21.55% 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 three months, insiders sold 120,066 shares of company stock valued at $27,953,242. Insiders own 0.31% of the company’s stock.

Lam Research Price Performance

Shares of Lam Research stock opened at $294.05 on Monday. The stock has a market cap of $367.73 billion, a price-to-earnings ratio of 55.48, a price-to-earnings-growth ratio of 2.43 and a beta of 1.81. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The stock has a 50 day moving average price of $238.93 and a 200-day moving average price of $204.97. Lam Research Corporation has a one year low of $74.65 and a one year high of $297.99.

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

Analyst Ratings Changes

Several research firms have weighed in on LRCX. BNP Paribas Exane raised their price target on Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Morgan Stanley lifted their target price on Lam Research from $260.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Bank of America lifted their target price on Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Rothschild & Co Redburn lifted their target price on Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, TD Cowen lifted their target price on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $285.94.

Lam Research News Summary

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

• Positive Sentiment: B. Riley raised its price target on Lam Research to $350 from $330 and kept a Buy rating, citing strong earnings and solid execution. Why Analysts Are Growing More Confident In Lam Research (LRCX)
• Positive Sentiment: Erste Group Bank lifted FY2027 EPS estimates for Lam Research to $7.88 from $7.74, suggesting analysts see better long-term earnings power. Lam Research stock page
• Positive Sentiment: Recent coverage highlights Lam Research as an AI-fab beneficiary with orders beating expectations, supporting the case for further upside after a sharp rally. Lam Research (LRCX) Is Up 19.5% After AI-Fab Orders Beat Expectations Has The Bull Case Changed?
• Neutral Sentiment: Some commentary notes the stock has already surged dramatically over the past year, which may raise overbought concerns even as Wall Street remains constructive. Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead
• Neutral Sentiment: Investor articles argue the rally may still have room to run, but that view is speculative rather than a direct fundamental update. Why Lam Research Still Looks Like a Buy After a 300% Rally

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.