Manning & Napier Advisors LLC Invests $157 Million in Lam Research Corporation $LRCX

Manning & Napier Advisors LLC acquired a new stake in Lam Research Corporation (NASDAQ:LRCX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 362,315 shares of the semiconductor company’s stock, valued at approximately $157,002,000. Lam Research comprises about 2.0% of Manning & Napier Advisors LLC’s portfolio, making the stock its 17th largest position.

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

Lam Research Stock Up 1.4%

LRCX opened at $314.66 on Wednesday. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50. The business has a 50-day moving average of $334.80 and a two-hundred day moving average of $287.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The stock has a market capitalization of $393.74 billion, a price-to-earnings ratio of 54.63, a price-to-earnings-growth ratio of 1.23 and a beta of 1.84.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the firm posted $1.33 EPS. The company’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, research analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current year.

Insiders Place Their Bets

In other Lam Research news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the transaction, the director owned 87,142 shares in the company, valued at $29,192,570. This trade represents a 17.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $19,118,600.00. Following the sale, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 80,441 shares of company stock valued at $27,614,296 over the last quarter. Company insiders own 0.31% of the company’s stock.

Key Lam Research News

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

• Positive Sentiment: AI-driven growth outlook: Reports indicate Lam Research expects strong growth to extend into 2027 as artificial-intelligence spending supports demand for semiconductor manufacturing equipment. The company’s recent earnings also showed momentum, with revenue rising 30% year over year and EPS exceeding analyst expectations.
• Positive Sentiment: Analyst remains bullish: Mizuho lowered its price target modestly from $370 to $365 but maintained an “outperform” rating, implying substantial upside from the referenced price. Wall Street coverage broadly remains supportive of Lam Research’s growth prospects. Benzinga
• Positive Sentiment: Investment in research and development: Lam Research plans to invest more than $3 billion over five years to expand its global R&D laboratory network and increase experimentation capacity. The spending could strengthen its technology pipeline and competitive position as chipmakers invest in advanced manufacturing. Lam Research R&D update
• Neutral Sentiment: Short-interest data offers no signal: Reported short interest was zero shares both periods, producing a zero-day short ratio. Because the data shows no measurable short position, it does not provide a meaningful indication of potential buying pressure or bearish sentiment.
• Negative Sentiment: Sector-wide pressure: Semiconductor stocks declined ahead of NVIDIA’s earnings report, reflecting investor de-risking and sensitivity to AI-related expectations. Weakness across chip equipment and foundry shares could weigh on LRCX despite its company-specific growth outlook. Semiconductor stocks slide
• Negative Sentiment: Valuation and target reduction: LRCX trades at a relatively elevated earnings multiple, while Mizuho’s target-price cut signals some caution about near-term upside even though its rating remains positive.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Rothschild & Co Redburn upped their target price on shares of Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Bank of America boosted their target price on Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Barclays reiterated an “overweight” rating and set a $335.00 price target (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. B. Riley Financial dropped their price objective on Lam Research from $385.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, 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 research report on Thursday, May 21st. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $357.31.

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.