Parnassus Investments LLC Decreases Stock Holdings in Lam Research Corporation $LRCX

Parnassus Investments LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 7.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 645,926 shares of the semiconductor company’s stock after selling 54,789 shares during the period. Parnassus Investments LLC’s holdings in Lam Research were worth $110,570,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LRCX. PMV Capital Advisers LLC purchased a new stake in Lam Research during the fourth quarter valued at $25,000. Stance Capital LLC purchased a new stake in Lam Research during the third quarter valued at $26,000. Triumph Capital Management purchased a new stake in Lam Research during the third quarter valued at $27,000. Core Wealth Advisors LLC purchased a new stake in Lam Research during the fourth quarter valued at $29,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in Lam Research during the second quarter valued at $29,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

More Lam Research News

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

• Positive Sentiment: Barclays and other analysts raised price targets on Lam Research after increasing their wafer-fab equipment spending estimates, reinforcing the view that AI infrastructure investment is still running strong and could support more orders for chipmaking tools. Barclays raises price targets on chip stocks after raising WFE estimates
• Positive Sentiment: Lam’s CFO recently lifted the company’s 2026 wafer-fab equipment market forecast to $140 billion, which suggests a stronger spending backdrop for its core business and improved momentum into the second half of the year. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Positive Sentiment: The company’s latest quarterly results beat expectations, with revenue and EPS both ahead of consensus, and guidance pointed to further sequential growth, helping investors believe the business is still in an upcycle. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Neutral Sentiment: Several articles also highlighted Lam Research as a beneficiary of the broader AI infrastructure boom and a “critical enabler” of AI growth, which keeps sentiment constructive, though these pieces were more thematic than company-specific. Lam Research: A Critical Enabler Of AI Growth, Reiterating Buy
• Negative Sentiment: Near-term trading has been volatile, and one recent report noted the stock fell in the prior session, showing that some investors are still worried about valuation and the possibility of a cyclical slowdown after a strong run. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Lam Research Trading Up 12.7%

NASDAQ LRCX opened at $362.52 on Friday. The company’s 50-day moving average price is $283.21 and its 200-day moving average price is $232.64. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The stock has a market cap of $453.36 billion, a PE ratio of 68.40, a PEG ratio of 2.66 and a beta of 1.85. Lam Research Corporation has a 12 month low of $87.75 and a 12 month high of $364.81.

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

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is presently 19.62%.

Analyst Ratings Changes

A number of research analysts have weighed in on LRCX shares. Seaport Research Partners started coverage on shares of Lam Research in a research report on Monday, May 4th. They set a “buy” rating and a $300.00 price objective on the stock. Berenberg Bank boosted their price objective on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a research report on Wednesday. Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Finally, Bank of America boosted their price objective on shares of Lam Research from $285.00 to $330.00 and gave the company a “buy” 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $322.01.

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 shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares in the company, valued at approximately $16,872,153.06. The trade was 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. Over the last 90 days, insiders sold 31,839 shares of company stock worth $8,561,667. Company insiders own 0.31% of the company’s stock.

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.