Fortitude Advisory Group L.L.C. Acquires New Position in Lam Research Corporation $LRCX

Posted by on Jun 14th, 2026

Fortitude Advisory Group L.L.C. acquired a new stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,470 shares of the semiconductor company’s stock, valued at approximately $252,000.

Other hedge funds have also added to or reduced their stakes in the company. PMV Capital Advisers LLC bought a new position in Lam Research in the fourth quarter valued at approximately $25,000. Core Wealth Advisors LLC bought a new position in Lam Research in the fourth quarter valued at approximately $29,000. Wilkerson Advisory Group LLC bought a new position in Lam Research in the fourth quarter valued at approximately $33,000. Stance Capital LLC bought a new position in Lam Research in the third quarter valued at approximately $26,000. Finally, Triumph Capital Management bought a new position in Lam Research in the third quarter valued at approximately $27,000. 84.61% of the stock is owned by institutional investors.

Key Lam Research News

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

  • Positive Sentiment: Lam Research is benefiting from renewed optimism around wafer-fab equipment demand, with management recently raising its 2026 WFE market forecast to $140 billion and analysts lifting price targets on expectations that AI-driven chip investment will stay strong. Article Title
  • Positive Sentiment: Recent coverage highlighted Lam Research as a core beneficiary of the AI infrastructure boom, with Barclays reiterating constructive views on chip-equipment names and investors focusing on ongoing spending for new semiconductor supply. Article Title
  • Positive Sentiment: Lam Research’s recent earnings outperformance and upbeat guidance continue to support the bullish case, with the company beating estimates and projecting stronger revenue momentum into upcoming quarters. Article Title
  • Neutral Sentiment: Some recent pieces focus on valuation after the AI-driven rally, suggesting investors are now weighing how much upside is already priced in after a sharp run-up. Article Title
  • Negative Sentiment: Broader semiconductor stocks have remained volatile, and one recent session saw LRCX fall more steeply than the market, showing that the stock can still be pressured by sector-wide AI and macro swings. Article Title

Insider Activity

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 transaction of $1,554,546.60. Following the transaction, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. This represents a 21.55% 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. Insiders have sold 31,839 shares of company stock worth $8,561,667 in the last quarter. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research analyst reports. BNP Paribas Exane raised their target price on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Bank of America raised their target price 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. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised their target price on shares of Lam Research from $300.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Morgan Stanley upgraded shares of Lam Research from an “underweight” rating to an “overweight” rating and raised their target price for the company from $293.00 to $331.00 in a research report on Monday, May 18th. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $322.01.

Check Out Our Latest Stock Analysis on Lam Research

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $366.81 on Friday. Lam Research Corporation has a twelve month low of $87.75 and a twelve month high of $373.82. The firm has a fifty day simple moving average of $286.10 and a 200 day simple moving average of $233.58. The company has a market capitalization of $458.72 billion, a PE ratio of 69.21, a P/E/G ratio of 3.04 and a beta of 1.85. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX – Get Free Report) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous 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. On average, sell-side analysts forecast that Lam Research Corporation will post 5.7 EPS for the current year.

Lam Research Announces Dividend

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

Lam Research Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lam Research (NASDAQ:LRCX)

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