Groesbeck Investment Management Corp NJ Decreases Stock Holdings in Lam Research Corporation $LRCX

Posted by Stanley Muller on Aug 15th, 2026

Groesbeck Investment Management Corp NJ lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,294 shares of the semiconductor company’s stock after selling 1,789 shares during the period. Lam Research accounts for about 15.4% of Groesbeck Investment Management Corp NJ’s investment portfolio, making the stock its largest position. Groesbeck Investment Management Corp NJ’s holdings in Lam Research were worth $9,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares in the last quarter. Caxton Associates LLP purchased a new position in Lam Research during the 1st quarter valued at approximately $239,000. Gabelli Funds LLC bought a new stake in Lam Research in the 2nd quarter worth approximately $253,000. NewEdge Advisors LLC increased its stake in Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after acquiring an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in shares of Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after acquiring an additional 781 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Seaport Research Partners started coverage on shares of Lam Research in a report on Monday, May 4th. They issued a “buy” rating and a $300.00 target price for the company. New Street Research increased their price target on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. UBS Group reissued a “buy” rating and issued a $375.00 price objective (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Cantor Fitzgerald set a $500.00 target price on Lam Research and gave the stock an “overweight” rating in a research note on Monday, June 29th. Finally, Citigroup reaffirmed a “buy” rating and set a $450.00 price target (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $358.47.

Check Out Our Latest Analysis on Lam Research

Lam Research News Roundup

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

Positive Sentiment: Lam Research plans to increase R&D experiment capacity by more than 50% across facilities in the United States, Asia and Europe. Management says the investment should accelerate product development and help customers address increasingly complex AI-chip architectures, materials and nanoscale manufacturing requirements. Reuters article
Positive Sentiment: Investors are viewing Lam’s expertise in etching, including next-generation atomic-layer etching, as a potentially valuable competitive advantage as AI-driven semiconductor production requires greater manufacturing precision. The company’s recent rebound has renewed optimism that its technology could benefit from a longer-term equipment upcycle. 247WallSt article
Positive Sentiment: SanDisk’s bullish multiyear financial targets have strengthened expectations for memory-industry capital spending through 2030, supporting demand prospects for semiconductor equipment suppliers such as Lam Research. SanDisk financial targets article
Neutral Sentiment: Polen Capital identified LRCX as a top performer in its Focus Growth portfolio, while Zacks continues to highlight the stock’s long-term earnings outlook. These endorsements may support sentiment but do not represent new company guidance or guaranteed returns. Polen Capital article
Negative Sentiment: The R&D expansion requires substantial spending over several years, creating execution and return-on-investment risks. Lam also trades at a relatively elevated valuation after a sharp recovery, leaving the stock vulnerable to profit-taking and concerns that the semiconductor cycle may be approaching a peak.

Lam Research Stock Performance

Shares of Lam Research stock opened at $332.36 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The company has a market capitalization of $415.89 billion, a PE ratio of 57.70, a P/E/G ratio of 1.34 and a beta of 1.84. The company has a 50-day simple moving average of $339.46 and a two-hundred day simple moving average of $283.14. Lam Research Corporation has a one year low of $94.11 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX – Get Free Report) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating 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 company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the firm earned $1.33 earnings per share. Lam Research’s revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts expect that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is presently 18.06%.

Insiders Place Their Bets

In other news, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the sale, the director directly owned 199,205 shares of the company’s stock, valued at approximately $69,881,114. This represents a 21.48% 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. Over the last quarter, insiders sold 80,441 shares of company stock valued at $27,614,296. Insiders own 0.31% of the company’s stock.

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.