Lam Research Corporation $LRCX Shares Acquired by Fragasso Financial Advisors Inc

Posted by Brian Himes on Oct 13th, 2026

Fragasso Financial Advisors Inc increased its holdings in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 95.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,717 shares of the semiconductor company’s stock after buying an additional 2,797 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Lam Research were worth $1,823,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. NorthCrest Asset Manangement LLC lifted its holdings in Lam Research by 5.4% in the third quarter. NorthCrest Asset Manangement LLC now owns 68,976 shares of the semiconductor company’s stock valued at $22,113,000 after acquiring an additional 3,523 shares during the period. Avior Wealth Management LLC grew its position in shares of Lam Research by 1.6% during the 3rd quarter. Avior Wealth Management LLC now owns 2,615 shares of the semiconductor company’s stock valued at $859,000 after acquiring an additional 42 shares during the period. Perpetual Ltd lifted its position in Lam Research by 0.4% during the third quarter. Perpetual Ltd now owns 12,597 shares of the semiconductor company’s stock valued at $4,138,000 after purchasing an additional 52 shares in the last quarter. Sacks & Associates LLC bought a new stake in shares of Lam Research during the 3rd quarter valued at $205,000. Finally, Oak Grove Capital LLC boosted its holdings in Lam Research by 3.1% in the 3rd quarter. Oak Grove Capital LLC now owns 16,809 shares of the semiconductor company’s stock worth $5,522,000 after buying an additional 500 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Lam Research

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

Positive Sentiment: Analysts at Erste Group Bank raised their Lam Research EPS estimates to $9.40 for fiscal 2027 and $11.99 for fiscal 2028, signaling improved expectations for longer-term earnings growth.
Positive Sentiment: Recent commentary from UBS and other analysts remains constructive, with Lam Research viewed as positioned for strong results and guidance ahead of its next quarterly report. The company’s prior quarter delivered record revenue, operating margin and EPS, while management guided to another strong quarter. UBS outlook on Lam Research results
Positive Sentiment: Customer support and other revenue rose 42.6% year over year to $2.472 billion in the June quarter, providing a growing and comparatively recurring revenue stream from Lam’s installed equipment base. Lam Research support revenue analysis
Neutral Sentiment: Institutional ownership data was mixed: 1,610 investors added shares in the latest quarter, while 1,239 reduced positions. Several large managers increased holdings, but some major institutions also cut exposure.
Negative Sentiment: Insiders reported no open-market purchases and 55 sales over the past six months, including sales by CEO Timothy Archer. This may weigh on sentiment, although insider transactions do not necessarily reflect operating expectations.
Negative Sentiment: Lam is highly sensitive to wafer-fabrication spending and tends to move with semiconductor-capital-equipment peers. Broad de-risking of AI and chip stocks is therefore pressuring LRCX despite strong recent fundamentals.

Analyst Upgrades and Downgrades

LRCX has been the topic of several recent analyst reports. Stifel Nicolaus lifted their target price on Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Berenberg Bank set a $420.00 target price on Lam Research in a report on Wednesday, September 9th. Citigroup restated a “buy” rating and set a $450.00 price target (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the company an “overweight” rating in a research report on Monday, June 29th. Finally, Bank of America increased their price objective on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $364.59.

Check Out Our Latest Research Report on LRCX

Insider Activity

In related news, Director Bethany Mayer sold 9,557 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This trade represents a 31.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the transaction, the insider owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This trade represents a 10.53% 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. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Down 4.3%

Shares of NASDAQ LRCX traded down $13.21 during midday trading on Tuesday, reaching $296.35. 3,879,349 shares of the company’s stock traded hands, compared to its average volume of 10,637,499. The company has a market cap of $370.86 billion, a price-to-earnings ratio of 51.63, a P/E/G ratio of 1.26 and a beta of 1.85. Lam Research Corporation has a one year low of $134.04 and a one year high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock’s 50 day simple moving average is $311.28 and its 200-day simple moving average is $306.87.

Lam Research (NASDAQ:LRCX – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The business’s revenue was up 30.0% compared to the same quarter last year. During the same period last year, the business posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts predict that Lam Research Corporation will post 9.34 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.4%. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. Lam Research’s dividend payout ratio (DPR) is 22.92%.

Lam Research Company Profile

(Free Report)

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.