42,420 Shares in Lam Research Corporation $LRCX Acquired by Sanders Morris Harris LLC

Posted by Stanley Muller on Oct 14th, 2026

Sanders Morris Harris LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) in the third quarter, Holdings Channel.com reports. The firm purchased 42,420 shares of the semiconductor company’s stock, valued at approximately $13,935,000. Lam Research makes up about 1.8% of Sanders Morris Harris LLC’s investment portfolio, making the stock its 11th largest position.

Several other institutional investors have also recently added to or reduced their stakes in LRCX. World Equity Group Inc. boosted its stake in Lam Research by 0.5% in the second quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock valued at $2,416,000 after acquiring an additional 29 shares in the last quarter. Vann Equity Management LLC boosted its stake in Lam Research by 1.1% during the 3rd quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company’s stock worth $944,000 after purchasing an additional 31 shares during the period. Tenzing Financial LLC raised its holdings in shares of Lam Research by 3.5% in the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 34 shares during the last quarter. Advus Financial Partners LLC raised its holdings in shares of Lam Research by 1.0% in the second quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after buying an additional 34 shares during the last quarter. Finally, Paragon Private Wealth Management LLC grew its holdings in shares of Lam Research by 1.3% during the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock worth $1,178,000 after buying an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Key Lam Research News

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

Positive Sentiment: Wall Street’s consensus price target implies approximately 25.6% upside. Zacks noted that rising earnings-estimate revisions may be more meaningful than the target itself, offering a potentially constructive near-term signal. Wall Street Analysts See a 25.6% Upside in Lam Research
Positive Sentiment: Erste Group Bank raised its FY2027 EPS forecast to $9.40 from $9.34 and its FY2028 estimate to $11.99 from $11.68, indicating improving expectations for Lam Research’s longer-term earnings power. MarketBeat Lam Research analyst estimates
Positive Sentiment: Lam Research is approaching its next quarterly earnings report, with the company previously guiding to strong results. Investors may look for confirmation that AI-related demand and wafer-fabrication spending remain healthy. Lam Research Set to Post Earnings
Positive Sentiment: DBS Bank raised its price target to $416. In addition, institutional activity was broadly supportive in the latest reported quarter, with major investors including JPMorgan, Invesco and T. Rowe Price adding shares. DBS Bank lifts target to $416
Neutral Sentiment: Recent commentary describes Lam Research as having a strong FY2027 setup ahead of earnings, but the stock’s elevated valuation means results and forward guidance will likely determine whether the shares recover. Lam Research Strong FY2027 Setup
Negative Sentiment: Lam Research has fallen for seven consecutive sessions as semiconductor-equipment shares retreat after a powerful AI-driven rally. Investors appear to be taking profits and reassessing valuations ahead of key industry earnings reports. Semiconductor Equipment Stocks Slide
Negative Sentiment: Insider-trading data shows 55 reported open-market sales and no purchases over the past six months, including sales by senior executives. While such transactions may reflect diversification, the one-sided pattern can weigh on sentiment.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LRCX. Mizuho cut their price target on Lam Research from $370.00 to $365.00 and set an “outperform” rating for the company in a research note on Tuesday, August 25th. Needham & Company LLC reissued a “buy” rating and issued a $390.00 price target on shares of Lam Research in a report on Thursday, July 30th. Evercore reaffirmed an “outperform” rating and issued a $355.00 target price on shares of Lam Research in a report on Monday, July 20th. Fundamental Research set a $390.00 price target on shares of Lam Research in a research report on Thursday, October 1st. Finally, Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. One equities research 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 stock. According to MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average price target of $364.59.

Get Our Latest Stock Analysis on Lam Research

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the sale, the director owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ava Harter sold 5,000 shares of the stock in a transaction that occurred 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 sale, the insider owned 42,462 shares in the company, valued at $12,843,056.52. The trade was a 10.53% 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. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Down 4.7%

NASDAQ:LRCX traded down $14.19 during mid-day trading on Wednesday, hitting $286.92. The company had a trading volume of 10,326,069 shares, compared to its average volume of 10,659,057. The business has a fifty day simple moving average of $310.95 and a 200-day simple moving average of $307.35. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50. The firm has a market capitalization of $359.06 billion, a price-to-earnings ratio of 49.81, a PEG ratio of 1.23 and a beta of 1.85.

Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the prior year, the business earned $1.33 EPS. Lam Research’s quarterly 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. Equities analysts forecast that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. Lam Research’s dividend payout ratio 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.