Carret Asset Management LLC lowered its holdings in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 6.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,860 shares of the semiconductor company’s stock after selling 5,158 shares during the period. Lam Research makes up about 1.3% of Carret Asset Management LLC’s portfolio, making the stock its 16th largest holding. Carret Asset Management LLC’s holdings in Lam Research were worth $13,328,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in LRCX. Persistent Asset Partners Ltd acquired a new position in Lam Research in the 4th quarter valued at $524,000. Polar Capital Holdings Plc grew its holdings in shares of Lam Research by 0.6% during the 4th quarter. Polar Capital Holdings Plc now owns 2,873,948 shares of the semiconductor company’s stock worth $491,962,000 after purchasing an additional 17,686 shares in the last quarter. Opal Capital LLC bought a new position in shares of Lam Research in the fourth quarter worth $508,000. Rothschild Wealth LLC increased its position in shares of Lam Research by 74.4% in the fourth quarter. Rothschild Wealth LLC now owns 2,624 shares of the semiconductor company’s stock worth $449,000 after purchasing an additional 1,119 shares during the period. Finally, Rakuten Investment Management Inc. raised its stake in Lam Research by 617.7% in the fourth quarter. Rakuten Investment Management Inc. now owns 265,528 shares of the semiconductor company’s stock valued at $46,698,000 after purchasing an additional 228,531 shares in the last quarter. 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: Several recent articles argue Lam Research still has strong growth potential, citing healthy earnings momentum, solid demand, and long-term outperformance potential. Is Lam Research (LRCX) a Solid Growth Stock? 3 Reasons to Think “Yes”
- Positive Sentiment: Analysts and market commentary continue to point to AI-related semiconductor demand and advanced packaging as a possible growth catalyst for LRCX. Lam Research Expects Packaging Growth of 50%: Is It a Hidden Catalyst?
- Positive Sentiment: The broader chip rally is still supporting sentiment, with semiconductor ETFs and peers pushing to new highs and helping keep money flowing into the sector. Chips Up 8.8% in One Week: 5 Semiconductor Names Breaking Into New Highs
- Neutral Sentiment: One market note highlighted Lam Research as a “final trade,” which may reflect positive trader interest but does not provide a fundamental catalyst. Alphabet, Lam Research And A Financial Stock On CNBC’s ‘Final Trades’
- Neutral Sentiment: Lam Research director Eric Brandt sold 54,500 shares in a pre-arranged 10b5-1 transaction; the sale is notable, but it does not necessarily signal a negative business outlook. SEC filing for director share sale
- Negative Sentiment: Some commentary flagged Lam’s elevated valuation, suggesting the stock is priced for very strong future growth and could be vulnerable if that growth slows. Decoding LRCX Stock’s Premium Valuation
- Negative Sentiment: Trading headlines also noted that LRCX underperformed the broader market in the latest session, likely reinforcing short-term profit-taking after the recent run-up. Why Lam Research (LRCX) Dipped More Than Broader Market Today
Insider Activity
Lam Research Trading Down 5.0%
LRCX opened at $369.34 on Wednesday. The company has a market cap of $461.89 billion, a P/E ratio of 69.69, a PEG ratio of 3.20 and a beta of 1.85. 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 company’s 50 day moving average is $292.53 and its 200-day moving average is $237.34. Lam Research Corporation has a 1-year low of $87.75 and a 1-year high of $393.07.
Lam Research (NASDAQ:LRCX – Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion during 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 firm’s quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts predict that Lam Research Corporation will post 5.7 earnings per share for the current fiscal 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 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 19.62%.
Wall Street Analyst Weigh In
LRCX has been the subject of several recent analyst reports. Mizuho set a $380.00 price objective on shares of Lam Research and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. JPMorgan Chase & Co. boosted 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. Morgan Stanley raised shares of Lam Research from an “underweight” rating to an “overweight” rating and upped their price target for the stock from $293.00 to $331.00 in a report on Monday, May 18th. Barclays reiterated an “overweight” rating and set a $335.00 price target (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. Finally, Susquehanna lifted their price objective on shares of Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research note on Thursday, April 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $324.26.
View Our Latest Stock Analysis on LRCX
Lam Research 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.
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