Summit Partners Public Asset Management LLC Takes Position in Lam Research Corporation $LRCX

Posted by Stanley Muller on Jun 17th, 2026

Summit Partners Public Asset Management LLC bought a new stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 132,000 shares of the semiconductor company’s stock, valued at approximately $22,596,000.

Other hedge funds have also recently modified their holdings of the company. Fred Alger Management LLC grew its stake in Lam Research by 3.1% in the 4th quarter. Fred Alger Management LLC now owns 39,481 shares of the semiconductor company’s stock worth $6,767,000 after acquiring an additional 1,184 shares in the last quarter. &PARTNERS grew its stake in Lam Research by 14.9% in the 4th quarter. &PARTNERS now owns 117,395 shares of the semiconductor company’s stock worth $20,102,000 after acquiring an additional 15,195 shares in the last quarter. Fullerton Fund Management Co Ltd. bought a new position in Lam Research in the 4th quarter worth about $467,000. Persistent Asset Partners Ltd bought a new position in Lam Research in the 4th quarter worth about $524,000. Finally, Polar Capital Holdings Plc grew its stake in Lam Research by 0.6% in the 4th quarter. Polar Capital Holdings Plc now owns 2,873,948 shares of the semiconductor company’s stock worth $491,962,000 after acquiring an additional 17,686 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Trending Headlines about Lam Research

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

Positive Sentiment: Recent commentary remains upbeat on Lam Research’s growth outlook, with articles highlighting its earnings momentum, strong demand, and potential to outperform over the long term. Is Lam Research (LRCX) a Solid Growth Stock? 3 Reasons to Think “Yes”
Positive Sentiment: The semiconductor sector is enjoying broad strength, with chip ETFs and several peers hitting new highs, which continues to support investor sentiment around Lam Research. Chips Up 8.8% in One Week: 5 Semiconductor Names Breaking Into New Highs
Positive Sentiment: Analysts and market commentary point to Lam’s advanced packaging business as a possible catalyst, especially as AI-driven chip demand boosts etch and deposition equipment orders. Lam Research Expects Packaging Growth of 50: Is It a Hidden Catalyst?
Neutral Sentiment: Lam Research was also featured on CNBC’s “Final Trades,” which can add visibility but does not materially change fundamentals. Alphabet, Lam Research And A Financial Stock On CNBC’s ‘Final Trades’
Neutral Sentiment: Unusual put-option activity and a director share sale under a pre-arranged 10b5-1 plan may be weighing on sentiment, but neither is a clear sign of deteriorating business fundamentals. SEC filing for director share sale
Negative Sentiment: Valuation-focused articles argue that Lam Research is priced for very strong multi-year growth, which can make the stock vulnerable if revenue growth slows or investor expectations become too demanding. Decoding LRCX Stock’s Premium Valuation

Analysts Set New Price Targets

A number of brokerages have commented on LRCX. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Wells Fargo & Company restated an “overweight” rating and issued a $575.00 target price (up from $320.00) on shares of Lam Research in a research note on Monday, June 1st. Susquehanna upped their target price on shares of Lam Research from $350.00 to $385.00 and gave the stock a “positive” rating in a research note on Thursday, April 23rd. Barclays restated an “overweight” rating and issued a $335.00 target price (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Finally, Berenberg Bank increased their price objective on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $324.26.

Check Out Our Latest Research Report on LRCX

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This trade represents 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 the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, 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. 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. Insiders sold a total of 86,339 shares of company stock worth $27,680,267 over the last three months. Corporate insiders own 0.31% of the company’s stock.

Lam Research Price Performance

NASDAQ LRCX opened at $369.34 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The firm’s 50 day moving average price is $292.53 and its 200-day moving average price is $237.34. Lam Research Corporation has a 52-week low of $87.75 and a 52-week high of $393.07. The company has a market cap of $461.89 billion, a PE ratio of 69.69, a P/E/G ratio of 3.20 and a beta of 1.85.

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, beating analysts’ consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts forecast that Lam Research Corporation will post 5.7 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is 19.62%.

About Lam Research

(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.