Chesapeake Capital Corp IL Takes Position in Lam Research Corporation $LRCX

Chesapeake Capital Corp IL acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,257 shares of the semiconductor company’s stock, valued at approximately $704,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Lam Research during the second quarter valued at about $1,894,585,000. Arrowstreet Capital Limited Partnership increased its stake in shares of Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after buying an additional 10,053,978 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Lam Research by 14.4% in the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after buying an additional 5,102,589 shares during the period. Invesco Ltd. raised its holdings in Lam Research by 18.2% in the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock valued at $2,836,397,000 after buying an additional 3,263,658 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Lam Research by 35.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after buying an additional 2,575,456 shares during the period. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LRCX. TD Cowen boosted their target price on shares of Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. Susquehanna set a $325.00 price objective on shares of Lam Research and gave the stock a “positive” rating in a research note on Thursday, January 29th. HSBC increased their price objective on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a report on Friday, January 30th. Finally, Sanford C. Bernstein raised their target price on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $245.35.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 4,000 shares of Lam Research stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the completion of the transaction, the insider directly owned 54,705 shares of the company’s stock, valued at approximately $12,718,912.50. This trade represents a 6.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 130,886 shares of company stock valued at $29,658,802. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Up 1.3%

Shares of NASDAQ LRCX opened at $212.20 on Friday. The company’s 50 day moving average price is $224.75 and its 200-day moving average price is $172.69. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. Lam Research Corporation has a 52-week low of $56.32 and a 52-week high of $256.68. The company has a market capitalization of $264.99 billion, a P/E ratio of 43.48, a price-to-earnings-growth ratio of 2.25 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Lam Research’s revenue for the quarter was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is presently 21.31%.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam is engaging with BE Semiconductor Industries (BESI) to boost advanced‑packaging capabilities and content — a strategic M&A angle that would accelerate Lam’s exposure to fast‑growing advanced packaging markets. Lam Research BESI Talks Highlight Push Into Advanced Packaging Content — Also reported that BESI has drawn takeover interest with Lam among suitors. Exclusive‑BESI attracts takeover interest as advanced chip packaging demand surges
• Positive Sentiment: Lam and IBM announced a long‑term collaboration to develop processes/materials for sub‑1nm logic and High‑NA EUV — strengthening Lam’s roadmap exposure to next‑gen logic and AI chips. Lam Research IBM Alliance Targets Sub 1nm Logic And AI Chip Demand
• Positive Sentiment: Management is targeting growth in foundry and logic markets and is aiming for gross margins above 50% via pricing and mix — a direct driver of EPS leverage if demand stays strong. Lam Research Corp. (LRCX) Targets Growth in Foundry and Logic Markets
• Positive Sentiment: Analysts have lifted targets and reiterated conviction after solid results and outlook; Barclays raised its price target recently (supportive to near‑term sentiment). Is Lam Research One of the Best Large‑Cap Tech Stocks to Invest In?
• Positive Sentiment: Industry analysis highlights a supply‑constrained WFE cycle and strong AI/advanced‑packaging demand that underpin a multi‑year capex runway for Lam. Lam Research: Supply‑Constrained WFE Cycle Sets Up A Multi‑Year Runway
• Neutral Sentiment: Market momentum: LRCX has rallied ~33% over three months on earnings beats and AI/packaging demand—helpful context but not a new catalyst. LRCX Stock Soars 33% in Three Months
• Negative Sentiment: Valuation concerns: some analysts/commentaries warn the stock may be extended and expect a re‑rating or consolidation — a risk if WFE momentum or execution disappoints. Lam Research: Wonderful Company, But The Price Needs To Come Back To Earth

About Lam Research

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.