Lam Research Corporation $LRCX Shares Acquired by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC grew its holdings in Lam Research Corporation (NASDAQ:LRCX) by 21.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 1,716,798 shares of the semiconductor company’s stock after buying an additional 303,045 shares during the quarter. Lam Research accounts for about 0.9% of Lord Abbett & CO. LLC’s investment portfolio, making the stock its 17th biggest holding. Lord Abbett & CO. LLC’s holdings in Lam Research were worth $293,881,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. PMV Capital Advisers LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at approximately $25,000. Core Wealth Advisors LLC purchased a new position in Lam Research during the fourth quarter worth $29,000. Stance Capital LLC purchased a new position in Lam Research during the third quarter worth $26,000. Triumph Capital Management purchased a new position in Lam Research during the third quarter worth $27,000. Finally, Jessup Wealth Management Inc purchased a new position in Lam Research during the fourth quarter worth $38,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research is benefiting from renewed optimism around wafer-fab equipment demand, with management recently raising its 2026 WFE market forecast to $140 billion and analysts lifting price targets on expectations that AI-driven chip investment will stay strong. Article Title
• Positive Sentiment: Recent coverage highlighted Lam Research as a core beneficiary of the AI infrastructure boom, with Barclays reiterating constructive views on chip-equipment names and investors focusing on ongoing spending for new semiconductor supply. Article Title
• Positive Sentiment: Lam Research’s recent earnings outperformance and upbeat guidance continue to support the bullish case, with the company beating estimates and projecting stronger revenue momentum into upcoming quarters. Article Title
• Neutral Sentiment: Some recent pieces focus on valuation after the AI-driven rally, suggesting investors are now weighing how much upside is already priced in after a sharp run-up. Article Title
• Negative Sentiment: Broader semiconductor stocks have remained volatile, and one recent session saw LRCX fall more steeply than the market, showing that the stock can still be pressured by sector-wide AI and macro swings. Article Title

Insider Transactions at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 31,839 shares of company stock valued at $8,561,667. 0.31% of the stock is owned by company insiders.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $366.81 on Friday. The company has a market cap of $458.72 billion, a P/E ratio of 69.21, a P/E/G ratio of 3.00 and a beta of 1.85. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 52 week low of $87.75 and a 52 week high of $373.82. The business has a fifty day simple moving average of $286.10 and a 200-day simple moving average of $233.58.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results 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. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the business earned $1.04 earnings per share. The firm’s quarterly revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts forecast that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Dividend Announcement

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

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent research reports. Bank of America raised their price target on Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Sanford C. Bernstein lifted their price objective on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Mizuho set a $380.00 price objective on Lam Research and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Oppenheimer reaffirmed an “outperform” rating and issued a $330.00 price objective on shares of Lam Research in a research report on Thursday, April 23rd. Finally, Jefferies Financial Group lifted their price objective on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and a consensus price target of $322.01.

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.