Lam Research Corporation $LRCX is Homestead Advisers Corp’s 4th Largest Position

Homestead Advisers Corp lessened its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 5.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,073,800 shares of the semiconductor company’s stock after selling 61,900 shares during the period. Lam Research accounts for approximately 3.4% of Homestead Advisers Corp’s holdings, making the stock its 4th biggest position. Homestead Advisers Corp’s holdings in Lam Research were worth $143,782,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LRCX. Lingohr Asset Management GmbH raised its stake in Lam Research by 590.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after acquiring an additional 50,933 shares during the period. Mediolanum International Funds Ltd increased its stake in shares of Lam Research by 52.0% in the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock worth $34,417,000 after purchasing an additional 89,856 shares in the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Lam Research by 8.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after purchasing an additional 10,408 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Lam Research by 30.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after buying an additional 34,147 shares in the last quarter. Finally, Truist Financial Corp boosted its holdings in Lam Research by 119.6% in the 3rd quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock worth $224,502,000 after buying an additional 913,009 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LRCX. UBS Group set a $300.00 price objective on Lam Research in a research report on Thursday, January 29th. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. New Street Research upped their price target on Lam Research from $195.00 to $235.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Rothschild & Co Redburn increased their price objective on shares of Lam Research from $150.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Needham & Company LLC boosted their target price on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $243.32.

Lam Research Stock Down 8.8%

Shares of LRCX opened at $209.78 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The stock has a market capitalization of $261.97 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.78. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $251.87. The business’s 50 day simple moving average is $191.69 and its 200-day simple moving average is $148.96.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the previous year, the business posted $0.91 earnings per share. Lam Research’s quarterly revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Multiple analyst price-target raises and buy reiterations have lifted sentiment and helped push the shares higher—Argus raised its target to $280 and other firms (e.g., B. Riley) have issued higher targets and buy ratings. Argus price-target raise B. Riley raises PT to $310
• Positive Sentiment: Investors are reacting to corporate governance and talent moves: Lam announced leadership role elevations aimed at accelerating AI-era execution and added Cadence CEO Dr. Anirudh Devgan to the board — both signals of management strengthening and strategic focus. Leadership transitions Board appointment
• Positive Sentiment: Strategic R&D collaboration expansion (Lam & CEA-Leti) and other partnership news support the company’s technology roadmap for next-generation nodes and packaging — a positive for long-term equipment demand. Lam Research, CEA-Leti expand collaboration
• Neutral Sentiment: Broker and media coverage highlights Lam’s earnings and price momentum (Zacks coverage argues growth attributes and momentum make LRCX attractive), which can sustain interest but also draws attention to expectations. Zacks: 3 reasons growth investors shouldn’t overlook Lam Zacks: earnings & price momentum
• Neutral Sentiment: Sector-level volatility is a factor: commentary about KLA’s post-earnings swing and differing WFE market definitions has created short-term noise across wafer fab-equipment names (including Lam), which can amplify intraday moves independent of Lam-specific fundamentals. KLA sector commentary
• Neutral Sentiment: Some coverage notes Lam underperformed peers on a recent day despite gains, a reminder that relative performance and rotation within the sector can mute upside even amid bullish analyst revisions. MarketWatch: underperformance vs peers

Insider Activity at Lam Research

In related news, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares in the company, valued at approximately $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

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.