AFT Forsyth & Company Inc. Takes $822,000 Position in Lam Research Corporation $LRCX

Key Points

• AFT Forsyth & Company Inc. opened a new position in Lam Research, buying 4,804 shares valued at about $822,000 in the fourth quarter.
• Lam Research continues to attract major institutional interest, with firms like Norges Bank, Arrowstreet, and Franklin Resources adding large stakes; 84.61% of the stock is now owned by institutions.
• The company reported strong quarterly results, beating earnings and revenue estimates, and also raised its Q4 2026 guidance while analysts maintain a Moderate Buy rating and an average price target of $322.01.

AFT Forsyth & Company Inc. bought a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,804 shares of the semiconductor company's stock, valued at approximately $822,000.

Several other institutional investors also recently made changes to their positions in LRCX. Norges Bank bought a new position in shares of Lam Research during the fourth quarter valued at approximately $3,645,427,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Lam Research by 781.3% during 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 purchasing an additional 10,053,978 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Lam Research by 57.0% during the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company's stock valued at $1,730,724,000 after purchasing an additional 3,671,073 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock valued at $2,836,397,000 after purchasing an additional 3,263,658 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Lam Research by 108.7% during the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company's stock valued at $606,045,000 after purchasing an additional 2,356,897 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Stock Performance

LRCX opened at $366.81 on Friday. The company has a market capitalization of $458.72 billion, a price-to-earnings ratio of 69.21, a price-to-earnings-growth ratio of 3.04 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. Lam Research Corporation has a 1-year low of $87.75 and a 1-year high of $373.82. The business has a 50 day moving average price of $286.10 and a two-hundred day moving average price of $233.58.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts predict that Lam Research Corporation will post 5.7 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research's payout ratio is presently 19.62%.

Insiders Place Their Bets

In related news, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. This trade represents a 21.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction on 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 completion of the transaction, the insider owned 53,205 shares of the company's stock, valued at $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. Insiders sold a total of 31,839 shares of company stock worth $8,561,667 over the last 90 days. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent research reports. Jefferies Financial Group upped their target price on Lam Research from $285.00 to $315.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. increased their price objective on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Seaport Research Partners began coverage on Lam Research in a report on Monday, May 4th. They issued a "buy" rating and a $300.00 price objective for the company. BNP Paribas Exane increased their price objective on Lam Research from $250.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, April 23rd. Finally, Susquehanna increased their price objective on Lam Research from $350.00 to $385.00 and gave the stock a "positive" rating in a report 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $322.01.

More Lam Research News

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

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.

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