Annex Advisory Services LLC Acquires 112,156 Shares of Lam Research Corporation $LRCX

Key Points

• Annex Advisory Services LLC increased its Lam Research stake by 9,230.9% in the third quarter, acquiring 112,156 additional shares worth approximately $37.2 million. Institutional investors now own 84.61% of LRCX.
• Lam Research reported quarterly revenue of $6.72 billion and EPS of $1.82, surpassing analyst estimates, while revenue rose 30% year over year. The company also raised its quarterly dividend to $0.33 per share.
• LRCX shares have recently weakened, including a reported nine-session losing streak, despite a “Moderate Buy” consensus rating and a $364.59 average analyst price target. Inflation concerns and elevated post-earnings volatility remain key risks.

Annex Advisory Services LLC grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9,230.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 113,371 shares of the semiconductor company's stock after purchasing an additional 112,156 shares during the period. Annex Advisory Services LLC's holdings in Lam Research were worth $37,243,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LRCX. Van ECK Associates Corp boosted its position in Lam Research by 411.8% during the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company's stock valued at $4,805,368,000 after purchasing an additional 8,922,854 shares during the period. Bank of New York Mellon Corp bought a new stake in Lam Research in the second quarter valued at $3,777,585,000. Corient Private Wealth LLC lifted its stake in Lam Research by 235.5% in the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company's stock valued at $890,040,000 after buying an additional 3,649,553 shares during the last quarter. Jennison Associates LLC lifted its stake in Lam Research by 296.9% in the first quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company's stock valued at $720,740,000 after buying an additional 2,523,351 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Lam Research by 1,994.3% during the first quarter. Assenagon Asset Management S.A. now owns 2,116,233 shares of the semiconductor company's stock worth $452,154,000 after acquiring an additional 2,015,188 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Transactions at Lam Research

In related news, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director directly owned 20,995 shares of the company's stock, valued at $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the business's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. 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. 0.31% of the stock is owned by company insiders.

Lam Research Trading Down 4.9%

Shares of Lam Research stock opened at $263.94 on Friday. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50. The company's fifty day simple moving average is $309.03 and its 200-day simple moving average is $308.04. The company has a market cap of $330.30 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 1.10 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The firm had revenue of $6.72 billion during the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the prior year, the company earned $1.33 EPS. The business's quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts expect that Lam Research Corporation will post 9.34 EPS for the current year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were paid a $0.33 dividend. The ex-dividend date was Wednesday, September 23rd. This is a boost from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. Lam Research's dividend payout ratio is 22.92%.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research is integrating NVIDIA’s NanoVDB open-source library into its SEMulator3D modeling platform. GPU-accelerated wafer-etch simulations could improve chip-design and manufacturing efficiency, supporting the company’s longer-term role in AI-driven semiconductor fabs. Lam Research Ties AI Fab Push to Faster SEMulator3D Modeling
• Positive Sentiment: Analysts continue to see substantial upside, with Benzinga’s 22-analyst average target near $346 and a separate consensus implying roughly 25.6% potential appreciation. Recent earnings-estimate revisions could provide support if Lam delivers a strong quarterly report. Lam Research Stock Hits Longest Losing Streak Ever Wall Street Analysts See Upside in Lam Research
• Neutral Sentiment: Analysts are previewing the quarter ended September 2026, focusing on operating metrics beyond headline revenue and earnings estimates. The report could produce a significant re-rating depending on guidance and demand commentary. Lam Research Q1 Earnings Preview
• Neutral Sentiment: Options markets are pricing a potentially large post-earnings move—about $28.6 billion in implied market capitalization swing—signaling elevated volatility rather than a clear directional view. Lam Research Could Swing After Earnings
• Negative Sentiment: Hotter-than-expected inflation has renewed fears that higher interest rates could restrain AI infrastructure spending, weighing broadly on semiconductor and equipment stocks, including Lam Research. Semiconductor Stocks Trade Down on Inflation Concerns
• Negative Sentiment: Lam Research was on track for its ninth consecutive decline, its longest losing streak since 1984. The persistent technical weakness may be encouraging selling despite analysts’ bullish price targets. Lam Research Dips More Than the Broader Market

Analysts Set New Price Targets

LRCX has been the topic of several analyst reports. Susquehanna restated a "positive" rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Morgan Stanley reiterated an "overweight" rating and issued a $385.00 target price (up from $367.00) on shares of Lam Research in a report on Monday, October 5th. Zacks Research upgraded shares of Lam Research from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Wells Fargo & Company reissued an "overweight" rating and issued a $350.00 price objective (down from $450.00) on shares of Lam Research in a research note on Thursday, July 30th. Finally, Bank of America upped their price target on shares of Lam Research from $330.00 to $480.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $364.59.

Lam Research Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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