Ardsley Advisory Partners LP Invests $4.33 Million in Lam Research Corporation $LRCX

Key Points

• Ardsley Advisory Partners initiated a $4.33 million position in Lam Research by purchasing 10,000 shares during the second quarter. Institutional investors collectively own 84.61% of the company.
• Analysts remain broadly bullish, with one Strong Buy and 26 Buy ratings versus five Holds; the consensus rating is Moderate Buy with a $358.47 price target.
• Lam Research exceeded quarterly expectations with $1.82 in EPS and $6.72 billion in revenue, up 30% year over year. However, insiders sold 80,441 shares worth $27.6 million over the past three months.

Ardsley Advisory Partners LP bought a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,000 shares of the semiconductor company's stock, valued at approximately $4,333,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Cedar Mountain Advisors LLC boosted its stake in Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock worth $26,000 after buying an additional 85 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of Lam Research in the 1st quarter worth $26,000. Bayban acquired a new stake in shares of Lam Research in the 4th quarter worth $26,000. Mcguire Capital Advisors Inc. purchased a new position in shares of Lam Research during the 4th quarter worth $27,000. Finally, Core Wealth Advisors LLC purchased a new position in shares of Lam Research during the 4th quarter worth $29,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LRCX has been the subject of a number of analyst reports. Oppenheimer reissued an "outperform" rating and issued a $400.00 price objective (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. B. Riley Financial reduced their target price on shares of Lam Research from $385.00 to $350.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Bank of America increased their price target on shares of Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. UBS Group restated a "buy" rating and set a $375.00 price target (up from $310.00) on shares of Lam Research in a report on Tuesday, June 9th. Finally, Barclays reiterated an "overweight" rating and issued a $335.00 price objective (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. One investment 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 MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $358.47.

Insider Activity at Lam Research

In related news, SVP Neil J. Fernandes sold 7,659 shares of the firm'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 transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares of the company's stock, valued at approximately $69,881,114. This represents a 21.48% 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. Insiders sold 80,441 shares of company stock worth $27,614,296 in the last three months. 0.31% of the stock is owned by company insiders.

Lam Research Stock Up 4.7%

Shares of NASDAQ LRCX opened at $326.11 on Thursday. The firm has a market cap of $408.07 billion, a price-to-earnings ratio of 56.62, a PEG ratio of 1.24 and a beta of 1.84. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a 52-week low of $94.11 and a 52-week high of $438.50. The business's 50 day moving average is $338.86 and its two-hundred day moving average is $281.96.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The firm's 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. Research analysts predict that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's dividend payout ratio is presently 18.06%.

More Lam Research News

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

• Positive Sentiment: Strong earnings and raised forecasts: Lam Research recently exceeded quarterly earnings and revenue expectations, with revenue up 30% year over year. Erste Group Bank raised its fiscal 2027 EPS estimate to $9.27 from $8.05, broadly in line with the $9.32 consensus forecast. The company also issued fiscal first-quarter 2027 EPS guidance of $2.00–$2.30, reinforcing expectations for continued growth.
• Positive Sentiment: AI-driven equipment demand: Analysts continue to identify LRCX as a leading AI-related semiconductor equipment stock, citing strong results, growth prospects and potential upside as chipmakers increase capital spending to support AI infrastructure. Buy and Hold These 2 Top-Ranked AI-Led Semiconductor Equipment Stocks
• Positive Sentiment: Expansion into panel-level packaging: Lam is entering panel-level packaging, an emerging market intended to support larger, more complex AI chips. The move could provide an additional growth avenue beyond its core wafer-fabrication equipment business. Lam Research Enters Panel-Level Packaging: Is This a Growth Catalyst?
• Positive Sentiment: Workforce-development partnership: Lam and NY CREATES will use Lam’s Semiverse virtual-fabrication platform to help train approximately 3,500 university students in semiconductor process integration over five years. The initiative strengthens industry relationships and supports the labor pipeline, though its financial impact is likely long term. Lam Research and NY Creates Team Up to Enable Training of University Students for the Semiconductor Workforce
• Neutral Sentiment: Investor attention remains elevated: Jim Cramer’s upcoming semiconductor-focused call may increase visibility for LRCX, but any impact depends on his comments and is primarily sentiment-driven. 5 Semiconductor Stocks Jim Cramer Could Be Talking About on Thursday
• Neutral Sentiment: Short-interest data is unreliable: A report showing zero shares sold short and a zero-day short ratio appears to reflect faulty or incomplete data, so it offers little actionable information for investors.
• Negative Sentiment: Potential long-term industry competition: SpaceX’s proposed Terrafab facility could challenge the current memory-chip supply structure. The threat is aimed mainly at Micron, SK Hynix and Samsung, but broader changes in semiconductor manufacturing could affect equipment demand and industry dynamics over time.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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