ARS Investment Partners LLC Sells 3,641 Shares of Lam Research Corporation $LRCX

Key Points

• ARS Investment Partners LLC trimmed its Lam Research stake by 3,641 shares in the fourth quarter, leaving it with 435,459 shares valued at about $74.5 million. Lam Research remains a major holding, making up roughly 4.4% of the firm’s portfolio.
• Analysts remain broadly positive on LRCX, with several firms raising price targets after recent earnings strength. The stock currently carries a Moderate Buy consensus and a MarketBeat price target of $291.75.
• Lam Research recently beat quarterly expectations, reporting $1.47 EPS on $5.84 billion in revenue, while revenue rose 23.8% year over year. The company also said it expects Q4 2026 EPS of $1.50 to $1.80.

ARS Investment Partners LLC decreased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 435,459 shares of the semiconductor company's stock after selling 3,641 shares during the quarter. Lam Research makes up about 4.4% of ARS Investment Partners LLC's investment portfolio, making the stock its 5th largest position. ARS Investment Partners LLC's holdings in Lam Research were worth $74,542,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of LRCX. Traphagen Investment Advisors LLC grew its position in shares of Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock valued at $336,000 after buying an additional 46 shares during the last quarter. Field & Main Bank grew its position in shares of Lam Research by 1.1% in the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock valued at $790,000 after buying an additional 50 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Lam Research by 1.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock valued at $795,000 after purchasing an additional 51 shares during the period. Retirement Planning Group LLC lifted its stake in shares of Lam Research by 2.9% in the 4th quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company's stock valued at $314,000 after purchasing an additional 51 shares during the period. Finally, Plancorp LLC lifted its stake in shares of Lam Research by 2.1% in the 4th quarter. Plancorp LLC now owns 2,518 shares of the semiconductor company's stock valued at $431,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on LRCX shares. Bank of America boosted their price objective on Lam Research from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. boosted their price objective on Lam Research from $300.00 to $315.00 and gave the company an "overweight" rating in a research note on Thursday, April 23rd. Berenberg Bank boosted their price objective on Lam Research from $265.00 to $335.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. TD Cowen boosted their price objective on Lam Research from $290.00 to $340.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Finally, New Street Research boosted their price objective on Lam Research from $235.00 to $280.00 and gave the company a "neutral" rating in a research note on Monday, April 27th. Twenty-six research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.75.

Insider Buying and Selling

In related news, insider Ava Harter sold 6,010 shares of the company's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares of the company's stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 120,066 shares of company stock valued at $27,953,242. 0.31% of the stock is owned by company insiders.

More Lam Research News

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

• Positive Sentiment: Lam Research is benefiting from AI-driven demand for semiconductor manufacturing equipment, with reports citing record quarterly revenue and EPS, along with expanding margins. Lam Research Rides AI Boom With Record Results And Margin Expansion
• Positive Sentiment: Management reportedly lifted its outlook for wafer fabrication equipment spending and advanced packaging revenue, reinforcing expectations for continued growth tied to AI infrastructure. Why Lam Research (LRCX) Is Levered to AI-Driven Wafer Fab and Packaging Spending
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple reports pointing to bullish analyst views and higher price targets after the company topped estimates and reached record stock levels. Lam Research (LRCX) Stock Surges Past $300 Milestone as Wall Street Boosts Price Targets
• Neutral Sentiment: Several articles focused on Lam Research’s long-term investment appeal and why investors favor the stock, which adds to the positive narrative but does not appear to introduce new catalysts. If You Invested $1000 in Lam Research a Decade Ago, This is How Much It'd Be Worth Now
• Neutral Sentiment: Conference-participation news may keep Lam Research visible to investors, but it is not likely to move the stock on its own. Lam Research Corporation Announces Participation at Upcoming Conferences

Lam Research Stock Down 4.8%

LRCX stock opened at $284.72 on Friday. The stock's 50 day simple moving average is $246.23 and its 200 day simple moving average is $210.73. Lam Research Corporation has a fifty-two week low of $79.49 and a fifty-two week high of $302.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The company has a market cap of $356.06 billion, a P/E ratio of 53.72, a price-to-earnings-growth ratio of 2.36 and a beta of 1.81.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly 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. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the prior year, the business earned $1.04 EPS. The firm's revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, research analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Company 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.

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