Ashton Thomas Private Wealth LLC Sells 5,102 Shares of Lam Research Corporation $LRCX

Key Points

• Ashton Thomas Private Wealth LLC reduced its Lam Research stake by 6.0%, selling 5,102 shares and finishing the quarter with 80,455 shares valued at about $13.79 million.
• Other large institutions (Arrowstreet, Invesco, CalPERS, AQR, M&T) materially increased positions, leaving 84.61% of LRCX owned by institutional investors.
• Lam beat Q3 expectations (EPS $1.47; revenue $5.84B) and issued strong AI-driven guidance, spurring multiple analyst price-target raises and a consensus "Moderate Buy" with an average target near $284.49.

Ashton Thomas Private Wealth LLC reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,455 shares of the semiconductor company's stock after selling 5,102 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Lam Research were worth $13,794,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in LRCX. Arrowstreet Capital Limited Partnership grew its stake in Lam Research by 781.3% in 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. Invesco Ltd. grew its stake in Lam Research by 18.2% in 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. California Public Employees Retirement System grew its stake in Lam Research by 108.7% in 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. AQR Capital Management LLC grew its stake in Lam Research by 138.6% in the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company's stock valued at $472,294,000 after purchasing an additional 2,056,749 shares during the last quarter. Finally, M&T Bank Corp grew its stake in Lam Research by 1,925.5% in the fourth quarter. M&T Bank Corp now owns 1,717,551 shares of the semiconductor company's stock valued at $294,010,000 after purchasing an additional 1,632,754 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

More Lam Research News

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

• Positive Sentiment: Q3 results beat expectations (EPS $1.47, revenue $5.84B) and management gave strong FY guidance tied to AI demand — investors view this as confirmation of a multi-year WFE upcycle. Earnings & press coverage
• Positive Sentiment: Major analysts have lifted price targets across the board (examples: TD Cowen $340, Susquehanna $385, JPMorgan $315, BofA $330), signaling upgraded revenue and margin forecasts driven by AI memory and logic chip spending. Analyst target upgrades
• Positive Sentiment: Several bank research notes reiterated buy/outperform ratings and sizable upside, reinforcing momentum and prompting institutional buyers to add exposure. Deutsche Bank price target raise
• Neutral Sentiment: Broad market action (Dow slip while Nasdaq gains) and strong moves in other chip names (Intel, AMD, Arm) contributed to sector flow into semiconductor-equipment names including LRCX. Market breadth coverage
• Neutral Sentiment: Not all firms moved to buy: a few kept neutral/equal-weight stances (e.g., Morgan Stanley, BNP Paribas), showing some analysts want to see more cycles of delivery before upgrading conviction. Morgan Stanley note
• Negative Sentiment: Valuation concerns: commentary and analysis warn the stock reflects a lot of AI upside already — some investors may view multiple and momentum as stretched, which could amplify pullbacks on any growth-slow surprises. Valuation caution analysis

Wall Street Analyst Weigh In

Several research firms have issued reports on LRCX. Rothschild & Co Redburn lifted their target price on Lam Research from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, February 6th. TD Cowen lifted their target price on Lam Research from $290.00 to $340.00 and gave the company a "buy" rating in a research note on Thursday. Bank of America lifted their target price on Lam Research from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday. Sanford C. Bernstein lifted their target price on Lam Research from $285.00 to $325.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Weiss Ratings upgraded Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research currently has an average rating of "Moderate Buy" and a consensus price target of $284.49.

Insider Transactions at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ava Harter sold 1,500 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total value of $333,990.00. Following the sale, the insider owned 53,205 shares in the company, valued at $11,846,625.30. The trade was a 2.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 130,886 shares of company stock worth $29,658,802. Insiders own 0.31% of the company's stock.

Lam Research Price Performance

Shares of LRCX stock opened at $267.78 on Monday. Lam Research Corporation has a fifty-two week low of $68.53 and a fifty-two week high of $275.84. The firm has a market capitalization of $334.88 billion, a price-to-earnings ratio of 50.52, a PEG ratio of 2.27 and a beta of 1.78. 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 stock's 50-day simple moving average is $234.99 and its 200-day simple moving average is $198.63.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued 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 analyst estimates of $5.70 billion. During the same quarter in the previous year, the firm earned $1.04 earnings per share. The company's revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts forecast that Lam Research Corporation will post 5.53 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research's payout ratio is presently 19.62%.

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.