Banco Santander S.A. Raises Position in Lam Research Corporation $LRCX

Key Points

• Banco Santander S.A. increased its stake in Lam Research by 19% in the fourth quarter, ending with 299,635 shares valued at about $51.3 million.
• Lam Research reported better-than-expected quarterly results, with earnings of $1.47 per share and revenue of $5.84 billion, and it said Q4 2026 EPS guidance ranges from $1.50 to $1.80.
• Analysts remain broadly constructive on the stock: several firms raised price targets, and the consensus rating is Moderate Buy with an average target price of $322.01.

Banco Santander S.A. grew its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 299,635 shares of the semiconductor company's stock after purchasing an additional 47,870 shares during the quarter. Banco Santander S.A.'s holdings in Lam Research were worth $51,292,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC raised its position in shares of Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after buying an additional 12,936 shares during the period. Caxton Associates LLP purchased a new position in shares of Lam Research in the 1st quarter worth $239,000. Gabelli Funds LLC purchased a new position in shares of Lam Research in the 2nd quarter worth $253,000. NewEdge Advisors LLC raised its position in shares of Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock worth $9,785,000 after buying an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. raised its position in shares of Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock worth $77,000 after buying an additional 781 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 1.2%

Shares of Lam Research stock opened at $366.81 on Friday. The business has a 50-day moving average of $286.10 and a 200-day moving average of $233.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The company has a market capitalization of $458.72 billion, a PE ratio of 69.21, a P/E/G ratio of 3.00 and a beta of 1.85. Lam Research Corporation has a 1-year low of $87.75 and a 1-year high of $373.82.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. The business 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 company's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. 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 5.67 EPS for the current fiscal year.

Lam Research Announces Dividend

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

Lam Research News Summary

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

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares in the company, valued at $16,872,153.06. This represents a 21.55% decrease in their position. 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 31,839 shares of company stock valued at $8,561,667 over the last quarter. Insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LRCX. Citigroup reaffirmed a "buy" rating and issued a $315.00 target price (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $290.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Berenberg Bank increased their target price on Lam Research from $265.00 to $335.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. New Street Research increased their target price on Lam Research from $235.00 to $280.00 and gave the stock a "neutral" rating in a research report on Monday, April 27th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $575.00 target price (up from $320.00) on shares of Lam Research in a research report on Monday, June 1st. Twenty-eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $322.01.

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.

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