Bayforest Capital Ltd Sells 6,678 Shares of Lam Research Corporation $LRCX

Key Points

• Bayforest Capital Ltd reduced its stake in Lam Research by 94.7%, selling 6,678 shares and leaving 371 shares valued at about $64,000 at the end of the quarter.
• Company insiders sold a total of 130,886 shares worth roughly $29.66 million last quarter (including Director Eric Brandt and CFO Douglas Bettinger); institutional investors now own 84.61% of the stock while corporate insiders hold 0.31%.
• Lam Research beat Q3 estimates with $1.47 EPS and $5.84B revenue, provided Q4 EPS guidance of $1.50–1.80, and prompted analysts to lift price targets (consensus "Moderate Buy," average target $281.78), though some warn valuations may be stretched after the recent run-up.

Bayforest Capital Ltd reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 94.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 371 shares of the semiconductor company's stock after selling 6,678 shares during the period. Bayforest Capital Ltd's holdings in Lam Research were worth $64,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. TFR Capital LLC. lifted its stake in shares of Lam Research by 2.1% during the 4th quarter. TFR Capital LLC. now owns 8,235 shares of the semiconductor company's stock valued at $1,410,000 after buying an additional 167 shares in the last quarter. Elevated Capital Advisors LLC purchased a new stake in shares of Lam Research during the 4th quarter valued at approximately $46,000. Global Financial Private Client LLC lifted its stake in shares of Lam Research by 0.5% during the 4th quarter. Global Financial Private Client LLC now owns 11,037 shares of the semiconductor company's stock valued at $1,889,000 after buying an additional 52 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Lam Research by 3.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 44,678 shares of the semiconductor company's stock valued at $7,648,000 after buying an additional 1,542 shares in the last quarter. Finally, Traphagen Investment Advisors LLC lifted its stake in shares of Lam Research by 2.4% during 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 in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Lam Research

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

• Positive Sentiment: Q3 beat and upbeat guidance — Lam reported $1.47 EPS and $5.84B revenue (both above expectations) and issued FYQ4 EPS guidance of $1.50–1.80 and revenue guidance above consensus, underpinning the bullish case on AI-driven equipment demand. Press Release
• Positive Sentiment: Wall Street raises targets — Dozens of firms raised price targets and kept buy/overweight ratings (e.g., JPMorgan, BofA, Bernstein, TD Cowen, Susquehanna), signaling renewed analyst conviction in a multi-year wafer‑fab equipment cycle. JPMorgan Target Coverage
• Positive Sentiment: AI / memory tailwinds — Coverage and commentary highlight AI-driven demand (incl. record support sales and memory/DRAM tightness) as a structural revenue and margin driver for Lam’s tools. Deep Dive
• Neutral Sentiment: Analyst detail & metrics — Earnings coverage (Zacks, Seeking Alpha transcripts, slide deck) gives deeper look at backlog, margins and inventory improvements; useful for modeling but not immediately directional. Zacks Analysis
• Neutral Sentiment: Industry supply commentary — Analysts and industry voices (SemiAnalysis) argue DRAM and AI demand could outpace capacity, which supports long‑term demand but also increases cyclicality and capex timing uncertainty. DRAM Demand Article
• Negative Sentiment: Valuation concerns / profit‑taking — Several pieces question whether the run (roughly +300% Y/Y) has priced in too much; some investors are trimming positions given rich multiples and rapid price appreciation. Is It Too Late?
• Negative Sentiment: Analyst caution on price vs. fundamentals — Commentary like Seeking Alpha’s note flags the AI upcycle but argues the stock may be expensive relative to expected returns, a reason for near‑term downside pressure. SA Valuation Piece

Insiders Place Their Bets

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the business's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares of the company's stock, valued at $57,235,848. The trade was a 12.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business'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 transaction of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares of the company's stock, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 130,886 shares of company stock valued at $29,658,802 in the last quarter. Corporate insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Barclays set a $275.00 target price on shares of Lam Research and gave the stock an "equal weight" rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday. Morgan Stanley upped their target price on shares of Lam Research from $254.00 to $260.00 and gave the stock an "equal weight" rating in a report on Monday, April 6th. Susquehanna upped their target price on shares of Lam Research from $350.00 to $385.00 and gave the stock a "positive" rating in a report on Thursday. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Lam Research in a report on Thursday, January 29th. Twenty-six investment 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $281.78.

Lam Research Price Performance

LRCX stock opened at $258.56 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research Corporation has a one year low of $67.55 and a one year high of $273.50. The stock has a market cap of $322.88 billion, a PE ratio of 48.78, a P/E/G ratio of 2.83 and a beta of 1.78. The firm has a 50 day simple moving average of $234.34 and a two-hundred day simple moving average of $197.02.

Lam Research (NASDAQ:LRCX - Get Free Report) last released 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. Lam Research had a net margin of 30.94% and a return on equity of 67.07%. The business had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. During the same quarter in the previous year, the company earned $1.04 EPS. The business's quarterly revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts predict that Lam Research Corporation will post 5.29 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Lam Research's payout ratio is currently 21.31%.

About Lam Research

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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