Black Creek Investment Management Inc. Sells 22,538 Shares of Lam Research Corporation $LRCX

Key Points

• Black Creek Investment Management reduced its Lam Research stake by 22.5% in the fourth quarter, selling 22,538 shares and leaving it with 77,574 shares valued at about $13.3 million.
• Wall Street sentiment remains constructive, with multiple analysts raising price targets and the stock carrying a Moderate Buy consensus and an average target price of $322.01.
• Lam Research has also posted solid operating results, beating quarterly EPS and revenue estimates, while recent insider sales and a new quarterly dividend underscore continued investor attention.

Black Creek Investment Management Inc. lessened its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 22.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 77,574 shares of the semiconductor company's stock after selling 22,538 shares during the period. Lam Research makes up approximately 0.7% of Black Creek Investment Management Inc.'s holdings, making the stock its 20th largest position. Black Creek Investment Management Inc.'s holdings in Lam Research were worth $13,279,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Fideuram Asset Management Ireland dac acquired a new position in Lam Research in the 4th quarter valued at approximately $10,035,000. Generali Investments Management Co LLC raised its holdings in Lam Research by 62.0% in the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company's stock valued at $6,209,000 after acquiring an additional 13,878 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in Lam Research by 115.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company's stock valued at $2,972,000 after acquiring an additional 11,883 shares in the last quarter. Vanguard Group Inc. raised its holdings in Lam Research by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company's stock valued at $17,537,447,000 after acquiring an additional 364,949 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new position in Lam Research in the 3rd quarter valued at approximately $1,229,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LRCX shares. JPMorgan Chase & Co. upped their price target on Lam Research from $300.00 to $315.00 and gave the company an "overweight" rating in a report on Thursday, April 23rd. Sanford C. Bernstein upped their price target on Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $290.00 price target on shares of Lam Research in a report on Thursday, April 23rd. New Street Research upped their price target on Lam Research from $235.00 to $280.00 and gave the company a "neutral" rating in a report on Monday, April 27th. Finally, TD Cowen upped their price target on Lam Research from $290.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $322.01.

Insider Activity at Lam Research

In other news, SVP Neil J. Fernandes sold 7,659 shares of the company's stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 31,839 shares of company stock worth $8,561,667. Corporate insiders own 0.31% of the company's stock.

Lam Research News Roundup

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

Lam Research Trading Up 1.2%

LRCX stock opened at $366.81 on Friday. Lam Research Corporation has a 1-year low of $87.75 and a 1-year high of $373.82. The firm has a market cap of $458.72 billion, a P/E ratio of 69.21, a P/E/G ratio of 3.04 and a beta of 1.85. The business's 50 day moving average is $286.10 and its 200-day moving average is $233.58. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the prior year, the company posted $1.04 EPS. The company's 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. Equities analysts anticipate that Lam Research Corporation will post 5.7 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research's dividend payout ratio is currently 19.62%.

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.

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.