China Universal Asset Management Co. Ltd. Buys 4,576 Shares of Lam Research Corporation $LRCX

Key Points

• China Universal Asset Management increased its stake in Lam Research by 9.2%, buying 4,576 shares to hold 54,487 shares valued at about $9.34 million per its latest 13F filing.
• Lam Research beat expectations for the quarter—$1.47 EPS vs. $1.36 and $5.84B revenue vs. $5.70B—and issued Q4 2026 EPS guidance of $1.50–1.80, triggering widespread analyst price-target raises and a consensus "Moderate Buy" rating (avg. target $281.78).
• Despite strong results and heavy institutional ownership, insiders sold roughly 130,886 shares (~$29.66M) in the past 90 days and the stock trades at a high P/E (~48.8), which has raised valuation concerns among some investors.

China Universal Asset Management Co. Ltd. grew its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,487 shares of the semiconductor company's stock after acquiring an additional 4,576 shares during the period. China Universal Asset Management Co. Ltd.'s holdings in Lam Research were worth $9,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its position 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 worth $1,518,542,000 after purchasing an additional 10,053,978 shares during the period. Invesco Ltd. increased its position in Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock worth $2,836,397,000 after purchasing an additional 3,263,658 shares during the period. California Public Employees Retirement System increased its position 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 worth $606,045,000 after purchasing an additional 2,356,897 shares during the period. AQR Capital Management LLC increased its position 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 worth $472,294,000 after purchasing an additional 2,056,749 shares during the period. Finally, M&T Bank Corp increased its position 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 worth $294,010,000 after purchasing an additional 1,632,754 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Price Performance

Lam Research stock opened at $258.56 on Friday. The firm has a market capitalization of $322.88 billion, a P/E ratio of 48.78, a PEG ratio of 2.83 and a beta of 1.78. Lam Research Corporation has a 1 year low of $67.55 and a 1 year high of $273.50. The business has a 50-day moving average of $234.34 and a 200-day moving average of $197.02. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 67.07% 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 in the previous year, the company earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 5.29 EPS for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research's payout ratio is presently 21.31%.

Key Lam Research News

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

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 4,000 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total transaction of $930,000.00. Following the completion of the transaction, the insider directly owned 54,705 shares in the company, valued at approximately $12,718,912.50. The trade was a 6.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Lam Research from $290.00 to $320.00 and gave the stock an "overweight" rating in a research report on Thursday. TD Cowen lifted their price objective on Lam Research from $290.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday. HSBC lifted their price objective on Lam Research from $181.00 to $221.00 and gave the stock a "hold" rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $300.00 price objective on shares of Lam Research in a research report on Wednesday, April 15th. Finally, Argus lifted their price objective on Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. Twenty-six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $281.78.

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.

Want to see what other hedge funds are holding LRCX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lam Research Corporation (NASDAQ:LRCX - Free Report).

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.