Clear Street Group Inc. Takes $2.69 Million Position in Lam Research Corporation $LRCX

Key Points

• Clear Street Group purchased a new position in Lam Research, acquiring 20,077 shares worth approximately $2.69 million during the third quarter, per its latest 13F filing.
• Lam Research beat expectations with Q results of $1.27 EPS vs $1.17 estimate and $5.34B revenue (up 22.1% YoY), set Q3 2026 EPS guidance of $1.25–1.45, and has seen multiple analyst price‑target upgrades with a consensus "Moderate Buy" and average target of $245.35.
• Major institutions (Vanguard, State Street, JPMorgan, Invesco) increased stakes and Norges Bank opened a large position, leaving institutional ownership at about 84.61%, while insiders sold roughly 130,886 shares (~$29.7M) in the last quarter.

Clear Street Group Inc. purchased a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 20,077 shares of the semiconductor company's stock, valued at approximately $2,688,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Lam Research by 0.3% during the third 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 during the last quarter. State Street Corp boosted its position in Lam Research by 1.1% in the second quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company's stock worth $5,810,172,000 after purchasing an additional 629,666 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Lam Research by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company's stock valued at $3,954,188,000 after purchasing an additional 5,102,589 shares during the period. Invesco Ltd. grew its stake in shares of Lam Research by 18.2% during the 3rd 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 period. Finally, Norges Bank purchased a new stake in shares of Lam Research during the 2nd quarter valued at about $1,894,585,000. Institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 1.3%

Lam Research stock opened at $212.20 on Friday. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $256.68. The firm has a market capitalization of $264.99 billion, a price-to-earnings ratio of 43.48, a P/E/G ratio of 2.28 and a beta of 1.77. The firm has a 50 day moving average of $224.75 and a 200 day moving average of $173.18. 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 issued its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company's revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, research analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.5%. Lam Research's dividend payout ratio is currently 21.31%.

Insiders Place Their Bets

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the company'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 completion of the transaction, the chief financial officer owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 1,500 shares of the 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 of the company's stock, valued at $11,846,625.30. This represents a 2.74% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 130,886 shares of company stock worth $29,658,802. Corporate insiders own 0.31% of the company's stock.

More Lam Research News

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

• Positive Sentiment: Lam is engaging with BE Semiconductor Industries (BESI) to boost advanced‑packaging capabilities and content — a strategic M&A angle that would accelerate Lam’s exposure to fast‑growing advanced packaging markets. Lam Research BESI Talks Highlight Push Into Advanced Packaging Content — Also reported that BESI has drawn takeover interest with Lam among suitors. Exclusive‑BESI attracts takeover interest as advanced chip packaging demand surges
• Positive Sentiment: Lam and IBM announced a long‑term collaboration to develop processes/materials for sub‑1nm logic and High‑NA EUV — strengthening Lam’s roadmap exposure to next‑gen logic and AI chips. Lam Research IBM Alliance Targets Sub 1nm Logic And AI Chip Demand
• Positive Sentiment: Management is targeting growth in foundry and logic markets and is aiming for gross margins above 50% via pricing and mix — a direct driver of EPS leverage if demand stays strong. Lam Research Corp. (LRCX) Targets Growth in Foundry and Logic Markets
• Positive Sentiment: Analysts have lifted targets and reiterated conviction after solid results and outlook; Barclays raised its price target recently (supportive to near‑term sentiment). Is Lam Research One of the Best Large‑Cap Tech Stocks to Invest In?
• Positive Sentiment: Industry analysis highlights a supply‑constrained WFE cycle and strong AI/advanced‑packaging demand that underpin a multi‑year capex runway for Lam. Lam Research: Supply‑Constrained WFE Cycle Sets Up A Multi‑Year Runway
• Neutral Sentiment: Market momentum: LRCX has rallied ~33% over three months on earnings beats and AI/packaging demand—helpful context but not a new catalyst. LRCX Stock Soars 33% in Three Months
• Negative Sentiment: Valuation concerns: some analysts/commentaries warn the stock may be extended and expect a re‑rating or consolidation — a risk if WFE momentum or execution disappoints. Lam Research: Wonderful Company, But The Price Needs To Come Back To Earth

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of Lam Research from $170.00 to $290.00 and gave the stock a "buy" rating in a research note on Thursday, January 29th. Mizuho set a $265.00 target price on shares of Lam Research in a report on Wednesday, January 28th. Summit Insights upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Thursday, January 29th. Needham & Company LLC increased their price target on shares of Lam Research from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Finally, Sanford C. Bernstein lifted their price target on shares of Lam Research from $275.00 to $285.00 and gave the stock an "outperform" rating in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $245.35.

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.

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