Cookson Peirce & Co. Inc. Grows Stock Position in Lam Research Corporation $LRCX

Key Points

• Cookson Peirce & Co. Inc. boosted its Lam Research stake by 614.7% in the fourth quarter, ending with 75,113 shares valued at about $12.9 million.
• Lam Research reported better-than-expected quarterly results, with EPS of $1.47 and revenue of $5.84 billion, both above analyst estimates. Revenue also rose 23.8% year over year, and the company issued Q4 2026 guidance of $1.50-$1.80 EPS.
• Wall Street sentiment remains positive overall: analysts have a Moderate Buy consensus with a target price around $303.30, even as recent insider sales and a 9.8% stock drop suggest some near-term caution.

Cookson Peirce & Co. Inc. lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 614.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,113 shares of the semiconductor company's stock after purchasing an additional 64,603 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Lam Research were worth $12,858,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research during the fourth quarter worth approximately $25,000. Stance Capital LLC purchased a new stake in shares of Lam Research during the third quarter worth approximately $26,000. Triumph Capital Management purchased a new stake in shares of Lam Research during the third quarter worth approximately $27,000. Core Wealth Advisors LLC purchased a new stake in shares of Lam Research during the fourth quarter worth approximately $29,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in shares of Lam Research during the second quarter worth approximately $29,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Down 9.8%

NASDAQ:LRCX opened at $303.28 on Friday. The stock has a fifty day moving average price of $273.22 and a two-hundred day moving average price of $226.72. The stock has a market capitalization of $379.27 billion, a price-to-earnings ratio of 57.22, a PEG ratio of 2.51 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. Lam Research Corporation has a 1 year low of $85.86 and a 1 year high of $346.19.

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 (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research's revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently commented on LRCX shares. Stifel Nicolaus upped their price target on Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. BNP Paribas Exane upped their price target on Lam Research from $250.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, April 23rd. HSBC increased their price objective on Lam Research from $221.00 to $247.00 and gave the stock a "hold" rating in a research report on Friday, April 24th. The Goldman Sachs Group reiterated a "buy" rating and issued a $290.00 price objective on shares of Lam Research in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $303.30.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the company's stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider owned 53,205 shares of the company's stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Neil J. Fernandes sold 7,659 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,839 shares of company stock worth $8,561,667 in the last three months. 0.31% of the stock is owned by corporate insiders.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Analysts and hedge fund commentary remain constructive on Lam Research, viewing it as a wide-moat leader in semiconductor equipment with meaningful upside potential as chipmakers keep investing in advanced manufacturing. What Do Analysts Say About Lam Research (LRCX)’s Earnings Outlook?
• Positive Sentiment: Investor commentary also points to Lam Research’s growing importance in essential chip manufacturing, reinforcing the view that demand for its tools should stay strong if semiconductor capex continues to rise. Lam Research Corp (LRCX): Increasing Dependence on Essential Chip Manufacturing
• Neutral Sentiment: One bullish article argues Lam Research is still a buy because of its wide moat and leadership position, but it also warns that the stock is trading at a rich valuation, which may limit near-term upside. Lam Research: A Wide-Moat Equipment Leader That I Rate A Buy - Despite A Rich Valuation
• Negative Sentiment: Recent market commentary noted that LRCX slipped even as the broader market rose, suggesting some investors are taking profits after the stock’s strong move higher. Lam Research (LRCX) Stock Slides as Market Rises: Facts to Know Before You Trade

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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