Engineers Gate Manager LP Has $8.96 Million Stock Holdings in Lam Research Corporation $LRCX

Engineers Gate Manager LP trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 81.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 20,668 shares of the semiconductor company's stock after selling 92,213 shares during the period. Engineers Gate Manager LP's holdings in Lam Research were worth $8,956,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in LRCX. Bayban acquired a new position in Lam Research in the fourth quarter worth about $26,000. Vermillion Wealth Management Inc. acquired a new stake in Lam Research during the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC boosted its holdings in Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Paladin Partners LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at approximately $26,000. Finally, Mcguire Capital Advisors Inc. bought a new stake in shares of Lam Research in the 4th quarter valued at approximately $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

More Lam Research News

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

• Positive Sentiment: Industry forecasts point to strong demand for wafer-fabrication equipment. Spending is projected to increase 16.9% to $135.2 billion in 2026, while DRAM and NAND investment is expected to grow faster as artificial-intelligence workloads drive demand for high-bandwidth memory, advanced DRAM and enterprise storage. Lam Research is viewed as having particularly strong exposure to the memory recovery. 3 Chip Equipment Stocks Set to Win the Memory Boom
• Positive Sentiment: Lam Research returned $5.12 billion to shareholders in fiscal 2026 through buybacks and dividends, including a 27% dividend increase. Strong earnings and capital returns remain supportive for long-term investors. Lam Research Returns $5B+ to Shareholders in FY26
• Positive Sentiment: Recent conference coverage and analyst commentary continue to emphasize Lam Research’s competitive positioning, memory exposure and wide economic moat. Its latest reported quarter also exceeded consensus estimates for earnings and revenue, with revenue up 30% year over year.
• Neutral Sentiment: Reported September short interest was zero shares, implying no meaningful short-selling pressure. However, the data appears unreliable because it shows no change from the prior period and a zero days-to-cover ratio.
• Neutral Sentiment: Several reports describe clinical studies involving “Lam Research,” but these appear unrelated to the semiconductor-equipment company and should not be treated as LRCX news.
• Negative Sentiment: Director Bethany Mayer sold 9,557 shares for approximately $3.0 million, reducing her holdings by 31.28%. The transaction may weigh modestly on sentiment, although a single insider sale is not necessarily evidence of deteriorating fundamentals. SEC insider transaction filing

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 5,000 shares of the company's stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm's stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the completion of the transaction, the director directly owned 87,142 shares in the company, valued at $29,192,570. This trade represents a 17.34% 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 a total of 32,839 shares of company stock worth $10,644,740 over the last three months. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on LRCX shares. TD Cowen restated a "buy" rating and set a $400.00 target price (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. Berenberg Bank set a $420.00 price objective on Lam Research in a research note on Wednesday. Sanford C. Bernstein lifted their price objective on Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a report on Thursday, May 21st. UBS Group reduced their target price on shares of Lam Research from $435.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, September 1st. Finally, Barclays reaffirmed an "overweight" rating and issued a $335.00 target price (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $361.81.

Lam Research Stock Performance

LRCX stock opened at $298.01 on Friday. The company has a 50 day moving average price of $314.44 and a 200 day moving average price of $293.79. Lam Research Corporation has a fifty-two week low of $108.29 and a fifty-two week high of $438.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The stock has a market capitalization of $372.91 billion, a PE ratio of 51.74, a price-to-earnings-growth ratio of 1.25 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the company earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts forecast that Lam Research Corporation will post 9.33 EPS for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be issued a $0.33 dividend. This is a positive change from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, September 23rd. Lam Research's dividend payout ratio (DPR) is 18.06%.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.

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