Eurizon Capital SGR S.p.A. Makes New $223.16 Million Investment in Lam Research Corporation $LRCX

Key Points

• Eurizon Capital SGR S.p.A. opened a new position in Lam Research, buying 1.3 million shares valued at about $223.16 million. The stake represents roughly 0.10% of Lam Research and about 0.7% of Eurizon’s portfolio.
• Lam Research is drawing continued bullish attention, including a new 12-month high, repeated Buy ratings from analysts, and heavy options interest that suggests traders expect the stock to remain strong. Broad semiconductor commentary also remains supportive thanks to AI-driven demand.
• The company reported strong quarterly results, with EPS and revenue both beating expectations, and shares were recently trading near $318 versus a 52-week high of $333.33. However, insiders have sold stock recently, and the valuation remains elevated.

Eurizon Capital SGR S.p.A. acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,300,500 shares of the semiconductor company's stock, valued at approximately $223,163,000. Lam Research makes up approximately 0.7% of Eurizon Capital SGR S.p.A.'s portfolio, making the stock its 25th biggest holding. Eurizon Capital SGR S.p.A. owned 0.10% of Lam Research as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Traphagen Investment Advisors LLC increased its stake in shares of Lam Research by 2.4% in the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock valued at $336,000 after buying an additional 46 shares in the last quarter. Field & Main Bank increased its stake in shares of Lam Research by 1.1% in the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock valued at $790,000 after buying an additional 50 shares in the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock valued at $795,000 after buying an additional 51 shares in the last quarter. Retirement Planning Group LLC increased its stake in shares of Lam Research by 2.9% in the fourth quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company's stock valued at $314,000 after buying an additional 51 shares in the last quarter. Finally, Plancorp LLC increased its stake in shares of Lam Research by 2.1% in the fourth quarter. Plancorp LLC now owns 2,518 shares of the semiconductor company's stock valued at $431,000 after buying an additional 51 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Key Lam Research News

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

• Positive Sentiment: Lam Research hit a new 12-month high, reinforcing strong momentum in the shares and signaling continued investor demand for semiconductor equipment stocks.
• Positive Sentiment: Mizuho Securities reiterated its Buy rating on Lam Research, which supports the stock’s bullish trading tone.
• Positive Sentiment: Options activity showed unusually heavy interest in Lam Research, with investors reportedly favoring short put positions, a sign some traders expect the stock to hold up or rise further.
• Positive Sentiment: Broader semiconductor commentary remained constructive, as Applied Materials’ CEO said AI-driven demand is creating the strongest period ever for the chip equipment industry, a favorable backdrop for Lam Research.
• Neutral Sentiment: Recent articles noted Lam Research’s strong technical run and high valuation, suggesting momentum is powerful but the stock may be vulnerable to volatility if expectations cool.
• Negative Sentiment: Some market commentary questioned whether the semiconductor rally is getting ahead of fundamentals, warning that chip stocks could face a pullback if the current “supercycle” narrative weakens.

Insider Activity

In other news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares in the company, valued at $16,872,153.06. The trade was a 21.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated Wednesday, March 4th. The shares were 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 in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 120,066 shares of company stock worth $27,953,242 in the last 90 days. Corporate insiders own 0.31% of the company's stock.

Analyst Ratings Changes

LRCX has been the subject of a number of research reports. Oppenheimer restated an "outperform" rating and issued a $330.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. Jefferies Financial Group raised their target price on Lam Research from $285.00 to $315.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Citigroup restated a "buy" rating and issued a $315.00 target price (up from $300.00) on shares of Lam Research in a research note on Thursday, April 23rd. Sanford C. Bernstein raised their target price on Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Finally, Wall Street Zen cut Lam Research from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $295.07.

Lam Research Trading Up 0.1%

NASDAQ:LRCX opened at $318.18 on Friday. Lam Research Corporation has a fifty-two week low of $79.49 and a fifty-two week high of $333.33. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The stock has a market capitalization of $397.91 billion, a PE ratio of 60.03, a price-to-earnings-growth ratio of 2.63 and a beta of 1.81. The business's 50-day simple moving average is $263.88 and its 200-day simple moving average is $220.80.

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 business had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. During the same quarter in the previous year, the business posted $1.04 EPS. Lam Research's revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. 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 payout ratio is 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.

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