Fisher Funds Management LTD Has $13.57 Million Stake in Lam Research Corporation $LRCX

Key Points

• Fisher Funds Management reduced its Lam Research stake by 41.4% in the second quarter, selling 22,114 shares and retaining 31,319 shares valued at approximately $13.57 million.
• Lam Research reported strong quarterly results, with revenue rising 30% year over year to $6.72 billion and EPS of $1.82, exceeding analyst expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $358.47.
• Despite positive growth initiatives—including more than $3 billion in planned R&D investment—insiders sold roughly $27.6 million of stock over the past 90 days, while some investors caution that the semiconductor cycle may be nearing a peak.

Fisher Funds Management LTD decreased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 41.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,319 shares of the semiconductor company's stock after selling 22,114 shares during the period. Fisher Funds Management LTD's holdings in Lam Research were worth $13,571,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of LRCX. Bayban bought a new stake in Lam Research during the fourth quarter valued at $26,000. Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research in the 1st quarter valued at $26,000. Cedar Mountain Advisors LLC increased its stake in Lam Research by 242.9% in 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. Mcguire Capital Advisors Inc. acquired a new position in Lam Research during the 4th quarter worth approximately $27,000. Finally, Triumph Capital Management bought a new position in Lam Research in the third quarter worth approximately $27,000. Institutional investors own 84.61% of the company's stock.

Insider Transactions at Lam Research

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director directly owned 87,142 shares in the company, valued at $29,192,570. The trade was a 17.34% 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, Director Eric Brandt sold 54,500 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,441 shares of company stock worth $27,614,296 in the last ninety days. Company insiders own 0.31% of the company's stock.

Key Lam Research News

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

• Positive Sentiment: Lam Research plans to invest more than $3 billion over the next five years to expand its global research and development laboratory network. The expansion is expected to increase experiment capacity by more than 50%, potentially accelerating new equipment development for advanced chip architectures, materials and AI-related applications. Chip equipment maker Lam Research to invest more than $3 billion to expand R&D labs
• Positive Sentiment: Semiconductor equipment stocks, including LRCX, benefited from SanDisk’s bullish multiyear financial targets. The outlook raised expectations for stronger memory-industry capital spending through 2030, which could support demand for Lam’s deposition and etch equipment. Lam Research, Applied Materials, and Camtek Rise After SanDisk Issues Bullish Financial Targets
• Positive Sentiment: Analysts continued to maintain Buy ratings, while Erste Group Bank expects increased earnings for Lam Research. The company’s most recent quarterly results also exceeded expectations, with revenue up 30% year over year and earnings above consensus, reinforcing the favorable earnings outlook.
• Positive Sentiment: Lam Research also announced a workforce-development partnership with NY Creates that could train approximately 3,500 semiconductor students over five years. Although not an immediate revenue driver, the initiative may help address industry talent shortages and support future growth. Lam Research and NY Creates Team Up to Enable Training of University Students for the Semiconductor Workforce
• Neutral Sentiment: Investors continue directing substantial funds into semiconductor ETFs, supporting sector momentum and demand for chip-equipment shares. However, the strong flows also indicate a crowded, momentum-driven trade.
• Negative Sentiment: Fidelity’s Jurrien Timmer warned that the semiconductor cycle could be nearing a peak. That caution presents a risk to Lam’s valuation and future equipment demand if AI-related and memory capital spending slows.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LRCX shares. Zacks Research upgraded Lam Research from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. JPMorgan Chase & Co. increased their target price on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Barclays reissued an "overweight" rating and issued a $335.00 price target (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. Royal Bank Of Canada boosted their price target on shares of Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Finally, TD Cowen restated a "buy" rating and set a $400.00 price objective (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $358.47.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $337.01 on Friday. The company has a market capitalization of $421.71 billion, a PE ratio of 58.51, a PEG ratio of 1.29 and a beta of 1.84. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The stock's 50 day moving average price is $338.88 and its 200-day moving average price is $282.80. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.Lam Research's revenue was up 30.0% on a year-over-year basis. During the same period last year, the business posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research's dividend payout ratio is 18.06%.

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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