Gateway Investment Advisers LLC Has $17.65 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• Gateway Investment Advisers LLC cut its stake in Lam Research by 11.7% to 103,089 shares, worth about $17.65 million according to its latest 13F filing.
• Lam Research beat quarterly estimates (EPS $1.47 vs. $1.36; revenue $5.84B vs. $5.70B, +23.8% YoY) and raised near‑term guidance, citing accelerating wafer‑fab demand tied to AI infrastructure capex.
• While analysts have raised targets and the consensus is a "Moderate Buy" (avg. target ~$285.94), insiders sold 155,066 shares (~$35.85M) in the past 90 days and some warn the stock may be approaching frothy valuation levels.

Gateway Investment Advisers LLC decreased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,089 shares of the semiconductor company's stock after selling 13,607 shares during the quarter. Gateway Investment Advisers LLC's holdings in Lam Research were worth $17,647,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. PMV Capital Advisers LLC acquired a new position in shares of Lam Research during the 4th quarter worth $25,000. Stance Capital LLC acquired a new position in shares of Lam Research during the 3rd quarter worth $26,000. Triumph Capital Management acquired a new position in shares of Lam Research during the 3rd quarter worth $27,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Lam Research during the 2nd quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Lam Research during the 3rd quarter worth $40,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $297.17 on Thursday. 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 firm has a market capitalization of $371.63 billion, a price-to-earnings ratio of 56.07, a P/E/G ratio of 2.28 and a beta of 1.81. The company's fifty day moving average is $238.08 and its two-hundred day moving average is $203.95. Lam Research Corporation has a 52-week low of $72.91 and a 52-week high of $297.87.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business's quarterly revenue was up 23.8% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts forecast that Lam Research Corporation will post 5.68 EPS for the current year.

More Lam Research News

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

• Positive Sentiment: Lam reported a March-quarter beat and raised June-quarter guidance, signaling accelerating wafer‑fab demand and margin expansion — a primary driver of the rally. Lam Research jumps 7% as earnings beat and June-quarter outlook signals accelerating wafer-fab demand
• Positive Sentiment: Wall Street momentum: multiple analysts have raised targets and issued buy/outperform ratings after the print — supporting upside and institutional demand. MarketBeat LRCX analyst coverage
• Positive Sentiment: Seaport Global initiated coverage with a buy, adding to the buy‑side chorus and increasing visibility among fund managers. Seaport Global initiates coverage of Lam Research (LRCX) with buy recommendation
• Positive Sentiment: Sector tailwinds: ETF/sector pieces point to heavy AI infrastructure capex benefiting semiconductor equipment suppliers like Lam. That narrative supports multiple quarters of elevated order flows. Semiconductor Leaders SOXX, SMH, and FTXL Are Crushing It on AI Infrastructure Demand
• Positive Sentiment: Industry capacity constraints (highlighted at KLA) suggest near-term tightness for key tools — reinforcing pricing power and order urgency for suppliers including Lam. KLA’s AI Capacity Constraints Highlight Earnings Power And Buyback Commitment
• Positive Sentiment: Technical/flow drivers: Lam cleared a buy point in IBD coverage after the beat, which can attract momentum and systematic buying. Lam Research, IBD Stock Of The Day, Clears Buy Point On Chip-Gear Investments
• Neutral Sentiment: Broad analyst consensus remains constructive (consensus "Moderate Buy"), which supports continued interest but already embeds much optimism. Lam Research Corporation NASDAQ: LRCX Receives Consensus Rating of "Moderate Buy" from Brokerages
• Negative Sentiment: Insider selling: an SVP sold shares under a Rule 10b5‑1 plan; while pre‑planned, the transaction can be viewed negatively by some traders. Insider Selling: Lam Research NASDAQ: LRCX SVP Sells 18,170 Shares of Stock
• Negative Sentiment: Valuation cautions: some commentators warn LRCX is approaching frothy levels after the run, which raises pullback risk if guidance or macro signals wobble. Lam Research Is Approaching Frothy Levels

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 155,066 shares of company stock valued at $35,849,242 in the last 90 days. Insiders own 0.31% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Citic Securities increased their price target on shares of Lam Research from $165.00 to $275.00 and gave the stock a "buy" rating in a research note on Friday, January 30th. Rothschild & Co Redburn increased their price target on shares of Lam Research from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Royal Bank Of Canada lifted their target price on shares of Lam Research from $290.00 to $310.00 and gave the stock an "outperform" rating in a report on Thursday, April 23rd. Zacks Research downgraded shares of Lam Research from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $285.94.

About Lam Research

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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