Generali Asset Management SPA SGR Sells 15,309 Shares of Lam Research Corporation $LRCX

Key Points

• Generali Asset Management reduced its Lam Research stake by 11.7% in the fourth quarter, selling 15,309 shares and leaving it with 115,412 shares valued at about $19.8 million.
• Despite that trim, institutional ownership remains high at 84.61%, and several other major funds increased their positions significantly during recent quarters.
• Lam Research posted strong earnings and guidance, beating estimates with $1.47 EPS and $5.84 billion in revenue, while analysts largely remain bullish with a “Moderate Buy” consensus and an average target price of $285.94.

Generali Asset Management SPA SGR lessened its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,412 shares of the semiconductor company's stock after selling 15,309 shares during the period. Generali Asset Management SPA SGR's holdings in Lam Research were worth $19,756,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in LRCX. Arrowstreet Capital Limited Partnership lifted its stake in Lam Research by 781.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock worth $1,518,542,000 after purchasing an additional 10,053,978 shares during the period. Invesco Ltd. increased its holdings in shares of Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock worth $2,836,397,000 after buying an additional 3,263,658 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Lam Research by 108.7% during the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company's stock worth $606,045,000 after buying an additional 2,356,897 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Lam Research by 138.6% in the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company's stock valued at $472,294,000 after purchasing an additional 2,056,749 shares in the last quarter. Finally, M&T Bank Corp increased its holdings in shares of Lam Research by 1,925.5% in the fourth quarter. M&T Bank Corp now owns 1,717,551 shares of the semiconductor company's stock valued at $294,010,000 after purchasing an additional 1,632,754 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: AI-fab orders topped expectations, fueling a sharp intraday rally as investors priced in stronger near-term equipment demand. Lam Research (LRCX) Is Up 19.5% After AI-Fab Orders Beat Expectations Has The Bull Case Changed?
• Positive Sentiment: Recent quarterly results and upbeat guidance reinforce that Lam is capturing the AI-driven capex cycle for advanced logic and memory fabs — supporting longer-term revenue and margin expansion. Why Lam Research Still Looks Like a Buy After a 300% Rally
• Positive Sentiment: Analyst and brokerage actions are skewing bullish: Seaport Global initiated coverage with a buy, and consensus brokerage ratings remain favorable — adding credibility to the rally. Seaport Global initiates coverage of Lam Research (LRCX) with buy recommendation
• Positive Sentiment: Industry supply constraints (e.g., KLA commentary) suggest equipment vendors like Lam could see sustained backlog and pricing power as fabs race to equip AI capacity. KLA’s AI Capacity Constraints Highlight Earnings Power And Buyback Commitment
• Neutral Sentiment: Some broader-market pieces argue the AI trade may rotate (e.g., toward CPUs), which could shift relative leadership within semiconductors over time — a mixed signal for Lam depending on end-market mix. This 150% Run Is Just the Beginning
• Neutral Sentiment: Sector ETFs (SOXX/SMH/FTXL) show the AI infrastructure trade is broad-based; this supports demand but also increases competition and cyclicality risk. Semiconductor Leaders SOXX, SMH, and FTXL Are Crushing It on AI Infrastructure Demand
• Negative Sentiment: Multiple write-ups note Lam’s ~300% 12‑month gain and overbought technicals — raising near-term pullback/consolidation risk for investors who chase the move now. Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead

Insider Activity at Lam Research

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the company's 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 approximately $242,334,371.15. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 6,010 shares of the business's 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 completion of the sale, the insider directly owned 53,205 shares of the company's stock, valued at $13,762,005.30. This represents a 10.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 120,066 shares of company stock worth $27,953,242. Insiders own 0.31% of the company's stock.

Lam Research Stock Down 3.5%

Lam Research stock opened at $286.72 on Friday. Lam Research Corporation has a fifty-two week low of $74.65 and a fifty-two week high of $298.00. The firm has a market capitalization of $358.56 billion, a PE ratio of 54.10, a P/E/G ratio of 2.46 and a beta of 1.81. The company's 50-day moving average is $238.93 and its 200-day moving average is $204.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the business earned $1.04 EPS. Lam Research's quarterly revenue 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 anticipate that Lam Research Corporation will post 5.67 earnings per share for the current year.

Analysts Set New Price Targets

LRCX has been the subject of a number of research reports. Wells Fargo & Company raised their price target on shares of Lam Research from $290.00 to $320.00 and gave the company an "overweight" rating in a report on Thursday, April 23rd. TD Cowen lifted their price target on shares of Lam Research from $290.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Rothschild & Co Redburn boosted their price objective on shares of Lam Research from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Lam Research from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Finally, Zacks Research lowered shares of Lam Research from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average target price of $285.94.

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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