Generali Investments Management Co LLC Buys 13,878 Shares of Lam Research Corporation $LRCX

Key Points

• Generali Investments Management raised its Lam Research stake by 62% in Q4, buying 13,878 shares to hold 36,274 shares worth about $6.21M, and several other institutions also increased exposure as institutional ownership sits at 84.61%.
• Lam Research beat Q3 expectations (EPS $1.47, revenue $5.84B) and issued strong guidance tied to AI-driven demand, prompting multiple analyst price‑target upgrades—however, some warn the stock looks rich with a PE around 50.5, raising valuation risk.

Generali Investments Management Co LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 62.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,274 shares of the semiconductor company's stock after acquiring an additional 13,878 shares during the quarter. Lam Research comprises approximately 1.2% of Generali Investments Management Co LLC's holdings, making the stock its 17th largest position. Generali Investments Management Co LLC's holdings in Lam Research were worth $6,209,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Calamos Wealth Management LLC boosted its stake in shares of Lam Research by 56.4% during the 4th quarter. Calamos Wealth Management LLC now owns 46,392 shares of the semiconductor company's stock worth $7,941,000 after acquiring an additional 16,724 shares in the last quarter. Calamos Advisors LLC boosted its stake in shares of Lam Research by 8.9% during the 4th quarter. Calamos Advisors LLC now owns 366,417 shares of the semiconductor company's stock worth $62,723,000 after acquiring an additional 29,989 shares in the last quarter. Golden Reserve Retirement LLC bought a new stake in shares of Lam Research during the 4th quarter worth about $210,000. China Universal Asset Management Co. Ltd. boosted its stake in shares of Lam Research by 9.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 54,487 shares of the semiconductor company's stock worth $9,339,000 after acquiring an additional 4,576 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its stake in shares of Lam Research by 22.9% during the 4th quarter. Rakuten Securities Inc. now owns 918 shares of the semiconductor company's stock worth $157,000 after acquiring an additional 171 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Key Lam Research News

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

• Positive Sentiment: Q3 results beat expectations (EPS $1.47, revenue $5.84B) and management gave strong FY guidance tied to AI demand — investors view this as confirmation of a multi-year WFE upcycle. Earnings & press coverage
• Positive Sentiment: Major analysts have lifted price targets across the board (examples: TD Cowen $340, Susquehanna $385, JPMorgan $315, BofA $330), signaling upgraded revenue and margin forecasts driven by AI memory and logic chip spending. Analyst target upgrades
• Positive Sentiment: Several bank research notes reiterated buy/outperform ratings and sizable upside, reinforcing momentum and prompting institutional buyers to add exposure. Deutsche Bank price target raise
• Neutral Sentiment: Broad market action (Dow slip while Nasdaq gains) and strong moves in other chip names (Intel, AMD, Arm) contributed to sector flow into semiconductor-equipment names including LRCX. Market breadth coverage
• Neutral Sentiment: Not all firms moved to buy: a few kept neutral/equal-weight stances (e.g., Morgan Stanley, BNP Paribas), showing some analysts want to see more cycles of delivery before upgrading conviction. Morgan Stanley note
• Negative Sentiment: Valuation concerns: commentary and analysis warn the stock reflects a lot of AI upside already — some investors may view multiple and momentum as stretched, which could amplify pullbacks on any growth-slow surprises. Valuation caution analysis

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $267.78 on Friday. The business has a 50 day moving average price of $234.99 and a 200 day moving average price of $197.84. Lam Research Corporation has a twelve month low of $68.53 and a twelve month high of $275.84. The company has a market cap of $334.40 billion, a price-to-earnings ratio of 50.52, a PEG ratio of 2.69 and a beta of 1.78. The company has a quick ratio of 1.61, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results 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 firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the prior year, the company earned $1.04 EPS. The firm's revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts predict that Lam Research Corporation will post 5.43 earnings per share for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research's dividend payout ratio is presently 19.62%.

Insider Activity at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the sale, the director owned 253,705 shares in the company, valued at $57,235,848. This represents a 12.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ava Harter sold 1,500 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the sale, the insider owned 53,205 shares of the company's stock, valued at approximately $11,846,625.30. The trade was a 2.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 130,886 shares of company stock worth $29,658,802 in the last 90 days. 0.31% of the stock is owned by company insiders.

Analyst Ratings Changes

LRCX has been the subject of several recent analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Lam Research in a research note on Thursday, January 29th. The Goldman Sachs Group reiterated a "buy" rating and set a $290.00 price target on shares of Lam Research in a research note on Thursday. Mizuho upped their price target on Lam Research from $295.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday. Evercore upped their price target on Lam Research from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday. Finally, HSBC upped their price target on Lam Research from $181.00 to $221.00 and gave the stock a "hold" rating in a research note on Friday, January 30th. Twenty-six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $283.65.

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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