Generate Investment Management Ltd Buys 60,964 Shares of Lam Research Corporation $LRCX

Key Points

• Generate Investment Management Ltd increased its Lam Research stake by 67.5% in the first quarter, buying 60,964 additional shares and bringing its total holding to 151,334 shares worth about $32.3 million.
• Lam Research reported strong quarterly results, with EPS of $1.47 and revenue of $5.84 billion both topping expectations, while revenue rose 23.8% year over year and management raised guidance for chip equipment demand.
• Analysts remain generally positive on the stock, with several firms raising price targets and the broader consensus sitting at Moderate Buy; meanwhile, insider selling has continued, including recent sales by an SVP and a director.

Generate Investment Management Ltd boosted its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 67.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,334 shares of the semiconductor company's stock after purchasing an additional 60,964 shares during the period. Lam Research comprises approximately 1.6% of Generate Investment Management Ltd's portfolio, making the stock its 14th biggest holding. Generate Investment Management Ltd's holdings in Lam Research were worth $32,334,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Ocean Park Asset Management LLC purchased a new position in shares of Lam Research during the 1st quarter valued at $254,000. XML Financial LLC raised its stake in Lam Research by 33.4% in the 1st quarter. XML Financial LLC now owns 2,933 shares of the semiconductor company's stock valued at $627,000 after acquiring an additional 734 shares during the period. Clark Asset Management LLC purchased a new stake in Lam Research during the first quarter valued at about $218,000. CPC Advisors LLC purchased a new stake in Lam Research during the first quarter valued at about $2,378,000. Finally, Brookstone Capital Management boosted its position in Lam Research by 48.6% during the first quarter. Brookstone Capital Management now owns 31,034 shares of the semiconductor company's stock worth $6,631,000 after purchasing an additional 10,150 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: UBS and Cantor Fitzgerald both recently raised their price targets on Lam Research, signaling greater confidence in the company’s growth outlook and AI-related demand. Why Analysts See More Upside for Lam Research (LRCX)
• Positive Sentiment: Lam Research’s latest quarterly results beat expectations, with revenue and earnings topping estimates and management raising guidance for chip equipment demand, reinforcing the AI-driven growth story. Lam Research (LRCX) Is Up 6.1% After AI-Fueled Beat And Raised Chip-Equipment Outlook
• Positive Sentiment: Investors are increasingly viewing Lam Research as a key AI infrastructure and memory stock, with articles highlighting strong demand from AI spending and advanced packaging complexity. 5 Best AI Memory Stocks to Buy in 2026

Lam Research Stock Up 5.3%

LRCX opened at $409.54 on Tuesday. The business's fifty day simple moving average is $304.76 and its 200 day simple moving average is $243.95. Lam Research Corporation has a 52 week low of $90.29 and a 52 week high of $409.75. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The stock has a market cap of $512.16 billion, a PE ratio of 77.27, a P/E/G ratio of 3.21 and a beta of 1.85.

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, beating the consensus estimate of $1.36 by $0.11. The business had revenue of $5.84 billion during 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 company's revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts expect that Lam Research Corporation will post 5.7 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research's payout ratio is 19.62%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $290.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Wall Street Zen downgraded Lam Research from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $450.00 price target (up from $365.00) on shares of Lam Research in a report on Monday. Susquehanna lifted their price target on Lam Research from $350.00 to $385.00 and gave the company a "positive" rating in a research report on Thursday, April 23rd. Finally, New Street Research boosted their price objective on Lam Research from $235.00 to $280.00 and gave the company a "neutral" rating in a research note on Monday, April 27th. Twenty-eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $329.59.

Insider Activity

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the business's stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares of the company's stock, valued at approximately $16,872,153.06. The trade was a 21.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 86,339 shares of company stock valued at $27,680,267. Company insiders own 0.31% of the company's stock.

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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