Horizon Investments LLC Has $20.52 Million Stake in Lam Research Corporation $LRCX

Key Points

• Horizon Investments LLC reduced its stake in Lam Research by 12.6%, selling 17,346 shares to hold 119,878 shares valued at about $20.52 million according to its latest 13F filing.
• Lam Research beat quarterly expectations with $1.47 EPS (vs. $1.36 est.) and $5.84B revenue (vs. $5.70B est.), provided Q4 2026 EPS guidance of 1.500–1.800, and has seen multiple analyst price-target raises with a consensus "Moderate Buy" target of $285.94.
• Company insiders have been net sellers—136,896 shares (~$31.2M) sold in the last three months including large sales by a director and the CFO—while institutional investors own about 84.61% of the stock.

Horizon Investments LLC decreased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 12.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 119,878 shares of the semiconductor company's stock after selling 17,346 shares during the quarter. Horizon Investments LLC's holdings in Lam Research were worth $20,521,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LRCX. Brighton Jones LLC lifted its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after buying an additional 12,936 shares during the period. Caxton Associates LLP acquired a new position in Lam Research in the first quarter valued at about $239,000. Gabelli Funds LLC acquired a new position in Lam Research in the second quarter valued at about $253,000. NewEdge Advisors LLC lifted its stake in Lam Research by 2.7% in the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock valued at $9,785,000 after buying an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. lifted its stake in Lam Research by 5,206.7% in the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock valued at $77,000 after buying an additional 781 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Trading Down 0.4%

NASDAQ LRCX opened at $256.78 on Friday. Lam Research Corporation has a 52 week low of $72.59 and a 52 week high of $275.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The stock's 50 day moving average price is $236.37 and its two-hundred day moving average price is $201.05. The stock has a market capitalization of $321.12 billion, a price-to-earnings ratio of 48.45, a PEG ratio of 2.13 and a beta of 1.81.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations 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 earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts anticipate that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Q3 results and follow-up analyst upgrades highlight continued AI-driven demand and beat Street expectations, supporting near-term revenue/earnings momentum. Analyst Upgrades PT on Lam Research After Q3 Earnings, What’s Next?
• Positive Sentiment: Erste Group raised FY2027 EPS estimates (from $7.02 to $7.74), indicating analysts are increasing medium‑term profit expectations despite a "Hold" rating. Erste Group raises FY2027 EPS
• Positive Sentiment: High-profile portfolio ownership: Lam is highlighted in billionaire Philippe Laffont’s portfolio and cited as a strong YTD performer (roughly +35% YTD), which can attract momentum buyers. Forget Nvidia: This AI Semiconductor Stock in Billionaire Philippe Laffont Portfolio Is Winning in 2026
• Positive Sentiment: Technical: LRCX recently cleared the 20-day simple moving average — a short‑term bullish signal that can draw technical traders. Lam Research Recently Broke Out Above the 20-Day Moving Average
• Neutral Sentiment: Analyst price-target moves are wide-ranging (moves spanning roughly $6 to $105), reflecting divergent views on wafer‑fab equipment demand and valuation — this raises volatility and mixed signals for investors. How The Lam Research (LRCX) Story Is Shifting With New Analyst Targets And Risks
• Neutral Sentiment: Retail and research attention has LRCX trending on stock‑search platforms; that can amplify swings but doesn’t change fundamentals by itself. Lam Research Corporation Is a Trending Stock

Analyst Upgrades and Downgrades

Several brokerages have issued reports on LRCX. Weiss Ratings upgraded Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, April 24th. Evercore boosted their price objective on Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. TD Cowen increased their target price on Lam Research from $290.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. HSBC increased their target price on Lam Research from $221.00 to $247.00 and gave the stock a "hold" rating in a research note on Friday, April 24th. Finally, B. Riley Financial reissued a "buy" rating on shares of Lam Research in a research note on Monday, April 20th. Twenty-six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus price target of $285.94.

Insiders Place Their Bets

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the business's stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director directly owned 253,705 shares of the company's stock, valued at $57,235,848. The trade was a 12.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 136,896 shares of company stock valued at $31,213,349 in the last three months. 0.31% of the stock is currently owned by corporate insiders.

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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