Jupiter Asset Management Ltd. Sells 260,892 Shares of Lam Research Corporation $LRCX

Key Points

• Jupiter Asset Management cut its Lam Research stake by 39.5% in the fourth quarter, selling 260,892 shares and ending with 398,868 shares valued at about $68.3 million.
• Lam Research reported strong quarterly results, with EPS of $1.47 and revenue of $5.84 billion, both above analyst expectations. Revenue rose 23.8% year over year, and the company raised its Q4 2026 EPS guidance.
• Analyst sentiment remains generally bullish despite valuation concerns: the stock has a Moderate Buy consensus rating with an average target price of $295.07, while Lam also recently declared a quarterly dividend of $0.26 per share.

Jupiter Asset Management Ltd. lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 39.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,868 shares of the semiconductor company's stock after selling 260,892 shares during the quarter. Jupiter Asset Management Ltd.'s holdings in Lam Research were worth $68,278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LRCX. Brighton Jones LLC boosted its position in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Lam Research during the 1st quarter worth about $239,000. Gabelli Funds LLC acquired a new position in Lam Research during the second quarter worth $253,000. NewEdge Advisors LLC raised its holdings in Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock worth $9,785,000 after buying an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock worth $77,000 after buying an additional 781 shares during the last quarter. Institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

Lam Research stock opened at $318.00 on Friday. Lam Research Corporation has a 52 week low of $79.49 and a 52 week high of $333.33. The company's 50 day moving average price is $262.01 and its two-hundred day moving average price is $220.11. 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 $397.68 billion, a P/E ratio of 60.00, a P/E/G ratio of 2.64 and a beta of 1.81.

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 for the quarter, beating the consensus estimate of $1.36 by $0.11. The company 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 firm's revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities analysts predict that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research's payout ratio is 19.62%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays set a $275.00 price objective on shares of Lam Research and gave the stock an "equal weight" rating in a report on Thursday, April 23rd. Summit Insights raised shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Thursday, January 29th. Sanford C. Bernstein raised their price target on shares of Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Stifel Nicolaus raised their price target 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, Jefferies Financial Group raised their price target on shares of Lam Research from $285.00 to $315.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Twenty-seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $295.07.

Trending Headlines about Lam Research

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

• Positive Sentiment: Applied Materials CEO Gary Dickerson said semiconductors are in their strongest period ever, with AI driving unprecedented computing demand and long-term growth. That upbeat read-through supports suppliers like Lam Research, which sells chipmaking equipment used in advanced semiconductor production. Article Title
• Positive Sentiment: Mizuho Securities reiterated a buy rating on Lam Research, reinforcing bullish analyst sentiment around the stock’s earnings power and long-term outlook. Article Title
• Neutral Sentiment: Lam Research has strong technical momentum after a huge run over the past year, but the stock is also viewed as expensive, with commentary noting it may be materially overvalued. That combination can keep traders interested while also raising caution about further upside. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful change in reported shorts, so this does not appear to be a major new catalyst for the stock.
• Negative Sentiment: One market note warned that Lam Research’s valuation is elevated and that new buyers should be cautious, which may temper enthusiasm despite the company’s strong fundamentals. Article Title
• Negative Sentiment: Another trading article highlighted heavy put-option activity in Lam Research, suggesting some investors are positioning for downside protection or near-term volatility. Article Title

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction that occurred on 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 sale, the chief financial officer owned 1,081,705 shares of the company's stock, valued at approximately $242,334,371.15. The trade was a 4.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction that occurred on Monday, April 27th. The stock was 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 in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 120,066 shares of company stock valued at $27,953,242. 0.31% of the stock is owned by company insiders.

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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