Lam Research Corporation $LRCX Holdings Increased by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA nearly doubled its Lam Research stake in the third quarter, increasing holdings by 93.1% to 130,039 shares valued at approximately $42.7 million. Institutional investors collectively own 84.61% of LRCX.
• Analysts remain bullish on Lam Research: the stock has a consensus “Moderate Buy” rating and an average price target of $364.59, despite recent insider selling by two company executives.
• Lam Research reported better-than-expected quarterly earnings and 30% year-over-year revenue growth, while raising its quarterly dividend from $0.26 to $0.33 per share. However, the stock faces volatility from inflation and interest-rate concerns and has experienced an extended losing streak.

Banque Pictet & Cie SA grew its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 93.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,039 shares of the semiconductor company's stock after purchasing an additional 62,695 shares during the period. Banque Pictet & Cie SA's holdings in Lam Research were worth $42,719,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp grew its stake in Lam Research by 2.6% in the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company's stock worth $26,320,468,000 after purchasing an additional 1,545,830 shares in the last quarter. Bank of America Corp DE raised its position in Lam Research by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company's stock valued at $4,872,426,000 after purchasing an additional 584,489 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company's stock worth $4,805,368,000 after buying an additional 8,922,854 shares during the period. Invesco Ltd. lifted its holdings in shares of Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company's stock worth $3,906,559,000 after buying an additional 1,638,406 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Lam Research during the 2nd quarter worth $3,777,585,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Insider Buying and Selling at Lam Research

In related news, Director Bethany Mayer sold 9,557 shares of the company's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the sale, the director owned 20,995 shares of the company's stock, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ava Harter sold 5,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the sale, the insider directly owned 42,462 shares of the company's stock, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.31% of the company's stock.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several recent research reports. Bank of America increased their target price on shares of Lam Research from $330.00 to $480.00 and gave the stock a "buy" rating in a report on Tuesday, June 23rd. B. Riley Financial boosted their price target on shares of Lam Research from $350.00 to $390.00 and gave the company a "buy" rating in a report on Thursday, October 1st. Cantor Fitzgerald set a $500.00 price target on shares of Lam Research and gave the stock an "overweight" rating in a research report on Monday, June 29th. Berenberg Bank set a $420.00 price target on shares of Lam Research in a research report on Wednesday, September 9th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $385.00 price objective (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $364.59.

Lam Research Stock Performance

LRCX opened at $263.94 on Friday. Lam Research Corporation has a 52-week low of $135.50 and a 52-week high of $438.50. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. The company has a market cap of $330.30 billion, a P/E ratio of 45.82, a price-to-earnings-growth ratio of 1.10 and a beta of 1.85. The firm's 50-day moving average price is $309.03 and its 200-day moving average price is $308.04.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The firm's quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 9.34 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, September 23rd. This is an increase from Lam Research's previous quarterly dividend of $0.26. Lam Research's payout ratio is 22.92%.

More Lam Research News

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

• Positive Sentiment: Lam Research is integrating NVIDIA’s NanoVDB open-source library into its SEMulator3D modeling platform. GPU-accelerated wafer-etch simulations could improve chip-design and manufacturing efficiency, supporting the company’s longer-term role in AI-driven semiconductor fabs. Lam Research Ties AI Fab Push to Faster SEMulator3D Modeling
• Positive Sentiment: Analysts continue to see substantial upside, with Benzinga’s 22-analyst average target near $346 and a separate consensus implying roughly 25.6% potential appreciation. Recent earnings-estimate revisions could provide support if Lam delivers a strong quarterly report. Lam Research Stock Hits Longest Losing Streak Ever Wall Street Analysts See Upside in Lam Research
• Neutral Sentiment: Analysts are previewing the quarter ended September 2026, focusing on operating metrics beyond headline revenue and earnings estimates. The report could produce a significant re-rating depending on guidance and demand commentary. Lam Research Q1 Earnings Preview
• Neutral Sentiment: Options markets are pricing a potentially large post-earnings move—about $28.6 billion in implied market capitalization swing—signaling elevated volatility rather than a clear directional view. Lam Research Could Swing After Earnings
• Negative Sentiment: Hotter-than-expected inflation has renewed fears that higher interest rates could restrain AI infrastructure spending, weighing broadly on semiconductor and equipment stocks, including Lam Research. Semiconductor Stocks Trade Down on Inflation Concerns
• Negative Sentiment: Lam Research was on track for its ninth consecutive decline, its longest losing streak since 1984. The persistent technical weakness may be encouraging selling despite analysts’ bullish price targets. Lam Research Dips More Than the Broader Market

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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