Lam Research Corporation $LRCX is United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's 9th Largest Position

Key Points

• United Super boosted its Lam Research stake by 132% in the fourth quarter, adding 572,364 shares and making LRCX its 9th-largest position. The fund now owns about 1.0 million shares valued at roughly $172.2 million.
• Lam Research reported better-than-expected quarterly results, with EPS of $1.47 versus $1.36 expected and revenue of $5.84 billion versus $5.70 billion expected. Revenue rose 23.8% year over year, and the company issued Q4 2026 EPS guidance of $1.50 to $1.80.
• Sentiment around the stock remains mixed: analysts are largely bullish with a Moderate Buy rating and an average price target of $295.07, but some commentary warns the stock may be expensive after a strong run. Recent insider selling and heavy put activity also suggest some caution near term.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund raised its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 132.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,005,927 shares of the semiconductor company's stock after buying an additional 572,364 shares during the period. Lam Research comprises 2.4% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's investment portfolio, making the stock its 9th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.08% of Lam Research worth $172,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its stake in shares of Lam Research by 2.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 715,263 shares of the semiconductor company's stock valued at $122,439,000 after purchasing an additional 14,978 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of Lam Research by 25.4% in the 4th quarter. Intech Investment Management LLC now owns 44,225 shares of the semiconductor company's stock valued at $7,570,000 after purchasing an additional 8,947 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Lam Research by 28.0% in the 4th quarter. Foundations Investment Advisors LLC now owns 55,370 shares of the semiconductor company's stock valued at $9,478,000 after purchasing an additional 12,106 shares in the last quarter. Baker Avenue Asset Management LP increased its stake in shares of Lam Research by 18.1% in the 4th quarter. Baker Avenue Asset Management LP now owns 176,975 shares of the semiconductor company's stock valued at $30,295,000 after purchasing an additional 27,088 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its stake in shares of Lam Research by 0.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 22,379 shares of the semiconductor company's stock valued at $3,830,000 after purchasing an additional 181 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $318.00 on Friday. Lam Research Corporation has a 12 month low of $79.49 and a 12 month high of $333.33. The stock has a 50 day moving average of $262.01 and a two-hundred day moving average of $220.11. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm has a market cap of $397.68 billion, a P/E ratio of 60.00, a price-to-earnings-growth ratio of 2.64 and a beta of 1.81.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping 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 company had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period in the previous year, the business earned $1.04 EPS. Lam Research's quarterly revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Lam Research News Summary

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wells Fargo & Company lifted their price target on Lam Research from $290.00 to $320.00 and gave the company an "overweight" rating in a research note on Thursday, April 23rd. Mizuho set a $380.00 price target on Lam Research and gave the company an "outperform" rating in a research note on Wednesday. Rothschild & Co Redburn lifted their price target on Lam Research from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, February 6th. Wall Street Zen lowered Lam Research from a "buy" rating to a "hold" rating in a research note on Sunday, May 10th. Finally, KeyCorp restated a "sector weight" rating on shares of Lam Research in a research note on Thursday, January 29th. 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.com, Lam Research has an average rating of "Moderate Buy" and an average price target of $295.07.

Insider Buying and Selling

In other news, insider Ava Harter sold 6,010 shares of the company's stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value 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 represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company's 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 completion of the sale, the chief financial officer owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 120,066 shares of company stock worth $27,953,242. 0.31% of the stock is owned by 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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