Lam Research Corporation $LRCX Position Cut by Platinum Investment Management Ltd.

Key Points

• Platinum Investment Management Ltd. cut its Lam Research stake by 90.3% in the fourth quarter, selling 519,524 shares and leaving it with 55,845 shares valued at about $9.56 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 forecast. Revenue rose 23.8% year over year, and the company issued Q4 2026 EPS guidance of $1.50 to $1.80.
• Analyst sentiment remains mostly positive, with the stock carrying a Moderate Buy consensus and an average price target of $322.01. Recent rating actions were mixed, but major firms like JPMorgan, Goldman Sachs, and Mizuho maintained bullish views or raised targets.

Platinum Investment Management Ltd. trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 90.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,845 shares of the semiconductor company's stock after selling 519,524 shares during the quarter. Lam Research makes up about 2.2% of Platinum Investment Management Ltd.'s portfolio, making the stock its 8th biggest position. Platinum Investment Management Ltd.'s holdings in Lam Research were worth $9,560,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research in the fourth quarter worth approximately $25,000. Stance Capital LLC purchased a new stake in shares of Lam Research in the third quarter worth approximately $26,000. Triumph Capital Management purchased a new stake in shares of Lam Research in the third quarter worth approximately $27,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Lam Research in the second quarter worth approximately $29,000. Finally, Core Wealth Advisors LLC purchased a new stake in shares of Lam Research in the fourth quarter worth approximately $29,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 1.2%

Shares of NASDAQ:LRCX opened at $366.81 on Friday. Lam Research Corporation has a 52-week low of $87.75 and a 52-week high of $373.82. The stock has a market cap of $458.72 billion, a P/E ratio of 69.21, a price-to-earnings-growth ratio of 3.00 and a beta of 1.85. The business's 50 day moving average is $286.10 and its 200 day moving average is $233.58. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (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 for the quarter, compared to analysts' expectations of $5.70 billion. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Lam Research's revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts predict that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LRCX shares. JPMorgan Chase & Co. increased their price target on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a report on Thursday, April 23rd. Wall Street Zen downgraded Lam Research from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. The Goldman Sachs Group reiterated a "buy" rating and issued a $290.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Weiss Ratings downgraded Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, May 14th. Finally, Mizuho set a $380.00 price target on Lam Research and gave the stock an "outperform" rating in a report on Wednesday, May 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 MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $322.01.

Key Lam Research News

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

• Positive Sentiment: Lam Research is benefiting from renewed optimism around wafer-fab equipment demand, with management recently raising its 2026 WFE market forecast to $140 billion and analysts lifting price targets on expectations that AI-driven chip investment will stay strong. Article Title
• Positive Sentiment: Recent coverage highlighted Lam Research as a core beneficiary of the AI infrastructure boom, with Barclays reiterating constructive views on chip-equipment names and investors focusing on ongoing spending for new semiconductor supply. Article Title
• Positive Sentiment: Lam Research’s recent earnings outperformance and upbeat guidance continue to support the bullish case, with the company beating estimates and projecting stronger revenue momentum into upcoming quarters. Article Title
• Neutral Sentiment: Some recent pieces focus on valuation after the AI-driven rally, suggesting investors are now weighing how much upside is already priced in after a sharp run-up. Article Title
• Negative Sentiment: Broader semiconductor stocks have remained volatile, and one recent session saw LRCX fall more steeply than the market, showing that the stock can still be pressured by sector-wide AI and macro swings. Article Title

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the stock in a transaction 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 sale, the insider owned 53,205 shares of the company's stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% 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. Insiders have sold a total of 31,839 shares of company stock worth $8,561,667 in the last ninety days. Insiders own 0.31% of the company's stock.

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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