Lam Research Corporation $LRCX Shares Acquired by Geode Capital Management LLC

Key Points

• Geode Capital Management increased its Lam Research stake by 0.4% in the fourth quarter, bringing its holdings to 33.7 million shares worth about $5.76 billion.
• Lam Research continues to draw strong Wall Street support, with 27 Buy ratings and seven Holds; analysts’ consensus rating is Moderate Buy with an average price target of $295.07.
• The company reported better-than-expected quarterly results, posting EPS of $1.47 on revenue of $5.84 billion, and raised its Q4 2026 guidance to $1.50-$1.80 EPS. The board also declared a quarterly dividend of $0.26 per share.

Geode Capital Management LLC lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,747,368 shares of the semiconductor company's stock after buying an additional 126,613 shares during the quarter. Geode Capital Management LLC owned approximately 2.70% of Lam Research worth $5,764,117,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LRCX. Arrowstreet Capital Limited Partnership raised its stake in shares of Lam Research by 781.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock worth $1,518,542,000 after buying an additional 10,053,978 shares during the period. Invesco Ltd. increased its position in shares of Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock worth $2,836,397,000 after purchasing an additional 3,263,658 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Lam Research by 108.7% during the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company's stock worth $606,045,000 after purchasing an additional 2,356,897 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Lam Research by 138.6% during the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company's stock worth $472,294,000 after purchasing an additional 2,056,749 shares in the last quarter. Finally, M&T Bank Corp increased its position in shares of Lam Research by 1,925.5% during the fourth quarter. M&T Bank Corp now owns 1,717,551 shares of the semiconductor company's stock worth $294,010,000 after purchasing an additional 1,632,754 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wells Fargo & Company boosted their price target on Lam Research from $290.00 to $320.00 and gave the stock an "overweight" rating in a research report on Thursday, April 23rd. BNP Paribas Exane boosted their price target on Lam Research from $250.00 to $260.00 and gave the stock a "neutral" rating in a research report on Thursday, April 23rd. Barclays set a $275.00 price target on Lam Research and gave the stock an "equal weight" rating in a research report on Thursday, April 23rd. KeyCorp reiterated a "sector weight" rating on shares of Lam Research in a research report on Thursday, January 29th. Finally, Oppenheimer reiterated an "outperform" rating and set a $330.00 price target on shares of Lam Research in a research report on Thursday, April 23rd. Twenty-seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $295.07.

Lam Research Stock Down 1.2%

Shares of NASDAQ:LRCX opened at $318.93 on Thursday. 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 business has a fifty day moving average of $260.18 and a two-hundred day moving average of $218.99. The stock has a market cap of $398.84 billion, a P/E ratio of 60.18, a PEG ratio of 2.67 and a beta of 1.81. Lam Research Corporation has a 52-week low of $79.49 and a 52-week high of $333.33.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) 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 analysts' expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm's quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, research analysts expect that Lam Research Corporation will post 5.67 earnings per share for the current year.

Lam Research Dividend Announcement

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

Insider Buying and Selling at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was 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 directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ava Harter sold 6,010 shares of the company's stock in a transaction on Monday, April 27th. The shares were 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 owned 53,205 shares of the company's stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 120,066 shares of company stock worth $27,953,242 in the last three months. 0.31% of the stock is 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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