Lam Research Corporation $LRCX Shares Bought by Lord Abbett & CO. LLC

Key Points

• Lord Abbett & CO. LLC increased its stake in Lam Research by 21.4% in the fourth quarter, buying 303,045 more shares and bringing its total holding to 1,716,798 shares valued at about $293.9 million.
• Lam Research reported strong quarterly results, beating earnings and revenue estimates with $1.47 EPS on $5.84 billion in revenue, while also raising its Q4 2026 EPS guidance.
• Analysts and investors remain broadly optimistic, with multiple price target hikes, a consensus “Moderate Buy” rating, and continued enthusiasm tied to AI-driven chip spending and wafer-fab equipment demand.

Lord Abbett & CO. LLC boosted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 21.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,716,798 shares of the semiconductor company's stock after buying an additional 303,045 shares during the period. Lam Research accounts for 0.9% of Lord Abbett & CO. LLC's investment portfolio, making the stock its 17th largest position. Lord Abbett & CO. LLC owned 0.14% of Lam Research worth $293,881,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management increased its holdings in shares of Lam Research by 22.5% in the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 45 shares during the last quarter. Traphagen Investment Advisors LLC increased its holdings in shares of Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock valued at $336,000 after acquiring an additional 46 shares during the last quarter. Bank of Jackson Hole Trust increased its holdings in shares of Lam Research by 12.6% in the 4th quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company's stock valued at $73,000 after acquiring an additional 48 shares during the last quarter. Field & Main Bank increased its holdings in shares of Lam Research by 1.1% in the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock valued at $790,000 after acquiring an additional 50 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Lam Research by 1.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock valued at $795,000 after acquiring an additional 51 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Trading Up 1.2%

NASDAQ:LRCX opened at $366.81 on Friday. The stock's 50 day moving average price is $286.10 and its 200 day moving average price is $233.58. The company has a market capitalization of $458.72 billion, a PE ratio of 69.21, a P/E/G ratio of 3.00 and a beta of 1.85. 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 Corporation has a 52-week low of $87.75 and a 52-week high of $373.82.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the business posted $1.04 EPS. The firm's quarterly 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. On average, research analysts anticipate that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Announces Dividend

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

Lam Research News Roundup

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore increased their price objective on Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Royal Bank Of Canada increased their price objective on Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. New Street Research increased their price objective on Lam Research from $235.00 to $280.00 and gave the company a "neutral" rating in a report on Monday, April 27th. Jefferies Financial Group increased their price objective on Lam Research from $285.00 to $315.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Finally, B. Riley Financial increased their price objective on Lam Research from $350.00 to $375.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $322.01.

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 6,010 shares of the 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 of the company's stock, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was 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 of the company's stock, valued at $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. 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 valued at $8,561,667 over the last ninety days. 0.31% of the stock is owned by insiders.

Lam Research 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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