Lam Research Corporation $LRCX Shares Bought by Principal Securities Inc.

Key Points

• Principal Securities Inc. increased its stake in Lam Research by 8.6% in the fourth quarter, holding 60,252 shares worth about $10.3 million. Several other hedge funds also added positions, and institutional ownership remains high at 84.61%.
• Insiders have been trimming their holdings: Ava Harter and SVP Neil J. Fernandes both sold shares recently, and insiders sold 31,839 shares over the last quarter. Insider ownership is now just 0.31% of the stock.
• Analysts remain generally upbeat on Lam Research, with 28 Buy ratings and six Hold ratings, and a consensus price target of $322.01. The company also beat quarterly earnings and revenue estimates, and it recently announced a $0.26 quarterly dividend.

Principal Securities Inc. grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,252 shares of the semiconductor company's stock after acquiring an additional 4,777 shares during the period. Principal Securities Inc.'s holdings in Lam Research were worth $10,314,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LRCX. PMV Capital Advisers LLC acquired a new position in Lam Research during the 4th quarter worth $25,000. Stance Capital LLC acquired a new position in Lam Research during the 3rd quarter worth $26,000. Triumph Capital Management acquired a new position in Lam Research during the 3rd quarter worth $27,000. Core Wealth Advisors LLC acquired a new position in Lam Research during the 4th quarter worth $29,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in Lam Research during the 2nd quarter worth $29,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction dated 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 sale, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their ownership of the stock. 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. Over the last quarter, insiders sold 31,839 shares of company stock worth $8,561,667. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Raymond James Financial set a $425.00 price target on shares of Lam Research in a research report on Wednesday. Erste Group Bank downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Mizuho set a $380.00 price target on shares of Lam Research and gave the stock an "outperform" rating in a research report on Wednesday, May 27th. Needham & Company LLC restated a "buy" rating and issued a $300.00 price target on shares of Lam Research in a research report on Thursday, April 23rd. Finally, Royal Bank Of Canada raised their price target on shares of Lam Research from $290.00 to $310.00 and gave the stock an "outperform" rating in a research report on Thursday, April 23rd. Twenty-eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $322.01.

More Lam Research News

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

• Positive Sentiment: Barclays and other analysts raised price targets on Lam Research after increasing their wafer-fab equipment spending estimates, reinforcing the view that AI infrastructure investment is still running strong and could support more orders for chipmaking tools. Barclays raises price targets on chip stocks after raising WFE estimates
• Positive Sentiment: Lam’s CFO recently lifted the company’s 2026 wafer-fab equipment market forecast to $140 billion, which suggests a stronger spending backdrop for its core business and improved momentum into the second half of the year. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Positive Sentiment: The company’s latest quarterly results beat expectations, with revenue and EPS both ahead of consensus, and guidance pointed to further sequential growth, helping investors believe the business is still in an upcycle. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Neutral Sentiment: Several articles also highlighted Lam Research as a beneficiary of the broader AI infrastructure boom and a “critical enabler” of AI growth, which keeps sentiment constructive, though these pieces were more thematic than company-specific. Lam Research: A Critical Enabler Of AI Growth, Reiterating Buy
• Negative Sentiment: Near-term trading has been volatile, and one recent report noted the stock fell in the prior session, showing that some investors are still worried about valuation and the possibility of a cyclical slowdown after a strong run. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Lam Research Trading Up 12.7%

Shares of NASDAQ:LRCX opened at $362.52 on Friday. The company has a market cap of $453.36 billion, a PE ratio of 68.40, a P/E/G ratio of 2.66 and a beta of 1.85. The company's 50-day moving average price is $283.21 and its 200 day moving average price is $232.64. Lam Research Corporation has a fifty-two week low of $87.75 and a fifty-two week high of $364.81. 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 issued its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research's quarterly revenue was up 23.8% compared to the same quarter last year. During the same period last year, the firm posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 5.67 earnings per share 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 given a $0.26 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's dividend payout ratio (DPR) is currently 19.62%.

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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