Lam Research Corporation $LRCX Shares Sold by Phoenix Financial Ltd.

Key Points

• Phoenix Financial Ltd. sharply reduced its Lam Research stake by 97.7% in the fourth quarter, selling 216,607 shares and leaving it with 5,093 shares worth about $871,000.
• Lam Research continues to benefit from AI-driven demand for semiconductor equipment, with reports highlighting record quarterly revenue, earnings growth, and margin expansion. The company also reportedly raised its outlook for wafer fab equipment and advanced packaging spending.
• Wall Street remains constructive on LRCX after strong quarterly results: Lam Research beat earnings and revenue estimates, posted 23.8% year-over-year revenue growth, and received multiple analyst price-target increases, with a consensus rating of Moderate Buy.

Phoenix Financial Ltd. cut its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 97.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,093 shares of the semiconductor company's stock after selling 216,607 shares during the period. Phoenix Financial Ltd.'s holdings in Lam Research were worth $871,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Traphagen Investment Advisors LLC lifted its stake in Lam Research by 2.4% during the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock valued at $336,000 after purchasing an additional 46 shares during the last quarter. Field & Main Bank lifted its stake in Lam Research by 1.1% during the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock valued at $790,000 after purchasing an additional 50 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position 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 in the last quarter. Retirement Planning Group LLC lifted its position in shares of Lam Research by 2.9% in the 4th quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company's stock valued at $314,000 after acquiring an additional 51 shares in the last quarter. Finally, Plancorp LLC lifted its position in shares of Lam Research by 2.1% in the 4th quarter. Plancorp LLC now owns 2,518 shares of the semiconductor company's stock valued at $431,000 after acquiring an additional 51 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Key Lam Research News

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

• Positive Sentiment: Lam Research is benefiting from AI-driven demand for semiconductor manufacturing equipment, with reports citing record quarterly revenue and EPS, along with expanding margins. Lam Research Rides AI Boom With Record Results And Margin Expansion
• Positive Sentiment: Management reportedly lifted its outlook for wafer fabrication equipment spending and advanced packaging revenue, reinforcing expectations for continued growth tied to AI infrastructure. Why Lam Research (LRCX) Is Levered to AI-Driven Wafer Fab and Packaging Spending
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple reports pointing to bullish analyst views and higher price targets after the company topped estimates and reached record stock levels. Lam Research (LRCX) Stock Surges Past $300 Milestone as Wall Street Boosts Price Targets
• Neutral Sentiment: Several articles focused on Lam Research’s long-term investment appeal and why investors favor the stock, which adds to the positive narrative but does not appear to introduce new catalysts. If You Invested $1000 in Lam Research a Decade Ago, This is How Much It'd Be Worth Now
• Neutral Sentiment: Conference-participation news may keep Lam Research visible to investors, but it is not likely to move the stock on its own. Lam Research Corporation Announces Participation at Upcoming Conferences

Insider Transactions at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer 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 document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 120,066 shares of company stock worth $27,953,242 in the last 90 days. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LRCX shares. 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. Morgan Stanley upped their price target on shares of Lam Research from $260.00 to $293.00 and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. BNP Paribas Exane upped their price target on shares of Lam Research from $250.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, April 23rd. Citic Securities upped their price target on shares of Lam Research from $165.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Finally, Susquehanna upped their price target on shares of Lam Research from $350.00 to $385.00 and gave the company a "positive" rating in a research report on Thursday, April 23rd. Twenty-six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and a consensus target price of $291.75.

Lam Research Stock Performance

Shares of LRCX opened at $284.72 on Friday. The company's fifty day moving average is $246.23 and its 200-day moving average is $210.73. Lam Research Corporation has a 12 month low of $79.49 and a 12 month high of $302.00. The firm has a market cap of $356.06 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.81. 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 announced its quarterly earnings results 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 net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the business posted $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. Equities analysts expect that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

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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