Lam Research Corporation $LRCX Stake Lifted by Sanctuary Advisors LLC

Key Points

• Sanctuary Advisors LLC raised its stake in Lam Research by 6.7% in Q4 to 122,204 shares, valued at about $20.92 million, according to the firm's latest 13F filing.
• Lam Research beat Q3 estimates (EPS $1.47 vs. $1.36; revenue $5.84B vs. $5.70B) and set Q4 2026 guidance of $1.50–$1.80 EPS, spurring multiple analyst price-target increases and a consensus "Moderate Buy" with an average target of $284.49.
• Insiders have been selling: company insiders disposed of 130,886 shares (~$29.66M) in the past 90 days, leaving insiders with just 0.31% ownership of the stock.

Sanctuary Advisors LLC increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,204 shares of the semiconductor company's stock after buying an additional 7,677 shares during the quarter. Sanctuary Advisors LLC's holdings in Lam Research were worth $20,919,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC bought a new position in Lam Research during the 4th quarter worth $25,000. Stance Capital LLC bought a new position in Lam Research during the 3rd quarter worth $26,000. Triumph Capital Management bought a new position in Lam Research during the 3rd quarter worth $27,000. Harbor Investment Advisory LLC grew its stake in Lam Research by 73.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company's stock worth $41,000 after buying an additional 102 shares during the last quarter. Finally, WealthCollab LLC grew its stake in Lam Research by 29.3% during the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company's stock worth $42,000 after buying an additional 55 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Performance

NASDAQ:LRCX opened at $267.78 on Monday. Lam Research Corporation has a 1 year low of $68.53 and a 1 year high of $275.84. The stock has a market cap of $334.88 billion, a price-to-earnings ratio of 50.52, a PEG ratio of 2.27 and a beta of 1.78. The business has a fifty day moving average of $234.99 and a 200-day moving average of $198.63. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

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 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 company's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities analysts predict that Lam Research Corporation will post 5.53 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were issued a $0.26 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research's dividend payout ratio is 19.62%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Weiss Ratings upgraded Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday. Morgan Stanley increased their price target on Lam Research from $260.00 to $293.00 and gave the stock an "equal weight" rating in a research note on Thursday. TD Cowen increased their price target on Lam Research from $290.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday. Rothschild & Co Redburn increased their price target on Lam Research from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Finally, Berenberg Bank increased their price target on Lam Research from $265.00 to $335.00 and gave the stock a "buy" rating in a research note on Thursday. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $284.49.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Q3 results beat expectations (EPS $1.47, revenue $5.84B) and management gave strong FY guidance tied to AI demand — investors view this as confirmation of a multi-year WFE upcycle. Earnings & press coverage
• Positive Sentiment: Major analysts have lifted price targets across the board (examples: TD Cowen $340, Susquehanna $385, JPMorgan $315, BofA $330), signaling upgraded revenue and margin forecasts driven by AI memory and logic chip spending. Analyst target upgrades
• Positive Sentiment: Several bank research notes reiterated buy/outperform ratings and sizable upside, reinforcing momentum and prompting institutional buyers to add exposure. Deutsche Bank price target raise
• Neutral Sentiment: Broad market action (Dow slip while Nasdaq gains) and strong moves in other chip names (Intel, AMD, Arm) contributed to sector flow into semiconductor-equipment names including LRCX. Market breadth coverage
• Neutral Sentiment: Not all firms moved to buy: a few kept neutral/equal-weight stances (e.g., Morgan Stanley, BNP Paribas), showing some analysts want to see more cycles of delivery before upgrading conviction. Morgan Stanley note
• Negative Sentiment: Valuation concerns: commentary and analysis warn the stock reflects a lot of AI upside already — some investors may view multiple and momentum as stretched, which could amplify pullbacks on any growth-slow surprises. Valuation caution analysis

Insider Activity

In other news, Director Eric Brandt sold 35,000 shares of the company's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the sale, the director owned 253,705 shares in the company, valued at $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were 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 owned 1,081,705 shares of the company's stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 130,886 shares of company stock worth $29,658,802 over the last 90 days. 0.31% of the stock is currently owned by company 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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