Lam Research Corporation $LRCX Stock Holdings Trimmed by Landscape Capital Management L.L.C.

Key Points

• Landscape Capital Management cut its Lam Research stake by 39.7% in the fourth quarter, selling 15,022 shares and ending with 22,797 shares valued at about $3.9 million.
• Lam Research reported a strong quarter, with EPS of $1.47 and revenue of $5.84 billion, both above analyst expectations. Revenue rose 23.8% from a year earlier, and the company issued Q4 2026 EPS guidance of 1.50 to 1.80.
• The company also declared a quarterly dividend of $0.26 per share and continues to draw bullish analyst coverage, with a consensus rating of Moderate Buy and an average price target of $322.01.

Landscape Capital Management L.L.C. lessened its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 39.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,797 shares of the semiconductor company's stock after selling 15,022 shares during the period. Landscape Capital Management L.L.C.'s holdings in Lam Research were worth $3,902,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Triumph Capital Management raised its stake 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 worth $42,000 after buying an additional 45 shares in the last quarter. Traphagen Investment Advisors LLC raised its stake 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 worth $336,000 after buying an additional 46 shares in the last quarter. Bank of Jackson Hole Trust raised its stake 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 worth $73,000 after buying an additional 48 shares in the last quarter. Field & Main Bank raised its stake 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 worth $790,000 after buying an additional 50 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake 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 worth $795,000 after buying an additional 51 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Insider Activity

In related news, insider Ava Harter sold 6,010 shares of the business's stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of the business's stock in a transaction dated 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 transaction, the senior vice president directly owned 58,470 shares of the company's stock, valued at $18,102,312. This represents a 11.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 31,839 shares of company stock valued at $8,561,667. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $366.81 on Friday. The business's 50-day moving average price is $286.10 and its two-hundred day moving average price is $233.58. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. Lam Research Corporation has a one year low of $87.75 and a one year high of $373.82. The company has a market capitalization of $458.72 billion, a P/E ratio of 69.21, a price-to-earnings-growth ratio of 3.04 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating 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 in the previous year, the company posted $1.04 earnings per share. The business'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. Analysts anticipate that Lam Research Corporation will post 5.7 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LRCX. Stifel Nicolaus boosted their price objective on Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. HSBC boosted their price objective on Lam Research from $221.00 to $247.00 and gave the stock a "hold" rating in a research note on Friday, April 24th. New Street Research boosted their price objective on Lam Research from $235.00 to $280.00 and gave the stock a "neutral" rating in a research note on Monday, April 27th. Jefferies Financial Group boosted their price objective on Lam Research from $285.00 to $315.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Finally, Erste Group Bank lowered Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $322.01.

Key Lam Research News

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

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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