Neo Ivy Capital Management Makes New Investment in Lam Research Corporation $LRCX

Key Points

• Neo Ivy Capital Management opened a new position in Lam Research, buying 13,510 shares in Q3 worth roughly $1.81 million, while institutional investors now own about 84.61% of the company.
• Wall Street sentiment is broadly bullish — multiple analysts have raised price targets (e.g., UBS $300, Susquehanna $325, Bernstein $285), leaving a consensus target of $245.19 that implies roughly ~25% upside and an average rating of "Moderate Buy."
• Lam reported a strong quarter (EPS $1.27 vs. $1.17 est., revenue $5.34B, +22.1% YoY) but faces near-term risk from notable insider selling — ~130,886 shares (~$29.7M) sold in the last 90 days, including sales by the CFO and a director.

Neo Ivy Capital Management acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 13,510 shares of the semiconductor company's stock, valued at approximately $1,809,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Gilliland Jeter Wealth Management LLC boosted its position in shares of Lam Research by 0.3% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company's stock valued at $3,548,000 after acquiring an additional 69 shares during the period. Gold Investment Management Ltd. increased its position in Lam Research by 0.5% during the third quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company's stock worth $1,973,000 after acquiring an additional 70 shares during the period. Hemington Wealth Management raised its stake in Lam Research by 4.3% during the 3rd quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company's stock valued at $231,000 after purchasing an additional 72 shares during the last quarter. Magnus Financial Group LLC raised its stake in Lam Research by 0.3% during the 3rd quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company's stock valued at $3,058,000 after purchasing an additional 76 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in Lam Research by 2.8% in the 3rd quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company's stock valued at $383,000 after purchasing an additional 77 shares during the period. Institutional investors own 84.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein boosted their price objective on shares of Lam Research from $275.00 to $285.00 and gave the stock an "outperform" rating in a report on Monday, February 9th. UBS Group set a $300.00 target price on shares of Lam Research in a research note on Thursday, January 29th. Susquehanna set a $325.00 price target on Lam Research and gave the company a "positive" rating in a research note on Thursday, January 29th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $200.00 price target (up from $175.00) on shares of Lam Research in a report on Monday, December 15th. Finally, JPMorgan Chase & Co. raised their price objective on Lam Research from $165.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and a consensus price target of $245.19.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Analyst price targets signal meaningful upside — consensus targets imply roughly ~25% upside, supporting a bullish case that continued AI/foundry demand and upward earnings revisions could drive gains. Read More.
• Positive Sentiment: Technical setup is constructive — LRCX recently crossed above its 50‑day moving average and hit an intraday high after a key trading signal, which can attract momentum buying. Read More.
• Positive Sentiment: Fundamentals remain supportive — Lam posted a recent quarterly beat with strong margins and guidance that underline exposure to wafer‑processing demand for AI and advanced nodes, attracting institutional interest. Read More.
• Neutral Sentiment: Increased media coverage and valuation debate — multiple “too late to buy?” and review pieces raise visibility and spark discussion on whether the current run already prices growth; useful context but not an immediate catalyst. Read More.
• Negative Sentiment: Large insider selling has spooked investors — CFO Douglas Bettinger sold ~50,057 shares (~$11M) and other insiders (including Ava Harter) reported additional sales; while such sales can be for diversification or tax planning, they often trigger near‑term selling pressure. Read More.
• Negative Sentiment: Sector/geo‑political risks and rising energy costs — reports highlight higher operating costs for customer fabs and potential supply‑chain disruptions tied to geopolitical tensions, a near‑term risk driver that has contributed to the pullback. Read More.

Lam Research Stock Performance

NASDAQ LRCX opened at $199.33 on Friday. The stock has a market cap of $248.92 billion, a P/E ratio of 40.85, a PEG ratio of 2.31 and a beta of 1.77. The company's 50-day simple moving average is $220.95 and its 200 day simple moving average is $168.75. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $256.68. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. The firm had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company's revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, research analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research's dividend payout ratio (DPR) is 21.31%.

Insider Activity at Lam Research

In other Lam Research 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 sale, the director directly 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 legal filing with the SEC, which is available at this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 in the last 90 days. 0.31% of the stock is owned by corporate insiders.

Lam Research Company 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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