Nomura Asset Management Co. Ltd. Grows Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Nomura Asset Management increased its Lam Research stake by 4.7% in the fourth quarter, bringing its holdings to 554,129 shares valued at about $94.9 million.
• Lam Research is drawing broad institutional support, with 84.61% of the stock owned by hedge funds and other institutions, while several smaller funds also initiated new positions.
• The company reported strong quarterly results and upbeat guidance, with EPS and revenue both topping estimates, and analysts remain largely positive with a Moderate Buy consensus and a target price around $295.07.

Nomura Asset Management Co. Ltd. raised its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 554,129 shares of the semiconductor company's stock after buying an additional 25,104 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in Lam Research were worth $94,856,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new position in shares of Lam Research during the fourth quarter worth $25,000. Stance Capital LLC purchased a new position in Lam Research in the third quarter valued at $26,000. Triumph Capital Management purchased a new position in Lam Research in the third quarter valued at $27,000. Core Wealth Advisors LLC purchased a new position in Lam Research in the fourth quarter valued at $29,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in Lam Research in the second quarter valued at $29,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research hit a new 12-month high, reinforcing strong momentum in the shares and signaling continued investor demand for semiconductor equipment stocks.
• Positive Sentiment: Mizuho Securities reiterated its Buy rating on Lam Research, which supports the stock’s bullish trading tone.
• Positive Sentiment: Options activity showed unusually heavy interest in Lam Research, with investors reportedly favoring short put positions, a sign some traders expect the stock to hold up or rise further.
• Positive Sentiment: Broader semiconductor commentary remained constructive, as Applied Materials’ CEO said AI-driven demand is creating the strongest period ever for the chip equipment industry, a favorable backdrop for Lam Research.
• Neutral Sentiment: Recent articles noted Lam Research’s strong technical run and high valuation, suggesting momentum is powerful but the stock may be vulnerable to volatility if expectations cool.
• Negative Sentiment: Some market commentary questioned whether the semiconductor rally is getting ahead of fundamentals, warning that chip stocks could face a pullback if the current “supercycle” narrative weakens.

Lam Research Stock Up 0.1%

Shares of NASDAQ LRCX opened at $318.18 on Friday. The company has a market capitalization of $397.91 billion, a price-to-earnings ratio of 60.03, a price-to-earnings-growth ratio of 2.63 and a beta of 1.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The business has a 50-day moving average of $263.88 and a two-hundred day moving average of $220.80. Lam Research Corporation has a 1 year low of $79.49 and a 1 year high of $333.33.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research's revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts forecast that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 6,010 shares of Lam Research 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 sale, the insider directly owned 53,205 shares of the company's stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated 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 sale, the chief financial officer directly owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 120,066 shares of company stock valued at $27,953,242 in the last ninety days. Insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Bank of America lifted their target price on Lam Research from $285.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. TD Cowen lifted their target price on Lam Research from $290.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Seaport Research Partners assumed coverage on Lam Research in a report on Monday, May 4th. They issued a "buy" rating and a $300.00 target price for the company. Erste Group Bank lowered Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, April 2nd. Finally, Royal Bank Of Canada lifted their target price on Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a report on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $295.07.

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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