Oppenheimer & Co. Inc. Raises Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Oppenheimer & Co. Inc. raised its stake in Lam Research by 198% in Q4 to 57,088 shares, valued at about $9.77 million.
• Lam Research beat quarterly estimates—$1.47 EPS vs. $1.36 expected and $5.84B revenue (up 23.8% y/y)—leading to analyst target increases and a consensus "Moderate Buy" (avg target ≈ $285.94).
• Insiders have sold 136,896 shares in the past three months (≈$31.2M), a notable amount given high institutional ownership (~84.6%).

Oppenheimer & Co. Inc. increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 198.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,088 shares of the semiconductor company's stock after purchasing an additional 37,933 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Lam Research were worth $9,772,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LRCX. Brighton Jones LLC lifted its stake in shares of Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock worth $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Lam Research during the 1st quarter worth $239,000. Gabelli Funds LLC purchased a new stake in shares of Lam Research during the 2nd quarter worth $253,000. NewEdge Advisors LLC lifted its stake in shares of Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock worth $9,785,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Osterweis Capital Management Inc. increased its position in Lam Research by 5,206.7% during the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock valued at $77,000 after buying an additional 781 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Ava Harter sold 6,010 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares of the company's stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 136,896 shares of company stock valued at $31,213,349. Company insiders own 0.31% of the company's stock.

Lam Research Stock Down 0.4%

Shares of LRCX stock opened at $256.78 on Friday. The stock's 50-day simple moving average is $236.37 and its 200-day simple moving average is $201.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The firm has a market capitalization of $321.12 billion, a PE ratio of 48.45, a P/E/G ratio of 2.13 and a beta of 1.81. Lam Research Corporation has a fifty-two week low of $72.59 and a fifty-two week high of $275.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates 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 was up 23.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Dividend Announcement

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 of this dividend was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research's dividend payout ratio is currently 19.62%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Morgan Stanley upped their target price on Lam Research from $260.00 to $293.00 and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Barclays set a $275.00 target price on Lam Research and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Bank of America upped their target price on Lam Research from $285.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Zacks Research lowered Lam Research from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Finally, Susquehanna upped their target price on 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 research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $285.94.

Lam Research News Summary

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

• Positive Sentiment: Q3 results and follow-up analyst upgrades highlight continued AI-driven demand and beat Street expectations, supporting near-term revenue/earnings momentum. Analyst Upgrades PT on Lam Research After Q3 Earnings, What’s Next?
• Positive Sentiment: Erste Group raised FY2027 EPS estimates (from $7.02 to $7.74), indicating analysts are increasing medium‑term profit expectations despite a "Hold" rating. Erste Group raises FY2027 EPS
• Positive Sentiment: High-profile portfolio ownership: Lam is highlighted in billionaire Philippe Laffont’s portfolio and cited as a strong YTD performer (roughly +35% YTD), which can attract momentum buyers. Forget Nvidia: This AI Semiconductor Stock in Billionaire Philippe Laffont Portfolio Is Winning in 2026
• Positive Sentiment: Technical: LRCX recently cleared the 20-day simple moving average — a short‑term bullish signal that can draw technical traders. Lam Research Recently Broke Out Above the 20-Day Moving Average
• Neutral Sentiment: Analyst price-target moves are wide-ranging (moves spanning roughly $6 to $105), reflecting divergent views on wafer‑fab equipment demand and valuation — this raises volatility and mixed signals for investors. How The Lam Research (LRCX) Story Is Shifting With New Analyst Targets And Risks
• Neutral Sentiment: Retail and research attention has LRCX trending on stock‑search platforms; that can amplify swings but doesn’t change fundamentals by itself. Lam Research Corporation Is a Trending Stock

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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