Robertson Stephens Wealth Management LLC Acquires 6,897 Shares of Lam Research Corporation $LRCX

Key Points

• Robertson Stephens Wealth Management LLC raised its stake in Lam Research (NASDAQ:LRCX) by 55.5% in Q4, acquiring 6,897 shares and bringing its holding to 19,329 shares valued at $3.314 million.
• Strong results and analyst upgrades: Lam Research beat quarterly estimates with $1.47 EPS (vs. $1.36) and $5.84B revenue (up 23.8% YoY), and several firms raised price targets (Jefferies and Citi to $315), leaving a consensus "Moderate Buy" average target of $285.94.
• Ownership and insider activity: Institutional investors hold 84.61% of the stock, while insiders have sold 136,896 shares (~$31.2M) in the past 90 days, leaving insiders with about 0.31% ownership.

Robertson Stephens Wealth Management LLC raised its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 55.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,329 shares of the semiconductor company's stock after acquiring an additional 6,897 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Lam Research were worth $3,314,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LRCX. Brighton Jones LLC increased its position in shares of Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after acquiring an additional 12,936 shares during the period. Caxton Associates LLP purchased a new position in shares of Lam Research in the first quarter valued at about $239,000. Gabelli Funds LLC purchased a new position in shares of Lam Research in the second quarter valued at about $253,000. NewEdge Advisors LLC increased its position in shares of Lam Research by 2.7% in the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock valued at $9,785,000 after acquiring an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. increased its position in shares of Lam Research by 5,206.7% in the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock valued at $77,000 after acquiring an additional 781 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

LRCX has been the topic of a number of analyst reports. Jefferies Financial Group boosted their price objective on shares of Lam Research from $285.00 to $315.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Zacks Research cut shares of Lam Research from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday. Citigroup restated a "buy" rating and issued a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. Finally, Barclays set a $275.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus price target of $285.94.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $256.78 on Friday. Lam Research Corporation has a 1 year low of $72.59 and a 1 year high of $275.84. 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 company's 50-day moving average is $236.37 and its 200 day moving average is $201.49. The stock has a market capitalization of $321.12 billion, a P/E ratio of 48.45, a P/E/G ratio of 2.12 and a beta of 1.81.

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, beating the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. Lam Research's quarterly revenue was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were given a dividend of $0.26 per share. 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 payout ratio is currently 19.62%.

Insider Activity at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Brandt sold 35,000 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the sale, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 136,896 shares of company stock worth $31,213,349 over the last 90 days. 0.31% of the stock is owned by company insiders.

Key Lam Research News

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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