Russell Investments Group Ltd. Acquires 382,552 Shares of Lam Research Corporation $LRCX

Key Points

• Russell Investments boosted its stake in Lam Research by 22.4%, buying 382,552 shares to hold 2,089,066 shares worth about $279.2 million (≈0.17% of the company).
• Lam Research beat expectations with Q results of $1.27 EPS vs. $1.17 expected and $5.34B revenue vs. $5.23B, set Q3 FY26 guidance of $1.25–$1.45 EPS, and carries a consensus analyst price target near $245 (implying roughly ~25% upside).
• Insider selling and recent weakness: insiders sold about 130,886 shares (~$29.7M) last quarter including the CFO's 50,057-share sale (~$11.2M), while the stock was trading down ~7.2% (opened at $199.33).

Russell Investments Group Ltd. boosted its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 22.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,089,066 shares of the semiconductor company's stock after buying an additional 382,552 shares during the period. Russell Investments Group Ltd. owned approximately 0.17% of Lam Research worth $279,224,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Lingohr Asset Management GmbH increased its stake in shares of Lam Research by 590.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company's stock valued at $7,974,000 after acquiring an additional 50,933 shares during the last quarter. Mediolanum International Funds Ltd boosted its stake in Lam Research by 52.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company's stock worth $34,417,000 after acquiring an additional 89,856 shares during the last quarter. First Citizens Bank & Trust Co. grew its holdings in Lam Research by 8.0% during the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company's stock valued at $18,804,000 after purchasing an additional 10,408 shares during the period. Thoroughbred Financial Services LLC grew its holdings in Lam Research by 115.2% during the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company's stock valued at $2,972,000 after purchasing an additional 11,883 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in Lam Research by 30.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company's stock valued at $19,369,000 after purchasing an additional 34,147 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Down 7.2%

Shares of NASDAQ:LRCX opened at $199.33 on Monday. The firm has a market cap of $248.92 billion, a price-to-earnings ratio of 40.85, a PEG ratio of 2.14 and a beta of 1.77. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $256.68. The company's fifty day simple moving average is $220.95 and its 200 day simple moving average is $169.72. 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 released its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $5.23 billion. During the same quarter in the prior year, the company earned $0.91 EPS. The company's revenue was up 22.1% on a year-over-year basis. 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 EPS for the current fiscal year.

Lam Research Announces Dividend

The company 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 $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research's dividend payout ratio (DPR) is currently 21.31%.

Insider Buying and Selling at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction that occurred on 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 directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Brandt sold 35,000 shares of the business's stock in a transaction on 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 directly owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 130,886 shares of company stock worth $29,658,802. Corporate insiders own 0.31% of the company's stock.

Key Stories 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.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group set a $262.00 target price on shares of Lam Research and gave the stock a "buy" rating in a report on Thursday, January 29th. New Street Research upped their price objective on shares of Lam Research from $195.00 to $235.00 and gave the company a "neutral" rating in a research report on Friday, January 30th. Bank of America raised their price objective on Lam Research from $195.00 to $245.00 and gave the stock a "buy" rating in a research note on Tuesday, January 13th. Argus lifted their target price on Lam Research from $175.00 to $280.00 in a report on Tuesday, February 3rd. Finally, Evercore set a $275.00 target price on Lam Research in a research note on Thursday, January 29th. One equities 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. According to data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $245.19.

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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