Y Intercept Hong Kong Ltd Has $13.60 Million Holdings in Lam Research Corporation $LRCX

Key Points

• Y Intercept Hong Kong cut its Lam Research stake by 74.7% in the second quarter, selling 92,602 shares and retaining 31,377 shares valued at approximately $13.6 million. Institutional investors and hedge funds still own 84.61% of LRCX.
• Analysts remain broadly bullish: 26 analysts rate the stock Buy, one rates it Strong Buy and five rate it Hold, producing a consensus “Moderate Buy” rating and an average price target of $358.47.
• Lam Research exceeded quarterly expectations with $1.82 in earnings per share and $6.72 billion in revenue, up 30% year over year. The company also guided to fiscal first-quarter 2027 EPS of $2.00–$2.30, supported by continued semiconductor and AI-related equipment demand.

Y Intercept Hong Kong Ltd decreased its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 74.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,377 shares of the semiconductor company's stock after selling 92,602 shares during the period. Y Intercept Hong Kong Ltd's holdings in Lam Research were worth $13,597,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC increased its stake in 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 acquiring an additional 12,936 shares during the period. Caxton Associates LLP acquired a new stake in shares of Lam Research during the 1st quarter worth $239,000. Gabelli Funds LLC acquired a new stake in shares of Lam Research during the 2nd quarter worth $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 worth $9,785,000 after purchasing 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 worth $77,000 after purchasing an additional 781 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LRCX. UBS Group reiterated a "buy" rating and set a $375.00 price objective (up from $310.00) on shares of Lam Research in a research note on Tuesday, June 9th. B. Riley Financial reduced their price target on shares of Lam Research from $385.00 to $350.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. TD Cowen reissued a "buy" rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a research report on Wednesday, June 10th. Finally, Oppenheimer restated an "outperform" rating and set a $400.00 target price (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $358.47.

Lam Research Stock Up 4.7%

Shares of NASDAQ LRCX opened at $326.11 on Thursday. Lam Research Corporation has a 1 year low of $94.11 and a 1 year high of $438.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The firm has a market cap of $408.07 billion, a PE ratio of 56.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.84. The company has a 50 day simple moving average of $338.86 and a 200 day simple moving average of $281.96.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research's revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts forecast that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research's payout ratio is 18.06%.

Insider Activity

In other news, SVP Neil J. Fernandes sold 7,659 shares of the firm's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the sale, the director owned 199,205 shares in the company, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 80,441 shares of company stock valued at $27,614,296. Company insiders own 0.31% of the company's stock.

Lam Research News Roundup

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

• Positive Sentiment: Strong earnings and raised forecasts: Lam Research recently exceeded quarterly earnings and revenue expectations, with revenue up 30% year over year. Erste Group Bank raised its fiscal 2027 EPS estimate to $9.27 from $8.05, broadly in line with the $9.32 consensus forecast. The company also issued fiscal first-quarter 2027 EPS guidance of $2.00–$2.30, reinforcing expectations for continued growth.
• Positive Sentiment: AI-driven equipment demand: Analysts continue to identify LRCX as a leading AI-related semiconductor equipment stock, citing strong results, growth prospects and potential upside as chipmakers increase capital spending to support AI infrastructure. Buy and Hold These 2 Top-Ranked AI-Led Semiconductor Equipment Stocks
• Positive Sentiment: Expansion into panel-level packaging: Lam is entering panel-level packaging, an emerging market intended to support larger, more complex AI chips. The move could provide an additional growth avenue beyond its core wafer-fabrication equipment business. Lam Research Enters Panel-Level Packaging: Is This a Growth Catalyst?
• Positive Sentiment: Workforce-development partnership: Lam and NY CREATES will use Lam’s Semiverse virtual-fabrication platform to help train approximately 3,500 university students in semiconductor process integration over five years. The initiative strengthens industry relationships and supports the labor pipeline, though its financial impact is likely long term. Lam Research and NY Creates Team Up to Enable Training of University Students for the Semiconductor Workforce
• Neutral Sentiment: Investor attention remains elevated: Jim Cramer’s upcoming semiconductor-focused call may increase visibility for LRCX, but any impact depends on his comments and is primarily sentiment-driven. 5 Semiconductor Stocks Jim Cramer Could Be Talking About on Thursday
• Neutral Sentiment: Short-interest data is unreliable: A report showing zero shares sold short and a zero-day short ratio appears to reflect faulty or incomplete data, so it offers little actionable information for investors.
• Negative Sentiment: Potential long-term industry competition: SpaceX’s proposed Terrafab facility could challenge the current memory-chip supply structure. The threat is aimed mainly at Micron, SK Hynix and Samsung, but broader changes in semiconductor manufacturing could affect equipment demand and industry dynamics over time.

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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