CIBC Asset Management Inc Increases Holdings in Lam Research Corporation $LRCX

CIBC Asset Management Inc grew its holdings in Lam Research Corporation (NASDAQ:LRCX) by 33.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 525,368 shares of the semiconductor company’s stock after acquiring an additional 130,842 shares during the period. CIBC Asset Management Inc’s holdings in Lam Research were worth $89,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new stake in shares of Lam Research in the fourth quarter valued at $25,000. Stance Capital LLC purchased a new position in Lam Research during the 3rd quarter worth $26,000. Triumph Capital Management purchased a new position in Lam Research during the 3rd quarter worth $27,000. Core Wealth Advisors LLC purchased a new position in Lam Research during the 4th quarter worth $29,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in Lam Research during the 2nd quarter worth $29,000. Institutional investors own 84.61% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research’s appearance at a major technology conference may reinforce investor confidence in its AI and semiconductor spending outlook, especially as customers continue investing in advanced chip manufacturing equipment. Lam Research Corporation (LRCX) Presents at Bank of America 2026 Global Technology Conference Transcript
• Positive Sentiment: Recent coverage highlighting Lam Research as a top long-term stock and a potential market outperformer is adding to bullish sentiment around the name. Why Lam Research (LRCX) is a Top Stock for the Long-Term
• Positive Sentiment: Analysts remain constructive on Lam Research’s long-term prospects, citing strong performance versus the broader market and favorable expectations for its business. Is Lam Research Stock Outperforming the S&P 500?
• Neutral Sentiment: An insider sale by SVP Neil J. Fernandes was disclosed, but it was made under a pre-arranged 10b5-1 trading plan, which usually limits how much investors read into the transaction. Lam Research insider trade filing
• Neutral Sentiment: Several articles point to Lam Research’s strong valuation and prior outperformance, but they also suggest investors are waiting for continued execution and earnings growth to justify further gains. Lam Research stock information

Insider Activity

In other news, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares of the company’s stock, valued at $18,102,312. This represents a 11.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction on Monday, April 27th. The shares were 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 in the company, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 31,839 shares of company stock worth $8,561,667. Company insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

LRCX has been the topic of several research reports. Seaport Research Partners initiated coverage on Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 price objective on the stock. TD Cowen raised their price objective on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. B. Riley Financial raised their target price on shares of Lam Research from $350.00 to $375.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Erste Group Bank downgraded shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Sanford C. Bernstein raised their target price on shares of Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and a consensus price target of $303.30.

Lam Research Stock Up 5.5%

Shares of Lam Research stock opened at $334.41 on Wednesday. Lam Research Corporation has a 52-week low of $81.95 and a 52-week high of $335.55. The firm’s 50 day moving average price is $265.55 and its 200-day moving average price is $222.29. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $418.20 billion, a P/E ratio of 63.10, a PEG ratio of 2.63 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion for 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%.The firm’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, sell-side analysts predict that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Announces Dividend

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

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.