Macquarie Group Ltd. Purchases 337,786 Shares of Lam Research Corporation $LRCX

Macquarie Group Ltd. grew its position in Lam Research Corporation (NASDAQ:LRCX) by 65.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 854,339 shares of the semiconductor company’s stock after purchasing an additional 337,786 shares during the quarter. Lam Research makes up about 0.6% of Macquarie Group Ltd.’s portfolio, making the stock its 23rd largest position. Macquarie Group Ltd.’s holdings in Lam Research were worth $146,246,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Summit Financial LLC boosted its stake in Lam Research by 73.8% during the fourth quarter. Summit Financial LLC now owns 31,414 shares of the semiconductor company’s stock worth $5,385,000 after acquiring an additional 13,335 shares in the last quarter. United Capital Management of KS Inc. bought a new position in Lam Research during the fourth quarter worth $736,000. Circle Wealth Management LLC boosted its stake in Lam Research by 22.8% during the fourth quarter. Circle Wealth Management LLC now owns 23,914 shares of the semiconductor company’s stock worth $4,094,000 after acquiring an additional 4,435 shares in the last quarter. Advisors Asset Management Inc. boosted its stake in Lam Research by 11.1% during the fourth quarter. Advisors Asset Management Inc. now owns 94,695 shares of the semiconductor company’s stock worth $16,210,000 after acquiring an additional 9,448 shares in the last quarter. Finally, CI Investments Inc. boosted its stake in Lam Research by 22.7% during the fourth quarter. CI Investments Inc. now owns 454,376 shares of the semiconductor company’s stock worth $77,780,000 after acquiring an additional 83,974 shares in the last quarter. 84.61% of the stock is owned by 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 shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 31,839 shares of company stock valued at $8,561,667. 0.31% of the stock is currently owned by corporate insiders.

Lam Research News Summary

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

• Positive Sentiment: Lam Research is benefiting from renewed optimism around wafer-fab equipment demand, with management recently raising its 2026 WFE market forecast to $140 billion and analysts lifting price targets on expectations that AI-driven chip investment will stay strong. Article Title
• Positive Sentiment: Recent coverage highlighted Lam Research as a core beneficiary of the AI infrastructure boom, with Barclays reiterating constructive views on chip-equipment names and investors focusing on ongoing spending for new semiconductor supply. Article Title
• Positive Sentiment: Lam Research’s recent earnings outperformance and upbeat guidance continue to support the bullish case, with the company beating estimates and projecting stronger revenue momentum into upcoming quarters. Article Title
• Neutral Sentiment: Some recent pieces focus on valuation after the AI-driven rally, suggesting investors are now weighing how much upside is already priced in after a sharp run-up. Article Title
• Negative Sentiment: Broader semiconductor stocks have remained volatile, and one recent session saw LRCX fall more steeply than the market, showing that the stock can still be pressured by sector-wide AI and macro swings. Article Title

Lam Research Stock Performance

LRCX opened at $366.81 on Friday. The company’s fifty day moving average price is $286.10 and its two-hundred day moving average price is $233.58. The company has a market cap of $458.72 billion, a price-to-earnings ratio of 69.21, a PEG ratio of 3.00 and a beta of 1.85. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 1-year low of $87.75 and a 1-year high of $373.82.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts expect that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Seaport Research Partners started coverage on shares of Lam Research in a research note on Monday, May 4th. They set a “buy” rating and a $300.00 target price on the stock. The Goldman Sachs Group restated a “buy” rating and set a $290.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Finally, Wells Fargo & Company restated an “overweight” rating and set a $575.00 price objective (up from $320.00) on shares of Lam Research in a report on Monday, June 1st. Twenty-eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $322.01.

Lam Research Company 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.