Pittenger & Anderson Inc. Purchases 3,429 Shares of Lam Research Corporation $LRCX

Pittenger & Anderson Inc. increased its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 4.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 75,019 shares of the semiconductor company’s stock after buying an additional 3,429 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Lam Research were worth $10,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Lam Research in the second quarter valued at approximately $1,894,585,000. JPMorgan Chase & Co. increased its stake in Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after acquiring an additional 5,102,589 shares during the period. Nordea Investment Management AB lifted its position in shares of Lam Research by 34.1% in the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock worth $1,029,210,000 after acquiring an additional 2,692,189 shares during the period. Artisan Partners Limited Partnership grew its holdings in shares of Lam Research by 35.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after purchasing an additional 2,575,456 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of Lam Research by 103.5% during the second quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock valued at $296,833,000 after purchasing an additional 1,550,842 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Q2 results beat and strong guidance — LRCX reported $1.27 EPS and $5.34B revenue (both above estimates), and guided Q3 EPS of $1.25–1.45 with revenue above Street expectations, signaling continued robust equipment demand from AI and foundry customers. Reuters: Lam Research forecasts strong quarterly results
• Positive Sentiment: Analyst upgrades and higher price targets — A broad, near-term consensus shift higher from banks (JPMorgan, Citi, Needham, Wells Fargo, Deutsche, TD Cowen, Stifel, UBS and others) is supporting the rally by implying more upside to consensus; these moves cite stronger AI-driven bookings and expanding capacity needs. Benzinga: These Analysts Boost Their Forecasts On Lam Research
• Positive Sentiment: Big-bank target lifts — Several outlets reported large raises (JPMorgan/Citigroup to $300, Wells Fargo/Deutsche/TD Cowen to ~$290, Needham to $300, Stifel/UBS higher), which can drive buying by momentum and institutional funds. Benzinga coverage of multiple price-target changes
• Positive Sentiment: AI-driven demand and manufacturing expansion highlighted — Coverage and deep-dive pieces point to accelerating orders tied to AI chips and foundry/NAND capex, supporting revenue durability beyond a single quarter. This narrative is central to investor enthusiasm. Yahoo Finance: LRCX Q4 Deep Dive
• Positive Sentiment: High-profile bullish commentary — Media and TV personalities (e.g., Jim Cramer) and outlets like Barron’s flagged Lam as a best-in-class equipment name with structural tailwinds, which can reinforce retail and momentum flows. InsiderMonkey: Jim Cramer on Lam Research
• Neutral Sentiment: Morgan Stanley raised its target to $244 but kept an equal-weight rating — the new PT is slightly below the current price, which is a mixed signal: higher target versus prior but not an outright buy call. AmericanBankingNews: Morgan Stanley price target
• Negative Sentiment: Valuation and volatility concerns — Coverage (Forbes and others) warns the stock is richly valued (forward P/E elevated vs. history) and has shown sharp past drawdowns; this raises risks if demand disappoints or guidance cools. Forbes: Why record highs may face a reality check
• Negative Sentiment: Concentration and cyclical risk for semiconductor equipment — Despite strong short-term prints, revenue is tied to a lumpy capex cycle; any slowdown in AI/foundry spend or supply-chain setbacks could quickly reverse sentiment. Barron’s: Why earnings were bullish but stock is volatile

Lam Research Price Performance

Lam Research stock opened at $248.17 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $251.38. The stock has a market cap of $311.71 billion, a price-to-earnings ratio of 50.85, a P/E/G ratio of 3.03 and a beta of 1.77. The business’s 50-day simple moving average is $185.48 and its 200 day simple moving average is $145.09.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 63.28% and a net margin of 30.22%.The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Wednesday, December 3rd. Lam Research’s dividend payout ratio is 21.31%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LRCX. Cantor Fitzgerald reiterated an “overweight” rating and set a $320.00 target price (up from $265.00) on shares of Lam Research in a research report on Thursday. UBS Group set a $300.00 target price on Lam Research in a research report on Thursday. Royal Bank Of Canada reiterated an “outperform” rating and set a $290.00 price objective (up from $260.00) on shares of Lam Research in a research note on Thursday. Needham & Company LLC upped their target price on shares of Lam Research from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Berenberg Bank upped their price objective on shares of Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average target price of $234.55.

Insider Activity

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the sale, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bethany Mayer sold 1,298 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the sale, the director owned 1,652 shares in the company, valued at approximately $264,303.48. The trade was a 44.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,408 shares of company stock worth $6,248,501 in the last quarter. 0.31% of the stock is currently owned by company insiders.

About Lam Research

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.