Ironwood Investment Counsel LLC Invests $1.11 Million in Lam Research Corporation $LRCX

Ironwood Investment Counsel LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,491 shares of the semiconductor company’s stock, valued at approximately $1,111,000.

Several other hedge funds and other institutional investors have also modified their holdings of LRCX. PMV Capital Advisers LLC purchased a new position in shares of Lam Research during the fourth quarter worth $25,000. Stance Capital LLC purchased a new position in shares of Lam Research during the third quarter worth $26,000. Triumph Capital Management purchased a new position in shares of Lam Research during the third quarter worth $27,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Lam Research during the second quarter worth $29,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Lam Research during the third quarter worth $40,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Key Lam Research News

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

• Positive Sentiment: Lam Research is benefiting from AI-driven demand for semiconductor manufacturing equipment, with reports citing record quarterly revenue and EPS, along with expanding margins. Lam Research Rides AI Boom With Record Results And Margin Expansion
• Positive Sentiment: Management reportedly lifted its outlook for wafer fabrication equipment spending and advanced packaging revenue, reinforcing expectations for continued growth tied to AI infrastructure. Why Lam Research (LRCX) Is Levered to AI-Driven Wafer Fab and Packaging Spending
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple reports pointing to bullish analyst views and higher price targets after the company topped estimates and reached record stock levels. Lam Research (LRCX) Stock Surges Past $300 Milestone as Wall Street Boosts Price Targets
• Neutral Sentiment: Several articles focused on Lam Research’s long-term investment appeal and why investors favor the stock, which adds to the positive narrative but does not appear to introduce new catalysts. If You Invested $1000 in Lam Research a Decade Ago, This is How Much It’d Be Worth Now
• Neutral Sentiment: Conference-participation news may keep Lam Research visible to investors, but it is not likely to move the stock on its own. Lam Research Corporation Announces Participation at Upcoming Conferences

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $284.72 on Monday. The company has a market capitalization of $356.06 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 2.36 and a beta of 1.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The business has a 50-day moving average of $246.23 and a two-hundred day moving average of $211.11. Lam Research Corporation has a 1 year low of $79.49 and a 1 year high of $302.00.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 66.21% and a net margin of 30.94%.Lam Research’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, analysts forecast that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wells Fargo & Company raised their price target on Lam Research from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group reiterated a “buy” rating and issued a $290.00 target price on shares of Lam Research in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Berenberg Bank lifted their target price on Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Twenty-six analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $291.75.

Insider Activity at Lam Research

In related news, SVP Neil J. Fernandes sold 18,170 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. This represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 that occurred on 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 transaction, the insider directly owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 120,066 shares of company stock valued at $27,953,242 over the last three months. 0.31% of the stock is owned by corporate insiders.

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.