8,364 Shares in Lam Research Corporation $LRCX Acquired by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 8,364 shares of the semiconductor company’s stock, valued at approximately $1,432,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Generali Investments Management Co LLC boosted its position in Lam Research by 62.0% in the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock valued at $6,209,000 after buying an additional 13,878 shares during the period. Lingohr Asset Management GmbH boosted its position in Lam Research by 590.7% in the 3rd quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock valued at $7,974,000 after buying an additional 50,933 shares during the period. Mediolanum International Funds Ltd boosted its position in Lam Research by 52.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock valued at $34,417,000 after buying an additional 89,856 shares during the period. First Citizens Bank & Trust Co. boosted its position in Lam Research by 8.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after buying an additional 10,408 shares during the period. Finally, Thoroughbred Financial Services LLC boosted its position in Lam Research by 115.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock valued at $2,972,000 after buying an additional 11,883 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $292.09 on Thursday. The company’s fifty day moving average price is $250.60 and its 200 day moving average price is $213.69. Lam Research Corporation has a 12 month low of $79.49 and a 12 month high of $302.00. 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 firm has a market capitalization of $365.28 billion, a P/E ratio of 55.11, a P/E/G ratio of 2.26 and a beta of 1.81.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period last year, the business earned $1.04 EPS. Lam Research’s revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts predict that Lam Research Corporation will post 5.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Argus raised their price target on shares of Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. Royal Bank Of Canada lifted their price objective on shares of Lam Research from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Lam Research from $300.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Twenty-seven equities research 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $292.97.

Insider Buying and Selling

In related news, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the sale, the senior vice president directly owned 66,129 shares in the company, valued at $16,872,153.06. This trade represents a 21.55% decrease in their position. 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, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 120,066 shares of company stock worth $27,953,242 in the last ninety days. 0.31% of the stock is owned by corporate insiders.

Key Lam Research News

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

• Positive Sentiment: Morgan Stanley upgraded Lam Research (LRCX) to Overweight after raising its wafer-fab equipment industry outlook, signaling stronger expected demand across the semiconductor equipment cycle. LRCX Overweight: How Lam Research Is Poised to Outperform the $149B WFE Market
• Positive Sentiment: Lam Research raised its WFE outlook amid surging AI chip demand, with commentary pointing to record quarterly revenue and EPS strength, which supports the case for continued system-sales growth. LRCX Ups WFE View Amid AI Demand: Can It Lift Systems Revenues?
• Positive Sentiment: Bernstein lifted price targets on LRCX after increasing global WFE spending forecasts, citing better prospects for memory expansion in China and elsewhere. Bernstein lifts price targets on LRCX and KLAC after lifting WFE forecasts
• Positive Sentiment: Lam Research opened a new research lab in Salzburg, Austria, to advance chip-packaging technology aimed at increasing chip density and lowering costs, reinforcing its exposure to AI-related advanced packaging demand. Lam Research opens Austria lab to advance chip packaging, cut costs
• Neutral Sentiment: Industry coverage highlighted Lam Research as one of the key semiconductor equipment “picks-and-shovels” plays behind the memory and AI manufacturing boom, which supports the long-term bull case but is more thematic than immediately actionable. Forget the Memory Chip Arms Race. The Real Trade Is the 3 Equipment Companies Every Chipmaker Must Pay First
• Neutral Sentiment: TipRanks said Lam Research is riding the AI wave to a record quarter, but this mainly reinforces the already-positive earnings narrative rather than adding a new catalyst. Lam Research Rides AI Wave to Record Quarter
• Negative Sentiment: One Zacks comparison argued that Applied Materials may have an edge over LRCX because of more diversified tools, AI software, and a cheaper valuation, which could temper enthusiasm around Lam versus peers. Lam Research vs. Applied Materials: Which AI Chip Stock Has the Edge?

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.