Fisher Asset Management LLC Sells 56,718 Shares of Lam Research Corporation $LRCX

Fisher Asset Management LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 12.6% during the third quarter, Holdings Channel reports. The fund owned 392,792 shares of the semiconductor company’s stock after selling 56,718 shares during the period. Fisher Asset Management LLC’s holdings in Lam Research were worth $52,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LRCX. Gilliland Jeter Wealth Management LLC increased its holdings in shares of Lam Research by 0.3% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock valued at $3,548,000 after purchasing an additional 69 shares in the last quarter. Gold Investment Management Ltd. boosted its position in Lam Research by 0.5% in the 3rd quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock valued at $1,973,000 after buying an additional 70 shares during the last quarter. Hemington Wealth Management boosted its position in Lam Research by 4.3% in the 3rd quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock valued at $231,000 after buying an additional 72 shares during the last quarter. Magnus Financial Group LLC increased its stake in shares of Lam Research by 0.3% in the 3rd quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock valued at $3,058,000 after buying an additional 76 shares during the period. Finally, Addison Advisors LLC raised its position in shares of Lam Research by 2.8% during the third quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock worth $383,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research News Roundup

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

• Positive Sentiment: Lam’s latest quarterly results and guidance remain supportive: the company beat EPS and revenue estimates last quarter and issued FY guidance that keeps the multi-quarter recovery narrative intact — a key reason many analysts remain constructive on the name. (Earnings/guidance from company filings and recent earnings release)
• Positive Sentiment: Coverage and analyst sentiment emphasize Lam’s outperformance versus semiconductor peers over the past year, helping underpin investor confidence in the stock’s secular positioning. How Is Lam Research’s Stock Performance Compared to Other Semiconductor Stocks?
• Positive Sentiment: Long-term bullish research highlights Lam as a core pick for investors focused on secular demand in logic and foundry tooling, reinforcing buy-and-hold interest. Why Lam Research (LRCX) is a Top Stock for the Long-Term
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference; presentations can reaffirm execution plans and demand cadence but did not disclose material new guidance that would immediately change the outlook. Investors will parse the transcript for color on order trends and capex timing. Lam Research Corporation (LRCX) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript
• Neutral Sentiment: Technical/commentary pieces suggest potential for further upside in the near term (price targets cited), but these are speculative and may amplify intraday volatility rather than change fundamentals. Lam Research (LRCX) Favors Final Push In To $262.9 – $280.8 Before Pullback
• Negative Sentiment: Insider selling: the CFO sold ~40,329 shares (~$9.3M) and another insider sold 4,000 shares (~$0.93M) in early March. Large, contemporaneous insider sales can spark short-term selling pressure and investor concern, even when insiders retain substantial positions. CFO Form 4 (SEC)
• Negative Sentiment: Near-term performance data show the stock underperformed peers on Monday, which can trigger algorithmic and momentum selling into weakness. Lam Research Corp. stock underperforms Monday when compared to competitors

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LRCX. Sanford C. Bernstein lifted their price objective on Lam Research from $275.00 to $285.00 and gave the stock an “outperform” rating in a research report on Monday, February 9th. Evercore set a $275.00 target price on shares of Lam Research in a research note on Thursday, January 29th. The Goldman Sachs Group set a $262.00 price target on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, January 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. Finally, Zacks Research raised shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $245.19.

Lam Research Stock Down 5.9%

Shares of NASDAQ:LRCX opened at $217.27 on Wednesday. The company has a 50 day moving average price of $218.86 and a two-hundred day moving average price of $167.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The company has a market capitalization of $271.32 billion, a PE ratio of 44.52, a PEG ratio of 2.49 and a beta of 1.77. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $256.68.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the previous year, the business earned $0.91 EPS. The firm’s revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts forecast 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 will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Insider Activity

In related news, CFO Douglas R. Bettinger sold 40,329 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $230.22, for a total value of $9,284,542.38. Following the completion of the transaction, the chief financial officer directly owned 1,054,012 shares in the company, valued at approximately $242,654,642.64. The trade was a 3.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director owned 253,705 shares in the company, valued at $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 79,329 shares of company stock worth $18,110,542 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

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.