Brevan Howard Capital Management LP Sells 51,022 Shares of Lam Research Corporation $LRCX

Brevan Howard Capital Management LP trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 43.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,703 shares of the semiconductor company’s stock after selling 51,022 shares during the period. Brevan Howard Capital Management LP’s holdings in Lam Research were worth $9,065,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of LRCX. Norges Bank purchased a new position in shares of Lam Research during the 2nd quarter valued at $1,894,585,000. Arrowstreet Capital Limited Partnership increased its holdings in Lam Research by 781.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock worth $1,518,542,000 after acquiring an additional 10,053,978 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Lam Research by 14.4% in the 2nd 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. Invesco Ltd. lifted its holdings in Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock valued at $2,836,397,000 after purchasing an additional 3,263,658 shares during the last quarter. Finally, Artisan Partners Limited Partnership boosted its position in Lam Research by 35.4% during the second 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 during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on LRCX shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lam Research from $260.00 to $290.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Citigroup raised their price objective on shares of Lam Research from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. UBS Group set a $300.00 target price on shares of Lam Research in a report on Thursday, January 29th. Stifel Nicolaus increased their target price on Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.35.

Lam Research Stock Performance

Lam Research stock opened at $212.20 on Friday. The firm’s 50 day simple moving average is $224.75 and its 200 day simple moving average is $173.18. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $256.68. The firm has a market capitalization of $264.99 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 2.28 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping 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 firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The business’s quarterly 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. As a group, analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is 21.31%.

Insider Transactions at Lam Research

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the sale, the director directly owned 253,705 shares in the company, valued at $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by corporate insiders.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam is engaging with BE Semiconductor Industries (BESI) to boost advanced‑packaging capabilities and content — a strategic M&A angle that would accelerate Lam’s exposure to fast‑growing advanced packaging markets. Lam Research BESI Talks Highlight Push Into Advanced Packaging Content — Also reported that BESI has drawn takeover interest with Lam among suitors. Exclusive‑BESI attracts takeover interest as advanced chip packaging demand surges
• Positive Sentiment: Lam and IBM announced a long‑term collaboration to develop processes/materials for sub‑1nm logic and High‑NA EUV — strengthening Lam’s roadmap exposure to next‑gen logic and AI chips. Lam Research IBM Alliance Targets Sub 1nm Logic And AI Chip Demand
• Positive Sentiment: Management is targeting growth in foundry and logic markets and is aiming for gross margins above 50% via pricing and mix — a direct driver of EPS leverage if demand stays strong. Lam Research Corp. (LRCX) Targets Growth in Foundry and Logic Markets
• Positive Sentiment: Analysts have lifted targets and reiterated conviction after solid results and outlook; Barclays raised its price target recently (supportive to near‑term sentiment). Is Lam Research One of the Best Large‑Cap Tech Stocks to Invest In?
• Positive Sentiment: Industry analysis highlights a supply‑constrained WFE cycle and strong AI/advanced‑packaging demand that underpin a multi‑year capex runway for Lam. Lam Research: Supply‑Constrained WFE Cycle Sets Up A Multi‑Year Runway
• Neutral Sentiment: Market momentum: LRCX has rallied ~33% over three months on earnings beats and AI/packaging demand—helpful context but not a new catalyst. LRCX Stock Soars 33% in Three Months
• Negative Sentiment: Valuation concerns: some analysts/commentaries warn the stock may be extended and expect a re‑rating or consolidation — a risk if WFE momentum or execution disappoints. Lam Research: Wonderful Company, But The Price Needs To Come Back To Earth

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.