Renaissance Group LLC Grows Stock Position in Lam Research Corporation $LRCX

Renaissance Group LLC boosted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 1,816.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 212,782 shares of the semiconductor company’s stock after acquiring an additional 201,680 shares during the period. Lam Research accounts for about 1.5% of Renaissance Group LLC’s portfolio, making the stock its 19th largest holding. Renaissance Group LLC’s holdings in Lam Research were worth $36,424,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new stake in shares of Lam Research during the 4th quarter worth about $25,000. Stance Capital LLC purchased a new position in shares of Lam Research during the 3rd quarter worth approximately $26,000. Triumph Capital Management acquired a new stake in Lam Research in the 3rd quarter valued at approximately $27,000. Core Wealth Advisors LLC purchased a new stake in Lam Research in the fourth quarter valued at approximately $29,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in Lam Research in the second quarter valued at approximately $29,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In related news, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% 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, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $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 have sold a total of 31,839 shares of company stock valued at $8,561,667 in the last 90 days. Insiders own 0.31% of the company’s stock.

Lam Research Trading Down 1.6%

NASDAQ:LRCX opened at $321.80 on Thursday. The stock has a 50-day simple moving average of $280.23 and a 200-day simple moving average of $231.09. The stock has a market cap of $402.43 billion, a P/E ratio of 60.72, a P/E/G ratio of 2.71 and a beta of 1.85. Lam Research Corporation has a 1 year low of $87.75 and a 1 year high of $349.09. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54.

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

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Cantor Fitzgerald set a $425.00 price target on Lam Research and gave the stock an “overweight” rating in a research report on Wednesday. Raymond James Financial set a $425.00 target price on Lam Research in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised 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. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $290.00 target price on shares of Lam Research in a research report on Thursday, April 23rd. Finally, B. Riley Financial boosted their price target on shares of Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Twenty-eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $322.01.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Barclays raised its price target on Lam Research (LRCX) to $335 from $275, citing higher wafer fabrication equipment estimates and reinforcing a constructive outlook for chip tools demand. MarketScreener
• Positive Sentiment: Another report said semiconductor equipment stocks, including Lam Research, were trading near record highs as investors continued to bet on strong AI-driven demand for new chip gear. Applied Materials, Other Chip Gear Stocks At Record Highs
• Positive Sentiment: UBS previously lifted its price target on LRCX to $375 from $310, helping fuel the recent rally in the stock. Why Lam Research (LRCX) Stock Is Trading Up Today
• Neutral Sentiment: Lam Research was also mentioned in a broader “unstoppable growth stocks” screen and in investor commentary highlighting its strategic role in the semiconductor industry, but these items did not include new company-specific fundamentals.
• Negative Sentiment: Despite the positive analyst action, Lam Research recently slipped as the semiconductor sector came under pressure, with a broader “correction underway” narrative weighing on chip stocks. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

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.