Independent Advisor Alliance Raises Stake in Lam Research Corporation $LRCX

Independent Advisor Alliance raised its position in Lam Research Corporation (NASDAQ:LRCX) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,542 shares of the semiconductor company’s stock after acquiring an additional 2,018 shares during the quarter. Independent Advisor Alliance’s holdings in Lam Research were worth $7,454,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Traphagen Investment Advisors LLC lifted its position in shares of Lam Research by 2.4% during the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock worth $336,000 after buying an additional 46 shares during the last quarter. Field & Main Bank lifted its position in shares of Lam Research by 1.1% during the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock worth $790,000 after buying an additional 50 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of Lam Research by 1.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company’s stock worth $795,000 after buying an additional 51 shares during the last quarter. Retirement Planning Group LLC lifted its position in shares of Lam Research by 2.9% during the 4th quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company’s stock worth $314,000 after buying an additional 51 shares during the last quarter. Finally, Global Financial Private Client LLC lifted its position in shares of Lam Research by 0.5% during the 4th quarter. Global Financial Private Client LLC now owns 11,037 shares of the semiconductor company’s stock worth $1,889,000 after buying an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: B. Riley raised its price target on Lam Research to $375 from $350 and reiterated a Buy rating, signaling further upside as analysts see strong execution and demand momentum.
• Positive Sentiment: Seaport Research initiated coverage with a Buy rating and a $300 target, citing Lam Research’s favorable positioning as wafer fabrication investment strengthens.
• Positive Sentiment: Multiple articles highlighted Lam Research’s gross margin nearing 50%, with guidance implying about 50.5%, suggesting strong pricing power and efficient operations amid AI-related demand.
• Positive Sentiment: Coverage around the memory-chip shortage noted that tighter supply is pushing customers to invest more in equipment and infrastructure, which could support orders for Lam Research tools.
• Positive Sentiment: Recent commentary also pointed to rising AI infrastructure spending, advanced packaging demand, and foundry expansion as broader tailwinds for semiconductor equipment names like LRCX.
• Neutral Sentiment: Lam Research has also been featured in several valuation and “top stock” pieces, reinforcing positive sentiment but not adding new company-specific fundamentals.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LRCX. Mizuho boosted their price objective on shares of Lam Research from $295.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group restated a “buy” rating and set a $290.00 price objective on shares of Lam Research in a research report on Thursday, April 23rd. Rothschild & Co Redburn boosted their price objective on shares of Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Barclays set a $275.00 target price on shares of Lam Research and gave the company an “equal weight” rating in a report on Thursday, April 23rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $320.00 target price on shares of Lam Research in a report on Thursday, April 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $291.75.

Insider Buying and Selling

In related news, SVP Neil J. Fernandes sold 18,170 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total value 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. The trade was a 21.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 dated 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 transaction, the insider owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 120,066 shares of company stock worth $27,953,242 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX opened at $289.24 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. The stock has a market capitalization of $361.72 billion, a P/E ratio of 54.57, a P/E/G ratio of 2.45 and a beta of 1.81. The company’s fifty day moving average is $242.07 and its two-hundred day moving average is $208.13. Lam Research Corporation has a 1 year low of $79.49 and a 1 year high of $300.00.

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

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.