Connor Clark & Lunn Investment Management Ltd. Acquires New Holdings in Lam Research Corporation $LRCX

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Lam Research Corporation (NASDAQ:LRCX) in the 3rd quarter, Holdings Channel.com reports. The fund bought 199,238 shares of the semiconductor company’s stock, valued at approximately $26,678,000.

Several other hedge funds also recently bought and sold shares of LRCX. Brighton Jones LLC lifted its holdings in Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares in the last quarter. Caxton Associates LLP bought a new stake in shares of Lam Research in the first quarter worth about $239,000. Ignite Planners LLC increased its holdings in shares of Lam Research by 32.8% in the second quarter. Ignite Planners LLC now owns 5,169 shares of the semiconductor company’s stock worth $520,000 after acquiring an additional 1,277 shares in the last quarter. Accredited Investors Inc. acquired a new stake in shares of Lam Research during the second quarter worth about $212,000. Finally, Police & Firemen s Retirement System of New Jersey raised its position in shares of Lam Research by 3.8% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 194,171 shares of the semiconductor company’s stock worth $18,901,000 after purchasing an additional 7,174 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LRCX shares. Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 20th. Argus lifted their price target on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. Summit Insights upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. Evercore set a $275.00 price objective on shares of Lam Research in a research report on Thursday, January 29th. Finally, Morgan Stanley raised their price objective on shares of Lam Research from $244.00 to $254.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 25th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $245.35.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 1,500 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total transaction of $333,990.00. Following the completion of the transaction, the insider directly owned 53,205 shares in the company, valued at $11,846,625.30. This represents a 2.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction dated 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 completion of the sale, 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 position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 130,886 shares of company stock worth $29,658,802. Insiders own 0.31% of the company’s stock.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Lam announced a long-term collaboration with IBM to develop processes, materials and High-NA EUV approaches aimed at sub-1nm logic — a strategic win that deepens Lam’s exposure to next‑generation CPU/AI chip demand and strengthens long-term equipment content. Lam Research Corporation (LRCX) Partners With IBM
• Positive Sentiment: Analysts are lifting forecasts and price targets (Barclays and others), citing stronger demand visibility and share gains — these upgrades support near-term buying interest. Barclays Forecasts Strong Price Appreciation for Lam Research (NASDAQ:LRCX) Stock
• Positive Sentiment: Coverage notes Lam’s stock has rallied (~33% over three months) on strong earnings, AI-driven capex and advanced packaging tailwinds — momentum that underpins further upside if WFE stays tight. LRCX Stock Soars 33% in Three Months: Is There More Room for Growth?
• Positive Sentiment: Multiple analyst pieces argue Lam is set to benefit from a supply‑constrained wafer fab equipment (WFE) cycle — management sees WFE rising and Lam retaining/expanding market share, supporting multi‑year revenue visibility. Lam Research: Supply-Constrained WFE Cycle Sets Up A Multi-Year Runway
• Positive Sentiment: Analyst/agency upgrades and bullish commentary (e.g., Seeking Alpha pieces highlighting strengthening setup) are reinforcing investor sentiment around share gains in logic and memory. Lam Research: The Setup Keeps Getting Stronger
• Neutral Sentiment: Management presented at the Cantor conference (transcript available) — useful for modeling guidance and market-share commentary but no single surprise event. Lam Research Corporation (LRCX) Presents at 2026 Cantor Global Technology & Industrial Growth Conference Transcript
• Negative Sentiment: Valuation concerns: some market commentary warns the stock may be extended after the run‑up and could see a pullback if growth expectations moderate. That puts pressure on near‑term returns despite strong fundamentals. Lam Research Corporation: Wonderful Company, But The Price Needs To Come Back To Earth
• Negative Sentiment: Macro/market risk: industry-wide short activity and hedge fund positioning have ticked up amid geopolitical and private-credit worries — this can amplify downside in volatile sessions even for fundamentally strong names. Hazeltree Finds Hedge Funds Ramp Up Short Bets Amid Geopolitical Turmoil and Private Credit Concerns

Lam Research Trading Down 4.3%

NASDAQ LRCX opened at $209.49 on Friday. The stock has a market capitalization of $261.60 billion, a price-to-earnings ratio of 42.93, a PEG ratio of 2.35 and a beta of 1.77. The stock’s 50 day moving average price is $224.21 and its two-hundred day moving average price is $171.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $256.68.

Lam Research (NASDAQ:LRCX) last issued 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 company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the business earned $0.91 EPS. 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 anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.5%. Lam Research’s dividend payout ratio (DPR) is 21.31%.

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.