Blue Water Asset Management Makes New Investment in Lam Research Corporation $LRCX

Blue Water Asset Management bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) in the fourth quarter, Holdings Channel.com reports. The fund bought 3,459 shares of the semiconductor company’s stock, valued at approximately $592,000.

A number of other large investors have also modified their holdings of the business. AustralianSuper Pty Ltd grew its holdings in shares of Lam Research by 6.5% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,831,611 shares of the semiconductor company’s stock worth $313,535,000 after buying an additional 111,187 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in shares of Lam Research by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 308,934 shares of the semiconductor company’s stock worth $53,019,000 after buying an additional 3,793 shares in the last quarter. Williams & Novak LLC grew its holdings in shares of Lam Research by 3.0% during the fourth quarter. Williams & Novak LLC now owns 3,863 shares of the semiconductor company’s stock worth $661,000 after buying an additional 113 shares in the last quarter. Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Lam Research during the fourth quarter worth $24,012,000. Finally, New York Life Investment Management LLC grew its holdings in shares of Lam Research by 0.6% during the fourth quarter. New York Life Investment Management LLC now owns 186,901 shares of the semiconductor company’s stock worth $31,994,000 after buying an additional 1,121 shares in 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: Lam Research is benefiting from AI-driven demand for semiconductor manufacturing equipment, with reports citing record quarterly revenue and EPS, along with expanding margins. Lam Research Rides AI Boom With Record Results And Margin Expansion
• Positive Sentiment: Management reportedly lifted its outlook for wafer fabrication equipment spending and advanced packaging revenue, reinforcing expectations for continued growth tied to AI infrastructure. Why Lam Research (LRCX) Is Levered to AI-Driven Wafer Fab and Packaging Spending
• Positive Sentiment: Wall Street sentiment remains constructive, with multiple reports pointing to bullish analyst views and higher price targets after the company topped estimates and reached record stock levels. Lam Research (LRCX) Stock Surges Past $300 Milestone as Wall Street Boosts Price Targets
• Neutral Sentiment: Several articles focused on Lam Research’s long-term investment appeal and why investors favor the stock, which adds to the positive narrative but does not appear to introduce new catalysts. If You Invested $1000 in Lam Research a Decade Ago, This is How Much It’d Be Worth Now
• Neutral Sentiment: Conference-participation news may keep Lam Research visible to investors, but it is not likely to move the stock on its own. Lam Research Corporation Announces Participation at Upcoming Conferences

Lam Research Trading Down 4.8%

NASDAQ LRCX opened at $284.72 on Friday. The firm’s 50-day moving average is $246.23 and its two-hundred day moving average is $210.73. Lam Research Corporation has a 12 month low of $79.49 and a 12 month high of $302.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The stock has a market capitalization of $356.06 billion, a P/E ratio of 53.72, a PEG ratio of 2.48 and a beta of 1.81.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, beating 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 company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same quarter in the prior year, the company posted $1.04 earnings per share. Lam Research’s revenue for the quarter was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 5.67 earnings per share for the current year.

Insider Buying and Selling at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s 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 transaction, the chief financial officer owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 directly owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 120,066 shares of company stock valued at $27,953,242 over the last 90 days. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LRCX. Sanford C. Bernstein upped their target price on shares of Lam Research from $285.00 to $325.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Barclays set a $275.00 target price on shares of Lam Research and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Evercore upped their target price on shares of Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Finally, Oppenheimer reissued an “outperform” rating and issued a $330.00 price objective on shares of Lam Research in a report on Thursday, April 23rd. Twenty-six analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $291.75.

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.