Lam Research Corporation $LRCX is Convergence Investment Partners LLC’s 9th Largest Position

Convergence Investment Partners LLC boosted its position in Lam Research Corporation (NASDAQ:LRCX) by 5.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,274 shares of the semiconductor company’s stock after buying an additional 2,059 shares during the quarter. Lam Research makes up about 1.3% of Convergence Investment Partners LLC’s holdings, making the stock its 9th largest position. Convergence Investment Partners LLC’s holdings in Lam Research were worth $6,723,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of LRCX. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Lam Research by 781.3% in the third 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 period. Invesco Ltd. boosted its holdings in shares of Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after acquiring an additional 3,263,658 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Lam Research by 108.7% in the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company’s stock worth $606,045,000 after acquiring an additional 2,356,897 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Lam Research by 138.6% in the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company’s stock worth $472,294,000 after acquiring an additional 2,056,749 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of Lam Research by 1,925.5% in the fourth quarter. M&T Bank Corp now owns 1,717,551 shares of the semiconductor company’s stock worth $294,010,000 after acquiring an additional 1,632,754 shares during the period. 84.61% of the stock is owned by hedge funds and other institutional investors.

More Lam Research News

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

Insider Activity at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Neil J. Fernandes sold 18,170 shares of the firm’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 owned 66,129 shares in the company, valued at $16,872,153.06. The trade was a 21.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 120,066 shares of company stock valued at $27,953,242. Company insiders own 0.31% of the company’s stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $284.72 on Friday. The firm has a market capitalization of $356.06 billion, a price-to-earnings ratio of 53.72, a P/E/G ratio of 2.48 and a beta of 1.81. Lam Research Corporation has a 52-week low of $79.49 and a 52-week high of $302.00. The stock has a fifty day moving average of $246.23 and a 200 day moving average of $210.73. 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 posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during 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 firm’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, research analysts expect that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Erste Group Bank lowered Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. B. Riley Financial raised their price target on Lam Research from $350.00 to $375.00 and gave the stock a “buy” rating in a report on Tuesday. BNP Paribas Exane raised their price target on Lam Research from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft raised their price target on Lam Research from $300.00 to $325.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Mizuho raised their price target on Lam Research from $295.00 to $330.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Twenty-six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target 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.