Wedge Capital Management L L P NC Acquires 619,933 Shares of Lam Research Corporation $LRCX

Wedge Capital Management L L P NC lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 24,767.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 622,436 shares of the semiconductor company’s stock after purchasing an additional 619,933 shares during the period. Lam Research accounts for about 1.4% of Wedge Capital Management L L P NC’s portfolio, making the stock its biggest position. Wedge Capital Management L L P NC’s holdings in Lam Research were worth $83,344,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LRCX. Norges Bank bought a new position in shares of Lam Research during the 2nd quarter worth approximately $1,894,585,000. JPMorgan Chase & Co. boosted its stake in Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after acquiring an additional 5,102,589 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Lam Research by 99.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock worth $417,242,000 after purchasing an additional 2,864,863 shares during the period. Nordea Investment Management AB increased its stake in Lam Research by 34.1% in the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after purchasing an additional 2,692,189 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Lam Research by 35.4% during the second quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock valued at $958,786,000 after purchasing an additional 2,575,456 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer directly owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the sale, the senior vice president directly owned 251,047 shares of the company’s stock, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on LRCX. Morgan Stanley raised their target price on Lam Research from $137.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price target (up previously from $175.00) on shares of Lam Research in a report on Monday, December 15th. Susquehanna raised their price objective on Lam Research from $135.00 to $200.00 and gave the company a “positive” rating in a research note on Thursday, October 23rd. HSBC set a $127.00 price objective on Lam Research and gave the company a “hold” rating in a report on Tuesday, September 30th. Finally, Dbs Bank increased their target price on Lam Research from $119.40 to $184.20 in a report on Monday, October 27th. Twenty-six analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $160.37.

Lam Research News Summary

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

• Positive Sentiment: Multiple sell‑side upgrades and price‑target increases from major firms lift sentiment and implied upside — B. Riley raised its target to $195 and maintained a buy rating. Article Title
• Positive Sentiment: Deutsche Bank raised its target to $195 and reiterated a buy, citing stronger forward visibility; that adds another institutional vote of confidence. Article Title
• Positive Sentiment: Mizuho lifted its price target to $200 from $170, maintaining an outperform view — another sizable increase that signals analysts expect stronger 2026 demand. Article Title
• Positive Sentiment: Coverage roundup: three firms turned bullish on LRCX today, a concentrated shift that drove short‑term buying interest. Article Title
• Positive Sentiment: Technical momentum: LRCX just flashed a golden‑cross (longer MA crossing above shorter MA) and cleared the 20‑day moving average — a buy signal that attracts momentum traders. Article Title
• Positive Sentiment: Investor recognition: IBD named Lam an “IBD Stock of the Day” and noted all‑time high momentum tied to 2026 prospects, which can attract retail inflows. Article Title
• Neutral Sentiment: Analysis pieces and price‑range summaries reflect consensus views and model updates (price forecasts shown from ~$175 to $210) — useful context but not a direct catalyst on its own. Article Title
• Neutral Sentiment: Feature coverage (Forbes) reviews the drivers behind today’s move and the 2026 thesis; good background for investors but largely descriptive. Article Title
• Neutral Sentiment: Corporate/community items (annual collegiate challenge winners) are positive PR but unlikely to move the stock materially. Article Title

Lam Research Trading Up 4.6%

Shares of Lam Research stock opened at $172.27 on Friday. The company has a market capitalization of $216.38 billion, a P/E ratio of 37.95, a price-to-earnings-growth ratio of 1.77 and a beta of 1.77. The stock has a fifty day simple moving average of $154.83 and a 200 day simple moving average of $123.08. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $173.58. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the business earned $0.86 EPS. The business’s revenue was up 27.7% on a year-over-year basis. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd will be issued a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 annualized dividend and a yield of 0.6%. Lam Research’s payout ratio is 22.91%.

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.