TD Waterhouse Canada Inc. Decreases Stock Position in Lam Research Corporation $LRCX

TD Waterhouse Canada Inc. decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 12.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,790 shares of the semiconductor company’s stock after selling 3,827 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Lam Research were worth $3,968,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LRCX. Norges Bank purchased a new stake in Lam Research during the 2nd quarter worth $1,894,585,000. JPMorgan Chase & Co. grew its stake in shares of Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock valued at $3,954,188,000 after acquiring an additional 5,102,589 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Lam Research by 34.1% during the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock worth $1,029,210,000 after acquiring an additional 2,692,189 shares during the last quarter. Artisan Partners Limited Partnership lifted its stake in shares of Lam Research by 35.4% in the second quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock worth $958,786,000 after acquiring an additional 2,575,456 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in Lam Research by 103.5% in the second quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock valued at $296,833,000 after purchasing an additional 1,550,842 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the completion of the transaction, the chief financial officer directly owned 987,237 shares in the company, valued at $148,677,892.20. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares in the company, valued at $264,303.48. This represents a 44.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,408 shares of company stock valued at $6,248,501 in the last 90 days. Insiders own 0.31% of the company’s stock.

Lam Research Stock Down 5.9%

Shares of NASDAQ:LRCX opened at $233.46 on Friday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $251.87. The company’s fifty day moving average is $187.29 and its two-hundred day moving average is $146.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.26. The stock has a market capitalization of $293.23 billion, a price-to-earnings ratio of 47.84, a price-to-earnings-growth ratio of 3.05 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is 21.31%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Rothschild & Co Redburn lifted their price objective on Lam Research from $150.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. JPMorgan Chase & Co. lifted their price target on shares of Lam Research from $165.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday. Barclays set a $250.00 price target on shares of Lam Research in a report on Thursday. BNP Paribas Exane raised their price objective on shares of Lam Research from $80.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday, October 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $320.00 target price (up previously from $265.00) on shares of Lam Research in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $238.32.

Lam Research News Roundup

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

• Positive Sentiment: Multiple major brokers sharply raised targets (many to $275–$300), signaling broad analyst bullishness after the quarter and suggesting upside versus earlier prices. These Analysts Boost Their Forecasts On Lam Research Following Strong Q2 Results
• Positive Sentiment: JPMorgan and Citigroup raised targets to $300 (overweight/buy), and firms including Needham, TD Cowen, Wells Fargo, Deutsche and Stifel also lifted targets — a strong institutional vote of confidence for continued AI/foundry-driven demand. Analyst target increases (Benzinga)
• Positive Sentiment: Lam beat Q2 estimates (EPS $1.27 vs. $1.17 est.; revenue $5.34B vs. $5.23B) and issued Q3 EPS guidance of $1.25–$1.45 and revenue above consensus — concrete operational drivers behind analyst upgrades. Lam Research Q2 Earnings Surpass Expectations, Revenues Rise Y/Y
• Neutral Sentiment: New Street Research raised its target to $235 but kept a neutral rating, reflecting near-term upside limited relative to recent price strength. New Street adjusts price target on Lam Research to $235
• Negative Sentiment: HSBC raised its target to $221 but maintained a “hold,” which implies downside from recent levels and highlights some analyst caution despite better results. HSBC adjusts price target on Lam Research to $221
• Negative Sentiment: Coverage notes flag valuation concerns after a large run (high P/E and steep analyst target dispersion), which may limit further upside and explains some profit‑taking. Lam Research Earnings Beat Highlights AI Demand But Raises Valuation Questions

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.