Wakefield Asset Management LLLP Makes New Investment in Lam Research Corporation $LRCX

Wakefield Asset Management LLLP purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 36,041 shares of the semiconductor company’s stock, valued at approximately $4,827,000. Lam Research accounts for approximately 1.3% of Wakefield Asset Management LLLP’s holdings, making the stock its 13th biggest holding.

Several other large investors also recently made changes to their positions in LRCX. Vanguard Group Inc. increased its holdings in Lam Research by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company’s stock worth $17,537,447,000 after purchasing an additional 364,949 shares in the last quarter. State Street Corp boosted its position in shares of Lam Research by 1.1% during the second quarter. State Street Corp now owns 59,551,547 shares of the semiconductor company’s stock worth $5,810,172,000 after buying an additional 629,666 shares during the period. JPMorgan Chase & Co. grew its holdings 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 worth $3,954,188,000 after buying an additional 5,102,589 shares in the last quarter. Geode Capital Management LLC raised its position in Lam Research by 3.5% in the 2nd quarter. Geode Capital Management LLC now owns 33,802,736 shares of the semiconductor company’s stock valued at $3,280,484,000 after buying an additional 1,135,405 shares during the last quarter. Finally, Norges Bank bought a new stake in Lam Research in the 2nd quarter valued at approximately $1,894,585,000. Institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised their price target on shares of Lam Research from $244.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 25th. Sanford C. Bernstein raised their target price on shares of Lam Research from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. HSBC boosted their price target on shares of Lam Research from $181.00 to $221.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Summit Insights upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $245.35.

More Lam Research News

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

• Positive Sentiment: Lam announced a technology collaboration with IBM to advance sub-1nm logic scaling (materials, processes and High-NA EUV techniques), reinforcing Lam’s role in next‑generation fab tool demand and long‑term TAM expansion. IBM and Lam Research Announce Collaboration to Advance Sub-1nm Logic Scaling
• Positive Sentiment: Barclays raised its price target on LRCX (from $250 to $255) — a sign of improved analyst assumptions on equipment spending even though the firm kept an “equal weight” rating. This supports upside vs. recent levels. Barclays raises price target
• Positive Sentiment: Broader analyst/upgrades and notes pointing to stronger chip‑capex helped the sector; a published piece highlighted that chip gear spending shows no signs of slowing, which lifts demand outlook for wafer‑fab equipment vendors like Lam. Chip Gear Spending Shows No Signs Of Slowing, Analyst Says
• Positive Sentiment: Inclusion dynamics and flows: recent commentary tied intra‑day strength to rotation back into semiconductor-equipment names and Lam’s upcoming addition to the S&P 100 (effective March 23), which can generate incremental passive demand. Lam Research jumps amid equipment rebound and S&P 100 addition
• Positive Sentiment: Short interest fell ~20.7% in February (to ~26.1M shares, ~2.1% of float; days‑to‑cover ~3.0), reducing short‑pressure and the potential for squeeze dynamics if sentiment stays positive.
• Neutral Sentiment: Valuation/price action note: analysts and retail coverage point to a strong multi‑quarter rally and a recent pullback; some writeups are assessing whether the rally leaves valuation stretched despite strong fundamentals. Assessing Lam Research (LRCX) Valuation
• Neutral Sentiment: Institutional activity is mixed: large portfolio rebalances were noted (some big trims and some big adds), which can create short‑term supply/demand noise but not a clear directional signal. QuiverQuant institutional flow summary
• Negative Sentiment: Insider selling has been active (multiple exec sales reported), which some investors view as a governance/valuation caution even though sales can be for personal liquidity rather than a signal on fundamentals. QuiverQuant insider trading summary

Lam Research Trading Up 1.9%

Lam Research stock opened at $215.23 on Wednesday. The stock has a 50-day simple moving average of $222.49 and a 200 day simple moving average of $171.33. The stock has a market capitalization of $268.77 billion, a P/E ratio of 44.10, a PEG ratio of 2.27 and a beta of 1.77. 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 released its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. During the same quarter in the prior year, the company earned $0.91 earnings per share. The business’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. Analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders 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 annualized dividend and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is presently 21.31%.

Insider Transactions at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the 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 directly owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This represents a 4.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the sale, the director owned 253,705 shares of the company’s stock, valued at $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is owned by insiders.

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.