Manning & Napier Advisors LLC Purchases New Stake in Lam Research Corporation $LRCX

Manning & Napier Advisors LLC acquired a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 362,315 shares of the semiconductor company’s stock, valued at approximately $157,002,000. Lam Research accounts for about 2.0% of Manning & Napier Advisors LLC’s investment portfolio, making the stock its 17th largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Paladin Partners LLC bought a new position in Lam Research during the 2nd quarter valued at $26,000. Bravera Wealth acquired a new position in shares of Lam Research in the 2nd quarter worth approximately $46,000. Cedar Mountain Advisors LLC grew its stake in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 85 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Lam Research in the 2nd quarter worth approximately $52,000. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Lam Research in the 1st quarter worth approximately $26,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Price Performance

NASDAQ:LRCX opened at $314.66 on Wednesday. The company has a fifty day moving average price of $334.80 and a 200 day moving average price of $287.73. The stock has a market cap of $393.74 billion, a P/E ratio of 54.63, a PEG ratio of 1.23 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. Lam Research Corporation has a one year low of $94.11 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.Lam Research’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the business earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Analysts anticipate that Lam Research Corporation will post 9.32 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Lam Research from $404.00 to $367.00 and set an “overweight” rating for the company in a report on Thursday, July 30th. Cantor Fitzgerald set a $500.00 price target on Lam Research and gave the company an “overweight” rating in a report on Monday, June 29th. Seaport Research Partners started coverage on Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 price objective on the stock. HSBC restated a “hold” rating and issued a $333.00 target price on shares of Lam Research in a report on Monday, July 27th. Finally, Sanford C. Bernstein raised their price target on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $357.31.

Insider Buying and Selling at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction on Monday, July 13th. The shares were sold at an average price of $335.00, for a total value of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares of the company’s stock, valued at approximately $29,192,570. The trade was a 17.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,441 shares of company stock worth $27,614,296 over the last three months. Company insiders own 0.31% of the company’s stock.

Lam Research News Summary

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

• Positive Sentiment: AI-driven growth outlook: Reports indicate Lam Research expects strong growth to extend into 2027 as artificial-intelligence spending supports demand for semiconductor manufacturing equipment. The company’s recent earnings also showed momentum, with revenue rising 30% year over year and EPS exceeding analyst expectations.
• Positive Sentiment: Analyst remains bullish: Mizuho lowered its price target modestly from $370 to $365 but maintained an “outperform” rating, implying substantial upside from the referenced price. Wall Street coverage broadly remains supportive of Lam Research’s growth prospects. Benzinga
• Positive Sentiment: Investment in research and development: Lam Research plans to invest more than $3 billion over five years to expand its global R&D laboratory network and increase experimentation capacity. The spending could strengthen its technology pipeline and competitive position as chipmakers invest in advanced manufacturing. Lam Research R&D update
• Neutral Sentiment: Short-interest data offers no signal: Reported short interest was zero shares both periods, producing a zero-day short ratio. Because the data shows no measurable short position, it does not provide a meaningful indication of potential buying pressure or bearish sentiment.
• Negative Sentiment: Sector-wide pressure: Semiconductor stocks declined ahead of NVIDIA’s earnings report, reflecting investor de-risking and sensitivity to AI-related expectations. Weakness across chip equipment and foundry shares could weigh on LRCX despite its company-specific growth outlook. Semiconductor stocks slide
• Negative Sentiment: Valuation and target reduction: LRCX trades at a relatively elevated earnings multiple, while Mizuho’s target-price cut signals some caution about near-term upside even though its rating remains positive.

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.