Hartford Investment Management Co. Cuts Holdings in Lam Research Corporation $LRCX

Hartford Investment Management Co. reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 74,129 shares of the semiconductor company’s stock after selling 3,033 shares during the period. Hartford Investment Management Co.’s holdings in Lam Research were worth $9,926,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its stake in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 12,936 shares during the period. Caxton Associates LLP acquired a new position in shares of Lam Research during the 1st quarter worth about $239,000. Hilltop National Bank purchased a new position in Lam Research in the 2nd quarter valued at about $38,000. Hennessy Advisors Inc. acquired a new stake in Lam Research in the 2nd quarter worth about $143,000. Finally, Berger Financial Group Inc acquired a new stake in Lam Research in the 2nd quarter worth about $222,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Key Lam Research News

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

• Positive Sentiment: Lam announced a multi‑year R&D collaboration with CEA‑Leti to accelerate pathfinding of new materials and processes for specialty technologies (MEMS, sensors, power/RF, photonics/MicroLED, optical interconnects) — a move that supports AI and edge-device demand and extends Lam’s addressable market. Lam Research and CEA-Leti Expand Research and Development Collaboration to Advance Fabrication of Specialty Technologies
• Positive Sentiment: Market coverage has turned more bullish after Lam’s January quarter: multiple firms raised price targets and issued upgrades following the revenue/earnings beat and higher guidance, reinforcing investor confidence. Analysts Lift Price Targets on Lam Research Corporation (LRCX ) Following Strong Quarter Results
• Positive Sentiment: Coverage reports note several specific price‑target raises and at least one upgrade (multiple outlets flagged targets raised to the $235–$300 range), signaling rising sell‑side conviction after the strong print and AI demand commentary. Lam Research (NASDAQ:LRCX) Price Target Raised to $235.00
• Neutral Sentiment: Sector context: a MarketBeat piece on KLA highlights how peer earnings and differing WFE market definitions can cause swings in wafer‑fab equipment stocks; it suggests Lam’s stronger WFE growth outlook is intact but market reactions can be volatile. KLA Sank After Earnings—Then Analysts Started Raising Targets
• Neutral Sentiment: Analysis pieces question how much weight to place on sell‑side ratings versus fundamentals; useful for investors deciding whether recent upgrades justify adding exposure. Is It Worth Investing in Lam Research (LRCX) Based on Wall Street’s Bullish Views?

Analysts Set New Price Targets

Several research firms recently commented on LRCX. JPMorgan Chase & Co. increased their price objective on Lam Research from $165.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Bank of America boosted their price target on shares of Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. New Street Research lifted their price objective on Lam Research from $195.00 to $235.00 and gave the stock a “neutral” rating in a research report on Friday. B. Riley reissued a “buy” rating on shares of Lam Research in a research note on Thursday, January 15th. Finally, UBS Group set a $300.00 target price on Lam Research in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average price target of $238.32.

Lam Research Trading Up 1.7%

Shares of LRCX stock opened at $237.50 on Tuesday. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $251.87. The firm has a market cap of $296.58 billion, a PE ratio of 48.67, a price-to-earnings-growth ratio of 2.62 and a beta of 1.78. The company has a 50-day moving average of $189.04 and a two-hundred day moving average of $147.62. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61.

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

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s payout ratio is currently 21.31%.

Insider Activity

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The shares were 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 owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This trade represents a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.31% of the company’s stock.

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.