Thrivent Financial for Lutherans Acquires 179,448 Shares of Lam Research Corporation $LRCX

Thrivent Financial for Lutherans grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 142.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 305,141 shares of the semiconductor company’s stock after buying an additional 179,448 shares during the period. Thrivent Financial for Lutherans’ holdings in Lam Research were worth $40,868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Lingohr Asset Management GmbH increased its position in shares of Lam Research by 590.7% during the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock valued at $7,974,000 after buying an additional 50,933 shares during the period. First Citizens Bank & Trust Co. grew its stake in Lam Research by 8.0% during the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after acquiring an additional 10,408 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Lam Research by 30.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after acquiring an additional 34,147 shares during the period. Truist Financial Corp increased its holdings in Lam Research by 119.6% during the 3rd quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock worth $224,502,000 after acquiring an additional 913,009 shares during the period. Finally, Horizon Bancorp Inc. IN purchased a new stake in Lam Research in the 2nd quarter worth approximately $389,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 1.7%

Shares of LRCX 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 company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The stock has a 50 day simple moving average of $189.04 and a two-hundred day simple moving average of $147.62. The firm has a market cap of $296.58 billion, a P/E ratio of 48.67, a P/E/G ratio of 2.62 and a beta of 1.78.

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, topping 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 firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the business posted $0.91 EPS. The business’s quarterly revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Insider Activity

In other news, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research stock in a transaction dated 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 transaction, the chief financial officer owned 987,237 shares in the company, valued at approximately $148,677,892.20. The trade was a 3.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Key Stories Impacting Lam Research

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?

Analyst Ratings Changes

Several research firms have recently weighed in on LRCX. Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 price target on shares of Lam Research in a report on Thursday. Berenberg Bank upped their target price on Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. Stifel Nicolaus boosted their price objective on Lam Research from $250.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Susquehanna set a $325.00 price objective on shares of Lam Research and gave the stock a “positive” rating in a research report on Thursday. Finally, UBS Group set a $300.00 target price on shares of Lam Research in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued 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 a consensus target price of $238.32.

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.