Assenagon Asset Management S.A. Decreases Position in Lam Research Corporation $LRCX

Assenagon Asset Management S.A. trimmed its position in Lam Research Corporation (NASDAQ:LRCX) by 87.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,045 shares of the semiconductor company’s stock after selling 719,958 shares during the period. Assenagon Asset Management S.A.’s holdings in Lam Research were worth $17,297,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Lam Research during the second quarter worth $1,894,585,000. Arrowstreet Capital Limited Partnership raised its position in shares of Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock valued at $1,518,542,000 after buying an additional 10,053,978 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock worth $2,836,397,000 after buying an additional 3,263,658 shares in the last quarter. California Public Employees Retirement System boosted its position in Lam Research by 108.7% during the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company’s stock worth $606,045,000 after acquiring an additional 2,356,897 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Lam Research by 138.6% during the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company’s stock worth $472,294,000 after acquiring an additional 2,056,749 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Erste Group slightly raised its FY2027 EPS estimate for Lam (from $7.00 to $7.02), signaling continued analyst confidence in Lam’s longer‑term profitability. Read More.
• Positive Sentiment: Bullish research pieces argue Lam is positioned for continued growth due to rising chip process complexity and AI-driven capital expenditures — supportive for medium/long-term revenue and margins. Read More.
• Positive Sentiment: Investment letters and coverage (e.g., Renaissance in a large‑cap growth strategy) highlight Lam’s exposure to growing chip complexity, a structural tailwind for deposition/etch equipment. Read More.
• Positive Sentiment: Technical/flow-driven buying signals have supported the stock recently (not fundamental-driven), which can amplify short-term rallies. Read More.
• Neutral Sentiment: Industry note: Applied Materials stands to benefit from rising HBM and advanced packaging demand — an industry tailwind that should also help Lam over time, though AMAT‑specific coverage may not translate directly into immediate upside for LRCX. Read More.
• Neutral Sentiment: Valuation write‑ups ask whether recent multi‑year gains already price in Lam’s growth; useful for timing entries but not a near‑term catalyst. Read More.
• Negative Sentiment: Immediate negative: investors sold LRCX after news that Google’s TurboQuant can significantly reduce memory requirements for AI models. That development raises short‑term uncertainty around demand for HBM and packaging — key end markets for advanced wafer‑fab equipment. This appears to be the primary driver of today’s pullback. Read More.

Lam Research Stock Performance

Lam Research stock opened at $211.62 on Friday. The firm has a 50 day simple moving average of $228.05 and a 200-day simple moving average of $180.61. The stock has a market cap of $264.26 billion, a price-to-earnings ratio of 43.36, a price-to-earnings-growth ratio of 2.51 and a beta of 1.77. 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 Corporation has a 1-year low of $56.32 and a 1-year high of $256.68.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating 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 quarter in the previous year, the company earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio is 21.31%.

Insider Transactions at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the company’s 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 owned 1,081,705 shares of the company’s stock, valued at $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated 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 transaction, the director directly owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

LRCX has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on shares of Lam Research from $244.00 to $254.00 and gave the company an “equal weight” rating in a report on Wednesday, February 25th. Citic Securities boosted their target price on Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, January 30th. HSBC upped their price target on Lam Research from $181.00 to $221.00 and gave the company a “hold” rating in a research report on Friday, January 30th. The Goldman Sachs Group set a $262.00 price objective on Lam Research and gave the stock a “buy” rating in a research report on Thursday, January 29th. Finally, Rothschild & Co Redburn boosted their price objective on Lam Research from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. One investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.35.

Lam Research Company Profile

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.