AGF Management Ltd. Cuts Stake in Lam Research Corporation $LRCX

AGF Management Ltd. decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 78.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,990 shares of the semiconductor company’s stock after selling 51,195 shares during the period. AGF Management Ltd.’s holdings in Lam Research were worth $1,873,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LRCX. IMG Wealth Management Inc. purchased a new stake in shares of Lam Research in the second quarter valued at approximately $26,000. Howard Hughes Medical Institute acquired a new stake in Lam Research in the second quarter valued at $27,000. Sound Income Strategies LLC purchased a new stake in shares of Lam Research during the 3rd quarter worth $41,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Lam Research during the 2nd quarter worth $29,000. Finally, Tripletail Wealth Management LLC acquired a new position in shares of Lam Research during the 3rd quarter worth $44,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Lam Research news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $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 is accessible through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LRCX. Wells Fargo & Company boosted their price objective on shares of Lam Research from $250.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Evercore ISI set a $275.00 price target on Lam Research in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. B. Riley reiterated a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $320.00 price target (up previously from $265.00) on shares of Lam Research in a research note on Thursday, January 29th. One investment 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. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $243.32.

Lam Research Stock Up 1.7%

Shares of NASDAQ LRCX opened at $213.31 on Friday. The firm has a market cap of $266.38 billion, a P/E ratio of 43.71, a price-to-earnings-growth ratio of 2.27 and a beta of 1.78. 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 1 year low of $56.32 and a 1 year high of $251.87. The firm’s 50 day moving average price is $192.85 and its 200 day moving average price is $149.41.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results 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. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

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

Lam Research News Roundup

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

• Positive Sentiment: Board approves quarterly dividend of $0.26/share — adds a cash-return component that signals confidence in cash flow and can support the stock as income-focused investors re-evaluate the name. Lam Research Corporation Declares Quarterly Dividend
• Positive Sentiment: Analyst upgrades and big price-target hikes — Argus raised its target to $280 and several outlets report materially higher targets (one report shows target ~ $271), which lifts conviction among growth investors and likely triggered buying/rehypothecation by funds tracking analyst sentiment. Argus Increases Lam Research (NASDAQ:LRCX) Price Target to $280.00
• Positive Sentiment: Strategic tech alliance targets AI equipment edge — Lam’s collaboration with CEA‑Leti to pursue AI-focused equipment strengthens its exposure to the highest-growth end markets (AI datacenter chips), supporting longer-term revenue upside. Lam Research Leadership And CEA Leti Alliance Target AI Equipment Edge
• Positive Sentiment: High-profile buy guidance from media — Jim Cramer suggested layering into Lam, which can drive short-term retail and momentum flows into the stock. Jim Cramer on Lam Research: “Put a Quarter of the Position on It If You Want to Buy Lam Research, and Then Leg In”
• Neutral Sentiment: Board addition and COO transition announced — management changes can be positive if they improve execution, but investors will watch the transition closely for continuity and any signaling in guidance or capital allocation. Lam Research Announces Board Addition and COO Transition
• Neutral Sentiment: Analyst/market commentary highlights upside but notes recent volatility — coverage from Zacks and Forbes points to strong fundamentals and sizable modeled upside, while also noting a recent pullback that increases near-term volatility risk. Wall Street Analysts Believe Lam Research (LRCX) Could Rally 30.51%: Here’s is How to Trade

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.