Comerica Bank Cuts Position in Lam Research Corporation $LRCX

Comerica Bank lessened its stake in Lam Research Corporation (NASDAQ:LRCX) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 226,990 shares of the semiconductor company’s stock after selling 33,130 shares during the quarter. Comerica Bank’s holdings in Lam Research were worth $38,856,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PMV Capital Advisers LLC purchased a new position in shares of Lam Research in the 4th quarter valued at about $25,000. Stance Capital LLC purchased a new position in shares of Lam Research in the 3rd quarter valued at about $26,000. Triumph Capital Management purchased a new position in shares of Lam Research in the 3rd quarter valued at about $27,000. Harbor Investment Advisory LLC increased its holdings in shares of Lam Research by 73.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 102 shares in the last quarter. Finally, WealthCollab LLC increased its holdings in shares of Lam Research by 29.3% in the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LRCX shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a report on Thursday. Morgan Stanley increased their price target on shares of Lam Research from $260.00 to $293.00 and gave the company an “equal weight” rating in a report on Thursday. Sanford C. Bernstein increased their price target on shares of Lam Research from $285.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday. Mizuho increased their price target on shares of Lam Research from $295.00 to $330.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Oppenheimer reiterated an “outperform” rating and issued a $330.00 price target on shares of Lam Research in a report on Thursday. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $284.49.

Insider Buying and Selling at Lam Research

In other news, insider Ava Harter sold 4,000 shares of Lam Research stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $232.50, for a total transaction of $930,000.00. Following the completion of the sale, the insider directly owned 54,705 shares in the company, valued at $12,718,912.50. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Brandt sold 35,000 shares of Lam Research 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 sale, the director owned 253,705 shares of the company’s stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is owned by corporate insiders.

Lam Research Stock Performance

NASDAQ:LRCX opened at $267.78 on Monday. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $234.99 and a two-hundred day moving average price of $198.63. Lam Research Corporation has a twelve month low of $68.53 and a twelve month high of $275.84. The company has a market capitalization of $334.88 billion, a P/E ratio of 50.52, a price-to-earnings-growth ratio of 2.27 and a beta of 1.78.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the firm posted $1.04 EPS. The firm’s revenue for the quarter was up 23.8% on a year-over-year basis. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts expect that Lam Research Corporation will post 5.53 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were issued 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, March 4th. Lam Research’s dividend payout ratio (DPR) is 19.62%.

Key Lam Research News

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

• Positive Sentiment: Q3 results beat expectations (EPS $1.47, revenue $5.84B) and management gave strong FY guidance tied to AI demand — investors view this as confirmation of a multi-year WFE upcycle. Earnings & press coverage
• Positive Sentiment: Major analysts have lifted price targets across the board (examples: TD Cowen $340, Susquehanna $385, JPMorgan $315, BofA $330), signaling upgraded revenue and margin forecasts driven by AI memory and logic chip spending. Analyst target upgrades
• Positive Sentiment: Several bank research notes reiterated buy/outperform ratings and sizable upside, reinforcing momentum and prompting institutional buyers to add exposure. Deutsche Bank price target raise
• Neutral Sentiment: Broad market action (Dow slip while Nasdaq gains) and strong moves in other chip names (Intel, AMD, Arm) contributed to sector flow into semiconductor-equipment names including LRCX. Market breadth coverage
• Neutral Sentiment: Not all firms moved to buy: a few kept neutral/equal-weight stances (e.g., Morgan Stanley, BNP Paribas), showing some analysts want to see more cycles of delivery before upgrading conviction. Morgan Stanley note
• Negative Sentiment: Valuation concerns: commentary and analysis warn the stock reflects a lot of AI upside already — some investors may view multiple and momentum as stretched, which could amplify pullbacks on any growth-slow surprises. Valuation caution analysis

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.