Peregrine Asset Advisers Inc. Takes $2.68 Million Position in Lam Research Corporation $LRCX

Peregrine Asset Advisers Inc. bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,044 shares of the semiconductor company’s stock, valued at approximately $2,684,000.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Lam Research in the second quarter valued at $1,894,585,000. JPMorgan Chase & Co. raised its position in Lam Research by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 40,622,437 shares of the semiconductor company’s stock worth $3,954,188,000 after acquiring an additional 5,102,589 shares in the last quarter. Nordea Investment Management AB lifted its stake in Lam Research by 34.1% in the second quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock valued at $1,029,210,000 after acquiring an additional 2,692,189 shares during the last quarter. Artisan Partners Limited Partnership grew its position in shares of Lam Research by 35.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 9,849,868 shares of the semiconductor company’s stock valued at $958,786,000 after acquiring an additional 2,575,456 shares during the period. Finally, Sei Investments Co. grew its position in shares of Lam Research by 103.5% in the 2nd quarter. Sei Investments Co. now owns 3,049,460 shares of the semiconductor company’s stock valued at $296,833,000 after acquiring an additional 1,550,842 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Lam Research Stock Down 3.1%

LRCX opened at $230.10 on Wednesday. The stock has a fifty day moving average of $190.60 and a 200-day moving average of $148.53. The company has a market capitalization of $287.34 billion, a P/E ratio of 47.15, a P/E/G ratio of 2.59 and a beta of 1.78. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $251.87. 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 (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. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Lam Research’s revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, equities analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Insider Buying and Selling at Lam Research

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer directly 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LRCX. Citic Securities upped their target price on shares of Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a report on Friday, January 30th. Mizuho set a $265.00 price objective on Lam Research in a research note on Wednesday, January 28th. Dbs Bank raised their price objective on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Argus boosted their target price on Lam Research from $175.00 to $280.00 in a report on Tuesday. Finally, Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a research note on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $243.32.

Trending Headlines about Lam Research

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

• Positive Sentiment: Company leadership changes intended to accelerate AI‑era execution — Lam promoted two senior leaders to increase velocity as it leans into AI-driven demand, a governance move investors typically view as supportive for execution and strategy. Lam Research Announces Leadership Transitions to Increase Company Velocity for the AI era
• Positive Sentiment: Cadence CEO Anirudh Devgan added to the board — brings software/EDA and customer insight, which strengthens board expertise as Lam targets AI and advanced-node investments. Lam Research Appoints Cadence CEO Anirudh Devgan to Board of Directors
• Positive Sentiment: Expanded R&D partnership with CEA‑Leti to accelerate specialty technologies and AI‑focused chip work — supports Lam’s longer‑term TAM expansion into MEMS, photonics, sensors and other specialty devices that benefit from advanced deposition/etch equipment. Lam Research and CEA-Leti Expand Research and Development Collaboration to Advance Fabrication of Specialty Technologies
• Positive Sentiment: Analyst price‑target lifts are supporting the bull case — Argus raised its target to $280 and B. Riley raised/ reiterated a higher target (to $310), signaling strong analyst confidence that could underpin shares over time. Argus Research Adjusts Lam Research Price Target to $280 B. Riley Lifts PT on Lam Research to $310
• Neutral Sentiment: Analytical pieces on international revenue trends and Wall Street sentiment — useful context for modeling growth and geographic exposure but not immediate catalysts. Don’t Overlook Lam Research (LRCX) International Revenue Trends While Assessing the Stock
• Neutral Sentiment: Long‑term performance retrospectives and modest PT moves — articles highlighting 15‑year returns and a smaller PT raise to $235 provide background for buy‑and‑hold investors but are not near‑term drivers. $100 Invested In Lam Research 15 Years Ago Would Be Worth This Much Today Lam Research Price Target Raised to $235
• Negative Sentiment: Sector/peer commentary (KLA) has introduced confusion and volatility — differing WFE-market definitions and headline interpretations after KLA’s earnings prompted selling in the equipment group, which can drag on Lam even if Lam’s own outlook is strong. KLA Sank After Earnings—Then Analysts Started Raising Targets
• Negative Sentiment: Relative performance concerns — headlines noting Lam underperformed some peers recently can trigger short‑term profit‑taking and pressure the stock while investors reconcile earnings/guidance with peer messaging. Lam Research Corp. stock underperforms Monday when compared to competitors despite daily gains

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.