Artisan Partners Limited Partnership Has $1.42 Billion Position in Lam Research Corporation $LRCX

Artisan Partners Limited Partnership increased its stake in Lam Research Corporation (NASDAQ:LRCX) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,630,266 shares of the semiconductor company’s stock after purchasing an additional 780,398 shares during the period. Lam Research accounts for 2.0% of Artisan Partners Limited Partnership’s portfolio, making the stock its 11th largest holding. Artisan Partners Limited Partnership owned about 0.85% of Lam Research worth $1,423,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute acquired a new stake in shares of Lam Research in the 2nd quarter valued at $27,000. Strategic Wealth Investment Group LLC acquired a new stake in Lam Research in the second quarter worth about $29,000. Delos Wealth Advisors LLC acquired a new stake in Lam Research in the second quarter worth about $30,000. Bank of Jackson Hole Trust raised its holdings in Lam Research by 111.1% during the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 200 shares during the last quarter. Finally, Country Trust Bank acquired a new position in Lam Research during the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LRCX shares. Deutsche Bank Aktiengesellschaft raised their target price on shares of Lam Research from $260.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Royal Bank Of Canada restated an “outperform” rating and issued a $290.00 price objective (up from $260.00) on shares of Lam Research in a report on Thursday, January 29th. Mizuho set a $265.00 target price on shares of Lam Research in a report on Wednesday, January 28th. Evercore set a $275.00 target price on shares of Lam Research in a research report on Thursday, January 29th. Finally, Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $245.19.

Insider Buying and Selling at Lam Research

In related news, 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 completion of the transaction, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.31% of the stock is owned by corporate insiders.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam announced a technology partnership with CEA-Leti, a management reshuffle, and a new Boise, ID facility aimed at advanced memory manufacturing (near key customer Micron) — moves that strengthen its product roadmap and U.S. footprint for next‑generation and specialty semiconductors. Lam Research Resets Technology Path With CEA Leti Deal And Boise Bet
• Positive Sentiment: Lam has sustained a >$5B quarterly revenue run (Q2 FY26 revenue $5.34B, +22% YoY), reflecting strong demand for wafer‑fab equipment from foundries — a key fundamental tailwind for future earnings. Can Foundry Strength Keep Lam Research’s $5B+ Revenue Streak Alive?
• Positive Sentiment: Morgan Stanley raised its price target on LRCX from $244 to $254 (maintaining an “equal weight” rating), signaling modest analyst conviction in upside versus current levels. Benzinga
• Neutral Sentiment: Lam has become a focus of investor attention (increased search/interest on Zacks), which can amplify intraday moves but doesn’t by itself change fundamentals. Investors Heavily Search Lam Research Corporation (LRCX): Here is What You Need to Know
• Negative Sentiment: Semiconductor stocks sold off in the afternoon on a “buy-the-rumor, sell-the-news” reaction to Nvidia’s earnings/guide — a sector-wide dynamic that pulled down Lam along with peers like Applied Materials and Broadcom. Applied Materials, Broadcom, Lam Research, Western Digital, and Allegro MicroSystems Shares Are Falling, What You Need To Know
• Negative Sentiment: Real-time market coverage noted that LRCX fell more steeply than the broader market today, reflecting short-term selling pressure despite its recent strong results. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Lam Research Stock Performance

Shares of LRCX opened at $239.07 on Friday. The firm has a market cap of $298.54 billion, a P/E ratio of 48.99, a PEG ratio of 2.67 and a beta of 1.78. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $256.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The firm’s 50 day moving average price is $215.67 and its two-hundred day moving average price is $163.89.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business 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 firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period last year, the business posted $0.91 earnings per share. 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 EPS for the current fiscal year.

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date is Wednesday, March 4th. Lam Research’s payout ratio is 21.31%.

Lam Research 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.