Gateway Investment Advisers LLC Has $17.65 Million Position in Lam Research Corporation $LRCX

Gateway Investment Advisers LLC reduced its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 103,089 shares of the semiconductor company’s stock after selling 13,607 shares during the period. Gateway Investment Advisers LLC’s holdings in Lam Research were worth $17,647,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. PMV Capital Advisers LLC bought a new position in Lam Research during the 4th quarter valued at about $25,000. Stance Capital LLC bought a new position in Lam Research during the 3rd quarter valued at about $26,000. Triumph Capital Management bought a new position in Lam Research during the 3rd quarter valued at about $27,000. Strategic Wealth Investment Group LLC bought a new position in Lam Research during the 2nd quarter valued at about $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Lam Research during the 3rd quarter valued at about $40,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 7.7%

Shares of NASDAQ LRCX opened at $297.17 on Thursday. Lam Research Corporation has a 1-year low of $72.91 and a 1-year high of $297.87. The company has a market cap of $371.63 billion, a PE ratio of 56.07, a P/E/G ratio of 2.28 and a beta of 1.81. 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 company has a 50-day moving average of $238.08 and a two-hundred day moving average of $203.95.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The company’s revenue 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, equities analysts expect that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on LRCX. HSBC lifted their price target on shares of Lam Research from $221.00 to $247.00 and gave the company a “hold” rating in a report on Friday, April 24th. Susquehanna lifted their price target on shares of Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a report on Thursday, April 23rd. B. Riley Financial reissued a “buy” rating on shares of Lam Research in a report on Monday, April 20th. Oppenheimer reissued an “outperform” rating and set a $330.00 price target on shares of Lam Research in a report on Thursday, April 23rd. Finally, Argus lifted their price target on shares of Lam Research from $175.00 to $280.00 in a report on Tuesday, February 3rd. Twenty-six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $285.94.

More Lam Research News

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

• Positive Sentiment: Lam reported a March-quarter beat and raised June-quarter guidance, signaling accelerating wafer‑fab demand and margin expansion — a primary driver of the rally. Lam Research jumps 7% as earnings beat and June-quarter outlook signals accelerating wafer-fab demand
• Positive Sentiment: Wall Street momentum: multiple analysts have raised targets and issued buy/outperform ratings after the print — supporting upside and institutional demand. MarketBeat LRCX analyst coverage
• Positive Sentiment: Seaport Global initiated coverage with a buy, adding to the buy‑side chorus and increasing visibility among fund managers. Seaport Global initiates coverage of Lam Research (LRCX) with buy recommendation
• Positive Sentiment: Sector tailwinds: ETF/sector pieces point to heavy AI infrastructure capex benefiting semiconductor equipment suppliers like Lam. That narrative supports multiple quarters of elevated order flows. Semiconductor Leaders SOXX, SMH, and FTXL Are Crushing It on AI Infrastructure Demand
• Positive Sentiment: Industry capacity constraints (highlighted at KLA) suggest near-term tightness for key tools — reinforcing pricing power and order urgency for suppliers including Lam. KLA’s AI Capacity Constraints Highlight Earnings Power And Buyback Commitment
• Positive Sentiment: Technical/flow drivers: Lam cleared a buy point in IBD coverage after the beat, which can attract momentum and systematic buying. Lam Research, IBD Stock Of The Day, Clears Buy Point On Chip-Gear Investments
• Neutral Sentiment: Broad analyst consensus remains constructive (consensus “Moderate Buy”), which supports continued interest but already embeds much optimism. Lam Research Corporation (NASDAQ:LRCX) Receives Consensus Rating of “Moderate Buy” from Brokerages
• Negative Sentiment: Insider selling: an SVP sold shares under a Rule 10b5‑1 plan; while pre‑planned, the transaction can be viewed negatively by some traders. Insider Selling: Lam Research (NASDAQ:LRCX) SVP Sells 18,170 Shares of Stock
• Negative Sentiment: Valuation cautions: some commentators warn LRCX is approaching frothy levels after the run, which raises pullback risk if guidance or macro signals wobble. Lam Research Is Approaching Frothy Levels

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the transaction, the insider directly owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the completion of the transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This represents a 4.42% 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 155,066 shares of company stock valued at $35,849,242. Insiders own 0.31% of the company’s stock.

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.