Delphi Management Inc. MA Sells 2,557 Shares of Lam Research Corporation $LRCX

Delphi Management Inc. MA decreased its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 32.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 5,206 shares of the semiconductor company’s stock after selling 2,557 shares during the period. Delphi Management Inc. MA’s holdings in Lam Research were worth $1,112,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of LRCX. Greenup Street Wealth Management LLC lifted its position in shares of Lam Research by 1.8% during the 1st quarter. Greenup Street Wealth Management LLC now owns 2,433 shares of the semiconductor company’s stock valued at $520,000 after acquiring an additional 44 shares during the period. Triumph Capital Management grew its holdings in Lam Research by 22.5% in the fourth quarter. Triumph Capital Management now owns 245 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 45 shares during the period. Traphagen Investment Advisors LLC increased its stake in Lam Research by 2.4% in the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 46 shares in the last quarter. Bank of Jackson Hole Trust increased its stake in Lam Research by 12.6% in the fourth quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company’s stock valued at $73,000 after purchasing an additional 48 shares in the last quarter. Finally, Field & Main Bank raised its holdings in shares of Lam Research by 1.1% during the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company’s stock valued at $790,000 after purchasing an additional 50 shares during the period. Institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction that occurred on 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 transaction, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,339 shares of company stock valued at $27,680,267 over the last ninety days. 0.31% of the stock is currently owned by insiders.

Lam Research Stock Up 0.4%

Shares of NASDAQ LRCX opened at $372.92 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The company has a 50-day moving average price of $309.03 and a 200-day moving average price of $246.96. The stock has a market capitalization of $466.37 billion, a P/E ratio of 70.36, a P/E/G ratio of 3.06 and a beta of 1.85. Lam Research Corporation has a 1 year low of $90.93 and a 1 year high of $409.75.

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, 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 for the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the prior year, the business posted $1.04 EPS. The firm’s revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 5.7 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is 19.62%.

Analyst Upgrades and Downgrades

LRCX has been the topic of a number of research analyst reports. New Street Research increased their price objective on shares of Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Stifel Nicolaus boosted their target price on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. TD Cowen upped their price target on Lam Research from $290.00 to $340.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Berenberg Bank increased their price target on Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.43.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Wells Fargo raised its LRCX price target to $450 and maintained an Overweight rating, signaling confidence in continued strength across semiconductor equipment demand. Wells Fargo Raises its Price Target on Lam Research (LRCX)
• Positive Sentiment: Bank of America reportedly boosted its target to $480 and reiterated a Buy rating, reinforcing the bullish analyst tone around Lam Research. Benzinga report on Lam Research price target increase
• Positive Sentiment: Analysts highlighted surging NAND equipment demand and ongoing AI infrastructure spending as reasons LRCX may have more upside ahead. Lam Research Stock Just Got a New Street-High Price Target
• Neutral Sentiment: Recent commentary noted Lam Research has already had a massive run in 2026, which can keep investor expectations elevated and make the stock more sensitive to valuation swings. Lam Research Stock Is Up 114% So Far in 2026
• Negative Sentiment: The stock has also been hit by a broad chip-sector selloff and profit-taking, suggesting recent weakness was more about industry rotation than company-specific fundamentals. Lam Research slides as global chip selloff outweighs strong recent fundamentals

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.