Massachusetts Financial Services Co. MA Cuts Stock Position in Lam Research Corporation $LRCX
by Kim Johansen · The Markets DailyMassachusetts Financial Services Co. MA lowered its stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 14.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,179,870 shares of the semiconductor company’s stock after selling 680,815 shares during the period. Massachusetts Financial Services Co. MA owned 0.33% of Lam Research worth $715,510,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Brighton Jones LLC boosted its stake in Lam Research by 1,032.4% during the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after purchasing an additional 12,936 shares during the last quarter. Caxton Associates LLP purchased a new stake in Lam Research during the 1st quarter valued at $239,000. Gabelli Funds LLC purchased a new stake in Lam Research during the 2nd quarter valued at $253,000. NewEdge Advisors LLC boosted its stake in Lam Research by 2.7% during the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after purchasing an additional 2,661 shares during the last quarter. Finally, Heritage Wealth Management Inc. purchased a new stake in Lam Research during the 2nd quarter valued at $209,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.
Lam Research Price Performance
Shares of Lam Research stock opened at $263.66 on Friday. Lam Research Corporation has a one year low of $61.14 and a one year high of $268.23. The stock’s fifty day moving average is $227.64 and its 200 day moving average is $188.95. The stock has a market cap of $329.25 billion, a P/E ratio of 54.03, a P/E/G ratio of 2.76 and a beta of 1.78. 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 – Get Free Report) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm earned $0.91 EPS. Lam Research’s revenue for the quarter 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. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.
Lam Research Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.
Lam Research News Summary
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: Susquehanna raised its price target on LRCX to $350 (from $325) and kept a “positive” rating, signaling strong analyst conviction and implying roughly ~32.8% upside from the cited reference price — a catalyst that can drive buying interest. MarketScreener
- Positive Sentiment: 24/7 Wall St. published a bullish target of $253.16 on LRCX (14.7% upside vs. its reference price), citing strong earnings growth — another favorable independent valuation backing the recent rally. 24/7 Wall St. Article
- Positive Sentiment: Coverage noting an analyst upgrade (reported by AmericanBankingNews/Benzinga) has already coincided with intraday gains, reinforcing momentum as investors re-rate Lam on better-than-expected results and outlook trends. AmericanBankingNews
- Neutral Sentiment: A Yahoo Finance piece examines Lam’s valuation after recent share-price momentum, prompting investors to reassess whether the current multiple fairly reflects continued growth — relevant for longer-term position sizing. Yahoo Finance
- Negative Sentiment: Broader-market weakness linked to fading optimism over a U.S.–Iran ceasefire could pressure cyclical names, including semiconductor equipment suppliers like Lam, if risk-off flows intensify. Barchart
Analysts Set New Price Targets
Several brokerages have commented on LRCX. Mizuho set a $265.00 target price on Lam Research in a research note on Wednesday, January 28th. Wells Fargo & Company increased their target price on Lam Research from $250.00 to $290.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Morgan Stanley increased their target price on Lam Research from $254.00 to $260.00 and gave the company an “equal weight” rating in a research note on Monday, April 6th. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a research note on Thursday, January 29th. Finally, TD Cowen increased their target price on Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Twenty-seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $246.32.
Check Out Our Latest Stock Report on Lam Research
Insider Buying and Selling
In other Lam Research news, insider Ava Harter sold 4,000 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total transaction of $930,000.00. Following the sale, the insider directly owned 54,705 shares of the company’s stock, valued at $12,718,912.50. This trade represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the sale, the chief financial officer directly owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is owned by company insiders.
Lam Research Company 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.