Annex Advisory Services 13F: Adds $37M to LRCX Stake

Annex Advisory Services boosted its position in Lam Research Corporation (LRCX) in a filing on October 16, 2026. The firm increased its holdings by 112,156 shares, raising its total from 1,215 shares to 113,371 shares, valued at approximately $37.2 million. This change represents a 9,230.9% increase in Annex's investment in the semiconductor equipment company.

What Changed in Annex Advisory Services' Lam Research Position

The increase in shares signifies a major investment move by Annex Advisory Services, which now holds a substantial position in Lam Research. The firm's new total stands at 113,371 shares, marking a significant change from its previous holding of 1,215 shares.

Other Institutional Activity in Lam Research

Several other institutional investors also adjusted their positions in Lam Research recently. Blackrock Inc. reduced its holdings by 119,563 shares, totaling 132,727,776 shares valued at approximately $35.0 billion. Meanwhile, Vanguard Capital Management LLC increased its stake by 527,515 shares, resulting in 81,683,639 shares worth about $21.6 billion. State Street Corporation added 1,544,077 shares, bringing its total to 60,704,130 shares valued at roughly $16.0 billion. Invesco Ltd. boosted its position by 1,857,036 shares, totaling 52,319,973 shares worth about $13.8 billion. JPMorgan Chase & Co also saw a significant increase, adding 12,604,363 shares for a total of 45,317,479 shares valued at around $11.9 billion.

Lam Research Corporation Stock Down 7.7%

Recently, Lam Research shares traded around $264.85. This price is below both the 50-day moving average of $309.94 and the 200-day average of $281.50. The stock is currently about 39.6% below its 52-week high of $438.50 but remains 95.5% above its 52-week low of $135.50. The projected mean price target for the stock is $375.81, indicating potential upside if the shares recover.

Recent Earnings

Lam Research reported a trailing-twelve-month revenue of about $23.2 billion, with an earnings per share (EPS) of $5.31. The company has shown impressive growth with a year-over-year revenue growth rate of 30.0%. The next earnings report is scheduled for October 21, 2026.

Insider Buying and Selling at Lam Research Corporation

Several insiders sold shares recently at Lam Research. Ava Harter, an officer, sold 5,000 shares on August 31, 2026, at an average price of $302.46, totaling $1.5 million. Another officer, Seshasayee Varadarajan, sold 59,750 shares on September 2, 2026, for about $17.4 million. Director Bethany J Mayer also sold 9,557 shares on September 9, 2026, valued at approximately $3.0 million. On the same day, CEO Timothy M. Archer sold 30,000 shares for about $9.6 million.

Analysts Set New Price Targets

Analysts have maintained various ratings on Lam Research. On July 30, 2026, Morgan Stanley maintained an "Overweight" rating with a target of $367, down from $404. Mizuho kept its "Outperform" rating with a target of $365 on August 25, 2026. UBS also maintained its "Buy" rating with a target of $425 on September 1, 2026. B. Riley Securities raised its target to $390 on October 1, 2026, from $350, and Morgan Stanley again maintained its "Overweight" rating with a new target of $385 on October 5, 2026.

About Lam Research

Lam Research Corporation, based in Fremont, California, designs and manufactures equipment used in semiconductor processing. Their products are crucial in the production of integrated circuits. As the demand for chips continues to rise globally, Lam Research's position in the market becomes increasingly important, making this recent filing by Annex Advisory Services noteworthy.

Bottom Line

Investors will be looking forward to the upcoming earnings date on October 21, 2026, to see how Lam Research continues to perform. As noted, this filing reflects holdings as of the reporting period and may not represent the current position of Annex Advisory Services.