Great Lakes Advisors 13F: Adds $5.8M to Lam Research (LRCX) Stake

Great Lakes Advisors expanded its position in semiconductor equipment manufacturer Lam Research Corporation (NASDAQ: LRCX) during the most recent quarter. According to its latest Form 13F filing with the Securities and Exchange Commission, the investment manager added 13,269 shares to its holdings. This transaction represents a 10.7% increase in the fund's total position. Great Lakes Advisors, known for its disciplined approach to large-cap growth and dividend-paying equities, now holds 136,905 shares of the technology company.

Growth in the Lam Research Portfolio

Before this latest transaction, Great Lakes Advisors held 123,636 shares. With the addition of the new shares, the firm's total investment reached a reported value of $59,631,711 at the close of the reporting period. Because Form 13F filings are backward-looking documents, they show a manager's portfolio at a specific moment in the past and may not reflect what Great Lakes Advisors owns today.

Lam Research Stock Performance

On Sunday, the stock was valued at $435.57 per share. Shares of Lam Research have traded in a broad 52-week range, moving from a low of $135.50 to a high of $438.50. The stock is currently trading well above its 50-day moving average of $309.94 and its 200-day moving average of $281.50. With a market capitalization of $347.22 billion, the company carries a trailing price-to-earnings (P/E) ratio of 52.25 and a forward P/E ratio of 23.58.

Strong Revenue Growth and Profitability

Lam Research reported annual revenue of $23.23 billion, which represents a 30.0% increase over the previous year. The company's operations remain highly profitable, boasting a net margin of 31.27% and a return on equity of 65.07%. Shareholders can look forward to the next earnings report, which is scheduled to be released on October 21, 2026.

Dividend Yield and Cash Returns

In addition to capital appreciation, the semiconductor equipment maker pays a regular dividend. The stock currently offers a dividend yield of 0.48%. With a conservative dividend payout ratio of 18.06%, the company retains the vast majority of its earnings to fund research, development, and future business expansion.

Insider Buying and Selling at Lam Research Corporation

Corporate insiders also made moves in the market recently. Director Eric Brandt sold 54,500 shares on June 12, 2026, at an average price of $367.18 per share. The transaction, which carried a total value of $20,011,348, was executed under a pre-arranged Rule 10b5-1 trading plan. These plans allow insiders to schedule stock sales in advance to avoid any appearance of trading on non-public information.

Analysts Set New Price Targets

Wall Street analysts have a favorable view of the semiconductor company, giving it a consensus recommendation of strong buy. There are currently 31 analyst opinions on the stock, with a mean price target of $375.81 and a high target of $500.00.

Several research firms have updated their outlooks recently. On October 5, 2026, Morgan Stanley maintained its Overweight rating and raised its target to $385.00 from $367.00. B. Riley Securities also kept a Buy rating on October 1, 2026, raising its target to $390.00 from $350.00. Earlier, on September 1, 2026, UBS maintained a Buy rating with a target of $425.00, down slightly from an earlier target of $435.00. On August 25, 2026, Mizuho reiterated its Outperform rating with a $365.00 target.

About Lam Research

Lam Research Corporation designs and manufactures the specialized processing equipment used to fabricate integrated circuits. Its systems deposit, etch, and clean materials on silicon wafers, which are essential steps for manufacturing advanced microchips. As global demand for high-performance computing and artificial intelligence continues to rise, the company's manufacturing machinery remains critical to the global semiconductor supply chain.

What to Watch at Lam Research Corporation

Investors interested in Lam Research should monitor the upcoming October 21, 2026 earnings release for updated guidance on chip industry demand. Additionally, upcoming quarterly 13F filings will show whether other major institutional funds are following Great Lakes Advisors' lead by building up their stakes.