Mirae Asset Securities (Usa) 13F: New $16M Stake in LRCX

Mirae Asset Securities (Usa) opened a new position in Lam Research Corporation (NasdaqGS:LRCX), picking up 50,109 shares of the semiconductor equipment maker. The stake carried an estimated value of $16.46 million, according to a Form 13F filing with the SEC on October 15, 2026. Keep in mind that 13F filings look backward at holdings from the end of the reporting quarter and may not reflect what the fund holds today.

What Changed in Mirae Asset Securities's Lam Research Position

The newly established holding gave the fund a fresh stake of 50,109 shares in Lam Research. Because this was a brand-new buy, the fund started the period with zero shares before building the position up to the reported value of $16.46 million.

Other Institutional Activity in Lam Research

Other large financial institutions also made moves around the same reporting period. Blackrock Inc. reduced its holdings by 119,563 shares, ending with 132,727,776 shares worth about $35.03 billion. Vanguard Capital Management LLC grew its holdings by 527,515 shares, ending with 81,683,639 shares worth about $21.56 billion. State Street Corporation grew its holdings by 1,544,077 shares, ending with 60,704,130 shares worth about $16.02 billion. Invesco Ltd. grew its holdings by 1,857,036 shares, ending with 52,319,973 shares worth about $13.81 billion. JPMORGAN CHASE & CO grew its holdings by 12,604,363 shares, ending with 45,317,479 shares worth about $11.96 billion.

Lam Research Corporation Stock Down 7.7%

Lam Research shares recently traded around $264.85, down about 14.5% below their 50-day moving average and roughly 5.9% below their 200-day moving average. The stock sits about 39.6% below its 52-week high of $438.50 and well above its 52-week low of $135.50. The current share price also trades about 29.5% below the average analyst price target.

Recent Earnings

Lam Research reported trailing twelve-month revenue of $23.23 billion alongside earnings of $5.31 per share. The company posted a net margin of 31.3% and a return on equity of 65.1%, with a year-over-year revenue growth rate of 30.0%. The company's next earnings report is scheduled for October 21, 2026.

Dividend

Lam Research pays an annual dividend yield of 0.48% with a payout ratio of 18.1%.

Insider Buying and Selling at Lam Research Corporation

Company insiders were active in the market ahead of the filing. Officer Ava Harter sold 5,000 shares on August 31, 2026, at an average price of $302.46 for a total value of $1,512,300. Officer Seshasayee Varadarajan sold 59,750 shares on September 2, 2026, at an average price of $291.32 for a total value of $17,406,370. Director Bethany J Mayer sold 9,557 shares on September 9, 2026, at an average price of $314.74 for a total value of $3,007,970. Chief Executive Officer Timothy M Archer sold 30,000 shares on September 9, 2026, at an average price of $319.26 for a total value of $9,577,800.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On July 30, 2026, Morgan Stanley maintained its Overweight rating while lowering its target from $404.00 to $367.00. Mizuho maintained its Outperform rating on August 25, 2026, lowering its target from $370.00 to $365.00. UBS maintained its Buy rating on September 1, 2026, lowering its target from $435.00 to $425.00. B. Riley Securities maintained a Buy rating on October 1, 2026, raising its target from $350.00 to $390.00. Morgan Stanley returned on October 5, 2026, to maintain its Overweight rating while raising its target from $367.00 to $385.00. Overall, the stock carries a consensus Strong Buy rating from 31 analysts with a mean price target of $375.81.

About Lam Research

Lam Research Corporation is a Fremont, California-based technology company that builds specialized equipment used to manufacture integrated circuits and chips. Its hardware and services support semiconductor fabrication plants around the globe. This new position from Mirae Asset highlights continued institutional interest in the chip-equipment sector despite recent stock price volatility.

Bottom Line

Investors will likely look toward Lam Research's upcoming earnings report on October 21, 2026, for further clues on demand and profitability. Reviewing subsequent 13F filings will also show whether Mirae Asset chooses to expand or scale back its newfound stake in the months ahead. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.