SEC Form SC 13G/A filed

2/8/21 10:27:26 AM ET

Industrial Machinery/Components

Technology

Get the next $LRCX alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No. 1 LAM RESEARCH CORP COMMON STOCK Cusip #512807108 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #512807108 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 1,046,371 Item 6: 0 Item 7: 8,898,166 Item 8: 0 Item 9: 8,898,166 Item 11: 6.178% Item 12: HC Cusip #512807108 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 8,898,166 Item 8: 0 Item 9: 8,898,166 Item 11: 6.178% Item 12: IN Item 1(a). Name of Issuer: LAM RESEARCH CORP Item 1(b). Address of Issuer's Principal Executive Offices: 4650 Cushing Blvd Fremont, CA 94538 US Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 512807108 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 8,898,166 (b) Percent of Class: 6.178% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,046,371 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 8,898,166 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. Not applicable. Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of LAM RESEARCH CORP. No one other person's interest in the COMMON STOCK of LAM RESEARCH CORP is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 5, 2021 Date /s/ Kevin M. Meagher Signature Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification Crosby Advisors LLC N/A FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research (Hong Kong) Limited IA Fidelity Management & Research Company LLC * IA Strategic Advisers LLC IA * Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. Neither FMR LLC nor Abigail P. Johnson has the sole power to vote or direct the voting of the shares owned directly by the various investment companies registered under the Investment Company Act ("Fidelity Funds") advised by Fidelity Management & Research Company LLC ("FMR Co. LLC"), a wholly owned subsidiary of FMR LLC, which power resides with the Fidelity Funds' Boards of Trustees. FMR Co. LLC carries out the voting of the shares under written guidelines established by the Fidelity Funds' Boards of Trustees. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 5, 2021, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of LAM RESEARCH CORP at December 31, 2020. FMR LLC By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 30, 2018, by and on behalf of Abigail P. Johnson* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414.

Get the next $LRCX alert in real time by email

Recent Analyst Ratings for

$LRCX

Date	Price Target	Rating	Analyst
5/18/2026	$331.00	Equal-Weight → Overweight	Morgan Stanley
5/5/2026	$300.00	Buy	Seaport Research Partners
4/3/2026		Buy → Hold	Erste Group
4/2/2026		Buy → Hold	Erste Group
1/29/2026		Hold → Buy	Summit Insights
1/29/2026	$170.00 → $290.00	Buy	TD Cowen
1/15/2026	$260.00	Outperform	RBC Capital Mkts
1/15/2026	$250.00	Equal Weight → Overweight	Wells Fargo

More analyst ratings

SEC Form SC 13G/A filed

2/8/21 10:27:26 AM ET

$LRCX

Industrial Machinery/Components

Technology

Get the next $LRCX alert in real time by email

Recent Analyst Ratings for

$LRCX

Date	Price Target	Rating	Analyst
5/18/2026	$331.00	Equal-Weight → Overweight	Morgan Stanley
5/5/2026	$300.00	Buy	Seaport Research Partners
4/3/2026		Buy → Hold	Erste Group
4/2/2026		Buy → Hold	Erste Group
1/29/2026		Hold → Buy	Summit Insights
1/29/2026	$170.00 → $290.00	Buy	TD Cowen
1/15/2026	$260.00	Outperform	RBC Capital Mkts
1/15/2026	$250.00	Equal Weight → Overweight	Wells Fargo

More analyst ratings

SEC Form SC 13G/A filed

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$LRCX

SEC Form SC 13G/A filed

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$LRCX

$LRCX
Insider Trading

Senior Vice President Fernandes Neil J sold $2,371,226 worth of shares (7,659 units at $309.60) as part of a pre-agreed trading plan, decreasing direct ownership by 12% to 58,470 units (SEC Form 4)

Senior Vice President Fernandes Neil J sold $4,635,894 worth of shares (18,170 units at $255.14) as part of a pre-agreed trading plan, decreasing direct ownership by 22% to 66,129 units (SEC Form 4)

Chief Legal Officer Harter Ava sold $1,554,547 worth of shares (6,010 units at $258.66) and exercised 6,010 shares at a strike of $77.04 (SEC Form 4)

$LRCX
Insider Purchases

Chief Legal Officer Harter Ava bought $602 worth of shares (9 units at $63.66) and covered exercise/tax liability with 5,270 shares, decreasing direct ownership by 8% to 59,786 units (SEC Form 4)

$LRCX
Press Releases

Lam Research Corporation Declares Quarterly Dividend

Lam Research Corporation Announces Participation at Upcoming Conferences

Lam Research Corporation Reports Financial Results for the Quarter Ended March 29, 2026

$LRCX
Analyst Ratings

Lam Research upgraded by Morgan Stanley with a new price target

Seaport Research Partners initiated coverage on Lam Research with a new price target

Lam Research downgraded by Erste Group

$LRCX
SEC Filings

SEC Form SD filed by Lam Research Corporation

SEC Form 144 filed by Lam Research Corporation

SEC Form 10-Q filed by Lam Research Corporation

$LRCX
Leadership Updates

Vertiv Holdings, Lumentum Holdings, Coherent, and EchoStar Set to Join S&P 500; Others to Join S&P 100, S&P MidCap 400, and S&P SmallCap 600

Lam Research Appoints Cadence CEO Anirudh Devgan to Board of Directors

Lam Research Appoints Ita Brennan and Mark Fields to Board of Directors

$LRCX
Financials

Lam Research Corporation Declares Quarterly Dividend

Lam Research Corporation Reports Financial Results for the Quarter Ended March 29, 2026

Lam Research Corporation Announces March Quarter Financial Conference Call

$LRCX
Large Ownership Changes