New York State Common Retirement Fund Sells 74,827 Shares of Lam Research Corporation $LRCX

New York State Common Retirement Fund trimmed its stake in Lam Research Corporation (NASDAQ:LRCX) by 4.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,533,945 shares of the semiconductor company’s stock after selling 74,827 shares during the quarter. New York State Common Retirement Fund’s holdings in Lam Research were worth $205,395,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sava Infond d.o.o. lifted its holdings in shares of Lam Research by 3.1% during the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock valued at $7,325,000 after buying an additional 2,250 shares during the period. First Citizens Bank & Trust Co. lifted its holdings in Lam Research by 8.0% in the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after acquiring an additional 10,408 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in Lam Research by 30.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after acquiring an additional 34,147 shares during the period. Horizon Bancorp Inc. IN purchased a new position in Lam Research in the second quarter worth about $389,000. Finally, Truist Financial Corp grew its stake in shares of Lam Research by 119.6% during the 3rd quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock valued at $224,502,000 after purchasing an additional 913,009 shares during the period. 84.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LRCX. Citigroup reissued a “buy” rating and issued a $265.00 price objective (up previously from $190.00) on shares of Lam Research in a report on Thursday, January 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $180.00 price target on shares of Lam Research in a research note on Friday, January 9th. Royal Bank Of Canada set a $260.00 price objective on shares of Lam Research in a research report on Wednesday, January 14th. Bank of America upped their price objective on Lam Research from $195.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Lam Research in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.14.

Lam Research Trading Up 0.5%

Shares of LRCX stock opened at $239.58 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $300.92 billion, a price-to-earnings ratio of 52.77, a price-to-earnings-growth ratio of 3.01 and a beta of 1.77. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $243.99. The stock’s 50-day moving average price is $183.31 and its 200-day moving average price is $144.37.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.10. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. During the same quarter last year, the business posted $0.91 EPS. The firm’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. Equities research analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, December 3rd. Lam Research’s payout ratio is currently 22.91%.

Key Headlines Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Lam beat Q2 estimates and guided Q3 above Wall Street expectations (revenue and EPS outlook), driving the strongest near-term catalyst for the stock. Lam Research forecasts strong quarterly results on chipmaking tool demand
• Positive Sentiment: Analysts are lifting ratings and targets after the beat and guidance; Stifel raised its PT to $250 and several firms (including mentions of Goldman/Evercore) are highlighting Lam as a top semiconductor pick. Lam Research (LRCX) Poised to Benefit From Expanding Advanced Foundry and NAND Investments
• Positive Sentiment: Market coverage is decidedly bullish after the print — Barron’s calls the results “extraordinarily bullish,” citing AI-driven content gains that underpin a multi-quarter demand cycle. Lam Research Stock Jumps. Why Earnings Were ‘Extraordinarily Bullish.
• Positive Sentiment: Analyst write-ups and screens (Zacks, Benzinga) highlight LRCX as a top WFE (wafer fabrication equipment) beneficiary of structural AI and foundry/NAND capex — supportive for medium-term revenue growth expectations. Lam Research (LRCX) Q2 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Mizuho and other firms reiterated buy ratings, which supports investor confidence but is incremental given the fresh earnings/guidance beat. Mizuho Securities Remains a Buy on Lam Research (LRCX)
• Negative Sentiment: Risks: commentary and coverage note China-related demand uncertainty and Lam’s history of sharp corrections — factors that could amplify volatility despite strong fundamentals. Why Record Highs For LRCX Stock May Face A Reality Check In 2026

Insiders Place Their Bets

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the sale, the chief financial officer directly owned 987,237 shares in the company, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the completion of the transaction, the director owned 1,652 shares of the company’s stock, valued at approximately $264,303.48. This represents a 44.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 41,408 shares of company stock worth $6,248,501. 0.31% of the stock is owned by insiders.

Lam Research 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.