Lam Research Corporation $LRCX Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 371,600 shares of the semiconductor company’s stock after selling 5,500 shares during the quarter. State of Michigan Retirement System’s holdings in Lam Research were worth $49,757,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LRCX. Bond & Devick Financial Network Inc. purchased a new stake in Lam Research during the 3rd quarter worth about $269,000. Waterloo Capital L.P. raised its position in shares of Lam Research by 33.4% during the 3rd quarter. Waterloo Capital L.P. now owns 5,230 shares of the semiconductor company’s stock worth $700,000 after acquiring an additional 1,308 shares in the last quarter. RMR Wealth Builders lifted its stake in Lam Research by 12.0% during the third quarter. RMR Wealth Builders now owns 4,120 shares of the semiconductor company’s stock worth $552,000 after purchasing an additional 440 shares during the last quarter. Hobbs Wealth Management LLC acquired a new position in Lam Research in the third quarter valued at approximately $244,000. Finally, Portside Wealth Group LLC increased its stake in Lam Research by 13.9% in the third quarter. Portside Wealth Group LLC now owns 5,080 shares of the semiconductor company’s stock valued at $680,000 after purchasing an additional 621 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ:LRCX opened at $231.01 on Friday. The firm has a market cap of $288.48 billion, a price-to-earnings ratio of 47.34, a price-to-earnings-growth ratio of 2.31 and a beta of 1.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $251.87. The firm’s fifty day moving average price is $194.38 and its 200 day moving average price is $150.30.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company 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 earned $0.91 EPS. The business’s revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, sell-side analysts expect that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Insider Buying and Selling at Lam Research

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares of the company’s stock, valued at $148,677,892.20. This represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by company insiders.

Key Lam Research News

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

• Positive Sentiment: Lam announced a strategic alliance with CEA‑Leti and an internal leadership shift aimed at accelerating AI‑equipment development — investors see this as direct exposure to faster AI capex cycles. Lam Research Targets AI Growth With CEA Leti Deal And Leadership Shift
• Positive Sentiment: Celebrity investor/TV host Jim Cramer publicly endorsed adding LRCX to portfolios, raising retail/institutional interest and trading flows. Lam Research (LRCX) Is the Future, Says Jim Cramer
• Positive Sentiment: Argus and other analysts lifted price targets (Argus to $280) and the sell‑side average implies roughly 30% upside — upgrades and higher targets support buying interest. Argus Increases Lam Research Price Target to $280.00
• Positive Sentiment: Lam declared a $0.26 quarterly dividend (0.5% yield) — modest cash return but signals board confidence in cash flow and capital allocation. Lam Research Corporation Declares Quarterly Dividend
• Neutral Sentiment: Zacks and other screens highlight LRCX as a momentum pick amid recent market weakness — this flags participation from quant/momentum funds but also exposes the stock to volatility in a tech selloff. 3 Momentum Anomaly Stocks to Buy as Tech Rout Spooks Markets
• Neutral Sentiment: Company announced a board addition and COO transition — governance/leadership updates that deserve monitoring but aren’t an immediate revenue driver. Lam Research Announces Board Addition and COO Transition
• Negative Sentiment: Shares had a sharp pullback earlier in the week (noted as “down 10% in two days”), reflecting broader tech/crypto volatility — that recent selling created a short-term risk that some traders are buying into. Down 10 In Two Days, Is Lam Research A Good Buy?

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Needham & Company LLC upped their target price on shares of Lam Research from $250.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Weiss Ratings restated a “buy (b)” rating on shares of Lam Research in a research note on Monday, December 29th. TD Cowen raised their price objective on Lam Research from $170.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Argus boosted their target price on Lam Research from $175.00 to $280.00 in a report on Tuesday. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $290.00 target price (up from $260.00) on shares of Lam Research in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $243.32.

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.