VIRGINIA RETIREMENT SYSTEMS ET Al Has $80.10 Million Holdings in Lam Research Corporation $LRCX

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 1.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 598,175 shares of the semiconductor company’s stock after selling 8,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lam Research were worth $80,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LRCX. IMG Wealth Management Inc. acquired a new position in shares of Lam Research during the 2nd quarter valued at about $26,000. Howard Hughes Medical Institute bought a new stake in Lam Research during the second quarter worth approximately $27,000. Strategic Wealth Investment Group LLC bought a new stake in Lam Research during the second quarter worth approximately $29,000. Delos Wealth Advisors LLC acquired a new position in Lam Research during the second quarter valued at approximately $30,000. Finally, REAP Financial Group LLC bought a new position in shares of Lam Research in the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In related news, insider Ava Harter sold 9,010 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the completion of the transaction, the insider directly owned 56,786 shares of the company’s stock, valued at $8,942,091.42. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 40,080 shares of Lam Research 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 sale, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. This represents a 3.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 102,608 shares of company stock valued at $14,916,496. Company insiders own 0.31% of the company’s stock.

Lam Research Stock Down 1.2%

Shares of LRCX opened at $173.78 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The company has a 50-day simple moving average of $159.60 and a 200-day simple moving average of $127.64. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $179.80. The firm has a market capitalization of $218.27 billion, a P/E ratio of 38.28, a P/E/G ratio of 2.03 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company’s quarterly revenue was up 27.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research’s payout ratio is currently 22.91%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LRCX. Morgan Stanley upped their price objective on shares of Lam Research from $137.00 to $158.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 2nd. Wells Fargo & Company upped their price target on shares of Lam Research from $135.00 to $145.00 and gave the company an “equal weight” rating in a report on Thursday, October 23rd. Mizuho raised their price target on Lam Research from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Citigroup boosted their price objective on Lam Research from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Needham & Company LLC increased their target price on Lam Research from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Twenty-six investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.21.

Lam Research Company 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.