Illinois Municipal Retirement Fund Sells 2,342 Shares of Lam Research Corporation $LRCX

Illinois Municipal Retirement Fund trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 134,889 shares of the semiconductor company’s stock after selling 2,342 shares during the period. Illinois Municipal Retirement Fund’s holdings in Lam Research were worth $28,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Cedar Mountain Advisors LLC lifted its holdings in shares of Lam Research by 242.9% during the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares in the last quarter. Vermillion Wealth Management Inc. bought a new stake in Lam Research during the 1st quarter worth approximately $26,000. PMV Capital Advisers LLC bought a new stake in Lam Research during the 4th quarter worth approximately $25,000. Bayban acquired a new stake in Lam Research during the 4th quarter worth approximately $26,000. Finally, Mcguire Capital Advisors Inc. acquired a new stake in Lam Research during the 4th quarter worth approximately $27,000. 84.61% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Lam Research

In other news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 104,621 shares of company stock valued at $33,804,737. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of research reports. Barclays reaffirmed an “overweight” rating and issued a $335.00 price target (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Seaport Research Partners assumed coverage on shares of Lam Research in a report on Monday, May 4th. They set a “buy” rating and a $300.00 price objective on the stock. Jefferies Financial Group raised their price objective on shares of Lam Research from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. TD Cowen reaffirmed a “buy” rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a research report on Thursday, July 9th. Finally, Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. Twenty-eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $358.67.

Lam Research Trading Down 3.1%

NASDAQ:LRCX opened at $335.43 on Thursday. The company has a market cap of $419.48 billion, a P/E ratio of 63.29, a price-to-earnings-growth ratio of 2.05 and a beta of 1.80. Lam Research Corporation has a twelve month low of $90.93 and a twelve month high of $438.50. The business has a 50 day moving average price of $338.50 and a two-hundred day moving average price of $267.63. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The firm’s revenue was up 23.8% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts expect that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.3%. The ex-dividend date was Wednesday, June 17th. Lam Research’s payout ratio is presently 19.62%.

Lam Research News Roundup

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

• Positive Sentiment: TD Cowen raised its price target on Lam Research and reiterated a Buy rating, reinforcing the view that the company remains well positioned in the semiconductor equipment cycle. TD Cowen Raises PT on Lam Research (LRCX), Keeps a Buy
• Positive Sentiment: Morgan Stanley listed Lam Research among its top stock picks, citing expectations for strong earnings and continued strength in chip-equipment spending. Buy GE Vernova, Lam Research, United Airlines stocks: Morgan Stanley
• Positive Sentiment: Mizuho lifted its price target on LRCX to $400 from $380 and kept an Outperform rating, saying AI demand should support wafer fab equipment spending for years. Mizuho Raises its Price Target on Lam Research Corporation (LRCX)
• Positive Sentiment: Market commentary continues to point to improving sentiment across semiconductor-equipment names ahead of Lam Research’s late-July earnings report, which is helping buyers step in. Lam Research Rises as Chip-Equipment Sentiment Improves Ahead of Earnings
• Neutral Sentiment: Media coverage from Jim Cramer and others has kept Lam Research in focus, but these stories largely echo the same bullish AI narrative rather than adding new fundamental news. Jim Cramer Shares Why am Research Corporation (LRCX) is on Fire
• Negative Sentiment: One recent headwind is a director sale of 18,282 shares, which can modestly weigh on sentiment even though the transaction was made under a pre-arranged 10b5-1 plan. Lam Research director stock sale
• Negative Sentiment: There is still some near-term caution around semiconductor volatility and cooling AI memory enthusiasm, which could limit upside if capital spending softens. Lam Research (LRCX) Stock Slides As AI Memory Boom Loses Steam

About Lam Research

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.