VIRGINIA RETIREMENT SYSTEMS ET Al Sells 16,370 Shares of Lam Research Corporation $LRCX

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 581,805 shares of the semiconductor company’s stock after selling 16,370 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lam Research were worth $99,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of LRCX. Generali Investments Management Co LLC increased its position in Lam Research by 62.0% during the fourth quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock worth $6,209,000 after buying an additional 13,878 shares during the last quarter. Lingohr Asset Management GmbH raised its position in Lam Research by 590.7% during the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock valued at $7,974,000 after purchasing an additional 50,933 shares in the last quarter. Mediolanum International Funds Ltd raised its position in Lam Research by 52.0% during the third quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock valued at $34,417,000 after purchasing an additional 89,856 shares in the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of Lam Research by 8.0% during the third quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after buying an additional 10,408 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in shares of Lam Research by 115.2% during the third quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock worth $2,972,000 after buying an additional 11,883 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

Lam Research stock opened at $289.24 on Wednesday. Lam Research Corporation has a twelve month low of $79.49 and a twelve month high of $300.00. The company has a market capitalization of $361.72 billion, a PE ratio of 54.57, a P/E/G ratio of 2.45 and a beta of 1.81. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $242.07 and a two-hundred day simple moving average of $208.13.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research’s quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts expect that Lam Research Corporation will post 5.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LRCX shares. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of Lam Research in a research note on Thursday, April 23rd. Oppenheimer restated an “outperform” rating and set a $330.00 price target on shares of Lam Research in a research note on Thursday, April 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $320.00 price target on shares of Lam Research in a research note on Thursday, April 23rd. Finally, Bank of America raised their price target on shares of Lam Research from $285.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and an average target price of $291.75.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: B. Riley raised its price target on Lam Research to $375 from $350 and reiterated a Buy rating, signaling further upside as analysts see strong execution and demand momentum.
• Positive Sentiment: Seaport Research initiated coverage with a Buy rating and a $300 target, citing Lam Research’s favorable positioning as wafer fabrication investment strengthens.
• Positive Sentiment: Multiple articles highlighted Lam Research’s gross margin nearing 50%, with guidance implying about 50.5%, suggesting strong pricing power and efficient operations amid AI-related demand.
• Positive Sentiment: Coverage around the memory-chip shortage noted that tighter supply is pushing customers to invest more in equipment and infrastructure, which could support orders for Lam Research tools.
• Positive Sentiment: Recent commentary also pointed to rising AI infrastructure spending, advanced packaging demand, and foundry expansion as broader tailwinds for semiconductor equipment names like LRCX.
• Neutral Sentiment: Lam Research has also been featured in several valuation and “top stock” pieces, reinforcing positive sentiment but not adding new company-specific fundamentals.

Insiders Place Their Bets

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares in the company, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 120,066 shares of company stock worth $27,953,242. Company insiders own 0.31% of the company’s stock.

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.