Lam Research Corporation $LRCX Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,072,151 shares of the semiconductor company’s stock after selling 2,291 shares during the period. New York State Teachers Retirement System’s holdings in Lam Research were worth $229,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new stake in Lam Research in the first quarter worth $26,489,000. Elemental Capital Partners LLC boosted its holdings in shares of Lam Research by 12.1% during the first quarter. Elemental Capital Partners LLC now owns 57,485 shares of the semiconductor company’s stock valued at $12,282,000 after acquiring an additional 6,183 shares during the period. Leonteq Securities AG grew its position in shares of Lam Research by 9,131.2% during the first quarter. Leonteq Securities AG now owns 8,585 shares of the semiconductor company’s stock worth $1,834,000 after acquiring an additional 8,492 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in shares of Lam Research by 62.9% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 583,010 shares of the semiconductor company’s stock worth $124,566,000 after acquiring an additional 225,050 shares during the last quarter. Finally, New World Advisors LLC acquired a new stake in shares of Lam Research in the 1st quarter worth about $262,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Wall Street commentary highlighted Lam Research’s strong positioning for AI-driven demand, including rising orders for advanced memory, foundry, and packaging tools that could support further revenue and margin expansion.
• Positive Sentiment: Several articles pointed to Lam Research’s impressive growth profile, earnings-surprise history, and analyst optimism, suggesting the company could continue to outperform if chip-capex demand stays strong.
• Positive Sentiment: Reports also noted that Lam Research’s stock has surged sharply this year, reflecting investor confidence in its role in the AI infrastructure buildout and improved profitability.
• Neutral Sentiment: Some pieces framed the stock as a potential long-term winner, even discussing whether Lam Research could eventually become a trillion-dollar company, but these were mostly long-horizon thesis articles rather than near-term catalysts.
• Negative Sentiment: Other coverage warned that after the stock’s massive run, Lam Research may be approaching full valuation, with fresh AI demand already priced in and the rally vulnerable to profit-taking.
• Negative Sentiment: One market recap noted the shares fell sharply in the prior session, with semiconductor stocks seeing profit-taking even as broader markets were mixed, underscoring investor caution around the sector’s recent strength.

Insider Buying and Selling

In related news, Director Eric Brandt sold 54,500 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. The trade was a 21.48% decrease in their ownership of the stock. The sale was disclosed in a document filed 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, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 86,339 shares of company stock valued at $27,680,267 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on LRCX shares. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Mizuho set a $380.00 price target on shares of Lam Research and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Berenberg Bank lifted their price target on Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. The Goldman Sachs Group reiterated a “buy” rating and set a $290.00 price objective on shares of Lam Research in a research report on Thursday, April 23rd. Finally, Oppenheimer reissued an “outperform” rating and issued a $400.00 price objective (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. Twenty-eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $345.39.

Lam Research Stock Performance

LRCX stock opened at $351.41 on Friday. The company has a 50-day simple moving average of $324.63 and a 200 day simple moving average of $256.70. The company has a market capitalization of $439.46 billion, a P/E ratio of 66.30, a PEG ratio of 2.34 and a beta of 1.80. 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 Corporation has a fifty-two week low of $90.93 and a fifty-two week high of $438.50.

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

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is currently 19.62%.

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.