California Public Employees Retirement System Raises Stock Position in Lam Research Corporation $LRCX

California Public Employees Retirement System lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 50.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,870,899 shares of the semiconductor company’s stock after purchasing an additional 1,972,277 shares during the quarter. Lam Research comprises about 0.8% of California Public Employees Retirement System’s holdings, making the stock its 17th biggest holding. California Public Employees Retirement System’s holdings in Lam Research were worth $1,254,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in LRCX. Quadrant Private Wealth Management LLC grew its holdings in shares of Lam Research by 2.3% in the first quarter. Quadrant Private Wealth Management LLC now owns 3,866 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 87 shares in the last quarter. MTM Investment Management LLC lifted its holdings in Lam Research by 4.0% during the 1st quarter. MTM Investment Management LLC now owns 3,437 shares of the semiconductor company’s stock worth $734,000 after buying an additional 132 shares in the last quarter. Kesler Norman & Wride LLC lifted its holdings in Lam Research by 59.1% during the 1st quarter. Kesler Norman & Wride LLC now owns 7,710 shares of the semiconductor company’s stock worth $1,647,000 after buying an additional 2,865 shares in the last quarter. Zhang Financial LLC boosted its position in Lam Research by 7.7% in the 1st quarter. Zhang Financial LLC now owns 3,853 shares of the semiconductor company’s stock valued at $823,000 after buying an additional 274 shares during the period. Finally, Atlas Wealth LLC purchased a new position in Lam Research in the 1st quarter valued at approximately $12,808,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the business’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 in the company, valued at approximately $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the senior vice president directly owned 66,129 shares of the company’s stock, valued at $16,872,153.06. The trade was a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 104,621 shares of company stock worth $33,804,737. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LRCX shares. Rothschild & Co Redburn upped their price objective on Lam Research from $305.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. TD Cowen reiterated a “buy” rating and issued a $400.00 target price (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. The Goldman Sachs Group reissued a “buy” rating and set a $290.00 target price on shares of Lam Research in a research note on Thursday, April 23rd. Berenberg Bank increased their price target on Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 14th. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Lam Research has an average rating of “Moderate Buy” and an average target price of $358.67.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $313.30 on Friday. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $438.50. The firm has a market capitalization of $391.80 billion, a P/E ratio of 59.11, a P/E/G ratio of 1.90 and a beta of 1.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The company’s fifty day moving average price is $339.57 and its 200 day moving average price is $268.94.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data 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 during 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%. Lam Research’s revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts predict that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. Lam Research’s dividend payout ratio is 19.62%.

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.