Lam Research Corporation $LRCX Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 547,910 shares of the semiconductor company’s stock after selling 37,215 shares during the quarter. Lam Research makes up 0.7% of Public Employees Retirement System of Ohio’s investment portfolio, making the stock its 20th biggest holding. Public Employees Retirement System of Ohio’s holdings in Lam Research were worth $237,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in Lam Research by 1,032.4% in the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 12,936 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of Lam Research in the 1st quarter valued at approximately $239,000. Gabelli Funds LLC purchased a new stake in shares of Lam Research in the 2nd quarter valued at approximately $253,000. NewEdge Advisors LLC raised its holdings in shares of Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after purchasing an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. raised its holdings in shares of Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 781 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research raised its quarterly dividend by 27%, from $0.26 to $0.33 per share. The payment is scheduled for October 14, 2026, to shareholders of record on September 23. The increase signals confidence in cash generation and enhances shareholder returns, although future payments remain subject to board approval. Lam Research Corporation Announces a 27% Increase in Quarterly Dividend
• Positive Sentiment: The company broke ground on a 120,000-square-foot Oregon research laboratory as part of a more than $3 billion, five-year expansion of its global lab network. The investment is intended to accelerate equipment and process innovations for advanced AI chips and deepen collaboration with major customers, supporting Lam’s long-term AI-driven growth outlook. Lam Research Breaks Ground on New Oregon Lab
• Positive Sentiment: Recent operating momentum remains supportive: Lam’s latest reported quarter exceeded earnings and revenue expectations, with revenue up 30% year over year. Its exposure to AI-related chip manufacturing, recurring services revenue and strong balance sheet were also cited as reasons it may be preferable to some other chip stocks. Lam Research vs. Microchip
• Neutral Sentiment: Directors Michael R. Cannon and Sohail U. Ahmed are retiring from Lam Research’s board. The planned governance transition does not appear to change the company’s near-term business outlook, but investors may monitor board succession and strategic continuity. Lam Research Announces Director Retirements
• Neutral Sentiment: Chief Financial Officer Doug Bettinger is scheduled to participate in upcoming investor conferences, potentially providing additional commentary on semiconductor demand, AI spending and company guidance. Lam Research Announces Participation at Upcoming Conferences
• Negative Sentiment: Mizuho lowered its price target for Lam Research to $365, a potentially cautionary signal regarding valuation or near-term semiconductor-equipment conditions. The revised target remains above the price level described in the market background, limiting the severity of the negative read-through. Mizuho Lowers Lam Research Price Target

Insider Buying and Selling

In related news, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of Lam Research stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $335.00, for a total value of $6,124,470.00. Following the transaction, the director directly owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 80,441 shares of company stock worth $27,614,296 in the last quarter. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

LRCX has been the subject of a number of analyst reports. Barclays reiterated an “overweight” rating and set a $335.00 target price (up from $275.00) on shares of Lam Research in a research note on Thursday, June 11th. Bank of America lifted their price target on Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Oppenheimer reaffirmed an “outperform” rating and set a $400.00 price objective (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. TD Cowen reiterated a “buy” rating and issued a $400.00 price objective (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. Finally, HSBC reissued a “hold” rating and set a $333.00 target price on shares of Lam Research in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $357.31.

Lam Research Price Performance

Shares of LRCX opened at $318.58 on Friday. Lam Research Corporation has a 1-year low of $94.11 and a 1-year high of $438.50. The stock has a market cap of $398.65 billion, a PE ratio of 55.31, a price-to-earnings-growth ratio of 1.24 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The firm has a fifty day moving average price of $332.17 and a 200 day moving average price of $289.05.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the company posted $1.33 earnings per share. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a $0.33 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research’s payout ratio is currently 18.06%.

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.