Lam Research Corporation $LRCX Stock: Illinois Municipal Retirement Fund Increases Stake

Illinois Municipal Retirement Fund lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 127,762 shares of the semiconductor company’s stock after purchasing an additional 2,691 shares during the period. Illinois Municipal Retirement Fund’s holdings in Lam Research were worth $41,971,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in Lam Research by 2.6% in the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after buying an additional 1,545,830 shares in the last quarter. Bank of America Corp DE raised its holdings in Lam Research by 5.5% during the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after acquiring an additional 584,489 shares during the period. Van ECK Associates Corp lifted its position in shares of Lam Research by 411.8% in the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock valued at $4,805,368,000 after acquiring an additional 8,922,854 shares in the last quarter. Amundi lifted its position in shares of Lam Research by 23.7% in the first quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock valued at $2,168,107,000 after acquiring an additional 1,942,862 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in shares of Lam Research by 2.0% in the first quarter. Janus Henderson Group PLC now owns 9,265,026 shares of the semiconductor company’s stock valued at $1,975,244,000 after acquiring an additional 181,087 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on LRCX shares. Berenberg Bank set a $420.00 price objective on Lam Research in a research note on Wednesday, September 9th. Mizuho decreased their target price on Lam Research from $365.00 to $360.00 and set an “outperform” rating on the stock in a research note on Thursday, October 22nd. HSBC reissued a “hold” rating and set a $333.00 target price on shares of Lam Research in a research note on Monday, July 27th. Bank of America reissued a “buy” rating and issued a $345.00 price target on shares of Lam Research in a report on Thursday, October 22nd. Finally, Fundamental Research set a $390.00 price target on Lam Research in a research note on Thursday, October 1st. Twenty-six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $357.57.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the sale, the director directly owned 20,995 shares in the company, valued at $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 14,573 shares of company stock valued at $4,523,606. Company insiders own 0.31% of the company’s stock.

More Lam Research News

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

• Positive Sentiment: Lam’s gross margin reached a record 52.4% in Q1 2027, supported by strong demand and a favorable product mix. This points to strong profitability, though supply constraints could limit further improvement. Lam Research’s Gross Margin Hits 52.4%: Can it Climb Further?
• Positive Sentiment: Recent coverage cited a $25 billion buyback plan, along with AI-related demand and strong earnings, as support for investor interest in the shares. LRCX Gains 8% on a $25B Buyback Plan
• Positive Sentiment: Analyst coverage remains bullish on Lam, while broader investment in high-bandwidth memory capacity could create additional demand for semiconductor manufacturing equipment. Analysts Are Bullish on Top Technology Stocks The Next AI Chip Shortage May Be the Machines That Make HBM
• Neutral Sentiment: Lam appointed longtime employee Kim Tae-won to lead its Korean operations, a region important to the company’s relationships with major chipmakers. The announcement may support execution but provides no immediate financial forecast. Lam Research Names Kim Tae Won To Lead Korea Operations
• Negative Sentiment: ETFs were net sellers of $143.1 million of LRCX shares on Nov. 6, indicating some institutional selling pressure. ETFs Are Net Sellers of Lam Research

Lam Research Stock Performance

LRCX opened at $222.39 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 2.48. The stock has a market capitalization of $277.80 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 0.82 and a beta of 1.97. The company has a fifty day moving average of $281.18 and a 200 day moving average of $283.65. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.18 by $0.02. The business had revenue of $8.22 billion for the quarter, compared to analysts’ expectations of $8.14 billion. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The business’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. As a group, sell-side analysts forecast that Lam Research Corporation will post 9.60 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.33 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research’s dividend payout ratio (DPR) is presently 19.67%.

Lam Research announced that its board has initiated a share buyback program on Thursday, November 5th that permits the company to buy back $25 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 9% of its stock through open market purchases. Share repurchase programs are usually an indication that the company’s management believes its shares are undervalued.

Lam Research Profile

Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits. The company’s wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations. Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.