Arizona State Retirement System Has $61.21 Million Stock Holdings in Lam Research Corporation $LRCX

Arizona State Retirement System trimmed its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 357,563 shares of the semiconductor company's stock after selling 15,984 shares during the quarter. Arizona State Retirement System's holdings in Lam Research were worth $61,208,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. PMV Capital Advisers LLC bought a new position in shares of Lam Research during the fourth quarter valued at about $25,000. Stance Capital LLC bought a new position in shares of Lam Research in the third quarter valued at approximately $26,000. Triumph Capital Management bought a new position in shares of Lam Research in the third quarter valued at approximately $27,000. Strategic Wealth Investment Group LLC bought a new position in shares of Lam Research in the second quarter valued at approximately $29,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Lam Research in the third quarter valued at approximately $40,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 1,500 shares of Lam Research stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total transaction of $333,990.00. Following the completion of the sale, the insider owned 53,205 shares of the company's stock, valued at approximately $11,846,625.30. This trade represents a 2.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director directly owned 253,705 shares of the company's stock, valued at $57,235,848. This represents a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 130,886 shares of company stock valued at $29,658,802. Company insiders own 0.31% of the company's stock.

Lam Research Stock Down 2.6%

Shares of NASDAQ LRCX opened at $258.56 on Friday. Lam Research Corporation has a 52 week low of $67.55 and a 52 week high of $273.50. The business has a 50-day simple moving average of $234.34 and a two-hundred day simple moving average of $197.02. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The company has a market cap of $322.88 billion, a P/E ratio of 48.78, a P/E/G ratio of 2.83 and a beta of 1.78.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 67.07% and a net margin of 30.94%.The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the company earned $1.04 EPS. The firm's revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Research analysts anticipate that Lam Research Corporation will post 5.29 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research's dividend payout ratio (DPR) is currently 21.31%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LRCX. Wells Fargo & Company increased their target price on shares of Lam Research from $290.00 to $320.00 and gave the company an "overweight" rating in a research report on Thursday. Evercore increased their target price on shares of Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday. Cantor Fitzgerald reissued an "overweight" rating and set a $320.00 target price on shares of Lam Research in a research report on Thursday. BNP Paribas Exane increased their target price on shares of Lam Research from $250.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, B. Riley Financial reissued a "buy" rating on shares of Lam Research in a research report on Monday. Twenty-six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and an average price target of $281.78.

More Lam Research News

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

• Positive Sentiment: Q3 beat and upbeat guidance — Lam reported $1.47 EPS and $5.84B revenue (both above expectations) and issued FYQ4 EPS guidance of $1.50–1.80 and revenue guidance above consensus, underpinning the bullish case on AI-driven equipment demand. Press Release
• Positive Sentiment: Wall Street raises targets — Dozens of firms raised price targets and kept buy/overweight ratings (e.g., JPMorgan, BofA, Bernstein, TD Cowen, Susquehanna), signaling renewed analyst conviction in a multi-year wafer‑fab equipment cycle. JPMorgan Target Coverage
• Positive Sentiment: AI / memory tailwinds — Coverage and commentary highlight AI-driven demand (incl. record support sales and memory/DRAM tightness) as a structural revenue and margin driver for Lam’s tools. Deep Dive
• Neutral Sentiment: Analyst detail & metrics — Earnings coverage (Zacks, Seeking Alpha transcripts, slide deck) gives deeper look at backlog, margins and inventory improvements; useful for modeling but not immediately directional. Zacks Analysis
• Neutral Sentiment: Industry supply commentary — Analysts and industry voices (SemiAnalysis) argue DRAM and AI demand could outpace capacity, which supports long‑term demand but also increases cyclicality and capex timing uncertainty. DRAM Demand Article
• Negative Sentiment: Valuation concerns / profit‑taking — Several pieces question whether the run (roughly +300% Y/Y) has priced in too much; some investors are trimming positions given rich multiples and rapid price appreciation. Is It Too Late?
• Negative Sentiment: Analyst caution on price vs. fundamentals — Commentary like Seeking Alpha’s note flags the AI upcycle but argues the stock may be expensive relative to expected returns, a reason for near‑term downside pressure. SA Valuation Piece

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.

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