California State Teachers Retirement System Grows Holdings in Lam Research Corporation $LRCX

Key Points

• CalSTRS dramatically increased its Lam Research position in the second quarter, adding roughly 819.5 million shares to reach 821.5 million shares, according to the SEC disclosure. Institutional investors collectively own 84.61% of LRCX.
• Lam Research reported strong quarterly results, with revenue rising 30% year over year to $6.72 billion and EPS of $1.82 exceeding estimates. Management also raised its quarterly dividend by approximately 27% to $0.33 per share.
• Analysts maintain a generally favorable outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $358.97. However, insiders have recently reported stock sales, and the shares trade at a relatively elevated P/E ratio of 53.41.

California State Teachers Retirement System grew its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 42,619.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 821,470,614 shares of the semiconductor company's stock after acquiring an additional 819,547,672 shares during the period. Lam Research comprises approximately 1.0% of California State Teachers Retirement System's investment portfolio, making the stock its 21st biggest position. California State Teachers Retirement System owned approximately 65.65% of Lam Research worth $355,967,861,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Bayban purchased a new position in Lam Research during the fourth quarter worth approximately $26,000. Vermillion Wealth Management Inc. purchased a new stake in shares of Lam Research in the first quarter valued at approximately $26,000. Cedar Mountain Advisors LLC increased its position in shares of Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after buying an additional 85 shares in the last quarter. Paladin Partners LLC purchased a new stake in shares of Lam Research in the second quarter valued at approximately $26,000. Finally, Triumph Capital Management acquired a new position in shares of Lam Research during the 3rd quarter worth approximately $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares of the company's stock, valued at $12,843,056.52. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Talwalkar sold 18,282 shares of the business's 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 owned 87,142 shares in the company, valued at approximately $29,192,570. This represents a 17.34% 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. In the last quarter, insiders sold 77,782 shares of company stock valued at $26,755,370. Corporate insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Oppenheimer reiterated an "outperform" rating and set a $400.00 target price (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. UBS Group reduced their price objective on shares of Lam Research from $435.00 to $425.00 and set a "buy" rating for the company in a research report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $320.00 price objective on shares of Lam Research in a report on Thursday, July 30th. Wall Street Zen lowered shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Finally, Citigroup reissued a "buy" rating and set a $450.00 target price (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $358.97.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research’s record June-quarter results and outlook remain key catalysts. Revenue reached $6.72 billion, up 30% year over year, while adjusted earnings exceeded analysts’ expectations. Management guided for approximately $8.10 billion in September-quarter revenue, reinforcing confidence in continued AI- and advanced-chip-related demand. Lam Research gains as investors build on strong guidance and recent shareholder-friendly updates
• Positive Sentiment: The company broke ground on a new Oregon research laboratory and plans to invest more than $3 billion in its global lab network over five years. The investment is intended to support semiconductor research tied to artificial intelligence and next-generation chip production. Lam Research Oregon laboratory announcement
• Positive Sentiment: Lam Research raised its quarterly dividend by approximately 27% to $0.33 per share, improving the stock’s shareholder-return profile after its record quarter. Lam Research dividend increase
• Positive Sentiment: Options activity and bullish institutional positioning may be adding to momentum. More than 1,600 institutions reportedly increased their holdings in the latest quarter, while recent analyst targets—including several between $400 and $500—remain above the current trading range. Lam Research options market article
• Neutral Sentiment: The dividend increase has attracted attention as investors seek income and quality amid geopolitical and inflation concerns, although broader market volatility could continue to affect semiconductor stocks. Stocks with dividend hikes article
• Negative Sentiment: Insiders have reported only sales—not purchases—in the past six months, including transactions by CEO Timothy Archer and other executives. That activity may raise concerns about valuation or profit-taking.
• Negative Sentiment: After substantial long-term gains, some commentary argues that LRCX is fully valued, with elevated valuation metrics leaving less room for disappointment-free execution. UBS also recently lowered its price target to $425, despite remaining above the current share price. UBS lowers Lam Research price target

Lam Research Stock Performance

Shares of LRCX stock opened at $307.65 on Monday. Lam Research Corporation has a fifty-two week low of $100.68 and a fifty-two week high of $438.50. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The stock's fifty day moving average is $321.34 and its two-hundred day moving average is $291.79. The firm has a market capitalization of $384.97 billion, a P/E ratio of 53.41, a PEG ratio of 1.22 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Research analysts expect that Lam Research Corporation will post 9.33 earnings per share for the current fiscal year.

Lam Research Increases Dividend

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

Lam Research Company 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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