Lam Research Corporation $LRCX Position Reduced by Polar Asset Management Partners Inc.

Key Points

• Polar Asset Management Partners cut its Lam Research position by 67.5% in the first quarter, selling 59,191 shares and retaining 28,548 shares valued at about $6.1 million. Institutional investors collectively own 84.61% of the company.
• Despite Polar’s reduction, several large institutions increased their holdings, including Price T. Rowe Associates, Franklin Resources, Corient Private Wealth and J. Stern & Co. Norges Bank also initiated a stake worth approximately $3.65 billion.
• Lam Research benefits from expectations for strong AI-chip and DRAM demand, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $360.51. However, the stock’s elevated valuation and recent insider selling remain potential concerns.

Polar Asset Management Partners Inc. trimmed its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 67.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,548 shares of the semiconductor company's stock after selling 59,191 shares during the period. Polar Asset Management Partners Inc.'s holdings in Lam Research were worth $6,100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Norges Bank bought a new stake in shares of Lam Research in the 4th quarter worth $3,645,427,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Lam Research by 352.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company's stock valued at $2,344,347,000 after buying an additional 10,666,540 shares during the period. Franklin Resources Inc. boosted its stake in Lam Research by 57.0% during the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company's stock valued at $1,730,724,000 after buying an additional 3,671,073 shares in the last quarter. Corient Private Wealth LLC boosted its stake in Lam Research by 235.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company's stock valued at $890,040,000 after buying an additional 3,649,553 shares in the last quarter. Finally, J. Stern & Co. LLP grew its holdings in Lam Research by 3,826.9% during the fourth quarter. J. Stern & Co. LLP now owns 3,459,377 shares of the semiconductor company's stock worth $592,176,000 after acquiring an additional 3,371,283 shares during the period. 84.61% of the stock is owned by institutional investors.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research is expected to benefit from strong demand for AI chips and rising DRAM spending, which could support a potential earnings beat and improve sentiment ahead of results. Article Title
• Positive Sentiment: Wall Street is closely tracking key operating metrics, not just revenue and EPS, suggesting investors are focused on whether Lam Research can show healthy underlying business momentum in the June quarter. Article Title
• Positive Sentiment: The company’s recent role as a founding partner in the AI Materials Foundry keeps Lam Research tied to the broader AI infrastructure theme, which remains a major long-term driver for semiconductor equipment names. Article Title
• Neutral Sentiment: Analysts are publishing pre-earnings previews and forecast updates for Lam Research’s upcoming report, but these articles mostly reflect expectations rather than new company-specific developments. Article Title
• Neutral Sentiment: Semiconductor stocks have outperformed in 2026, but the group is pulling back this month as investors take profits and reprice valuations after a sharp AI-driven rally. Article Title
• Negative Sentiment: Some commentary argues Lam Research could be “dead money” over the next few years, reflecting valuation and return concerns that may be weighing on the stock. Article Title

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $305.21 on Monday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 12 month low of $90.93 and a 12 month high of $438.50. The company has a market cap of $381.69 billion, a price-to-earnings ratio of 57.59, a P/E/G ratio of 1.81 and a beta of 1.80. The business has a fifty day simple moving average of $341.74 and a 200-day simple moving average of $274.37.

Lam Research Announces Dividend

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

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the firm's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares in the company, valued at $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $6,124,470.00. Following the completion of 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 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 ninety days, insiders sold 98,611 shares of company stock valued at $32,250,190. 0.31% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Lam Research from $285.00 to $315.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Bank of America raised their price objective on shares of Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Weiss Ratings raised shares of Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday. Wells Fargo & Company reiterated an "overweight" rating and issued a $450.00 target price (up from $365.00) on shares of Lam Research in a report on Monday, June 22nd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $360.51.

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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