Lam Research Corporation $LRCX Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Key Points

• Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its Lam Research position by 5%, selling 14,675 shares and retaining 276,217 shares valued at approximately $119.7 million. Institutional investors and hedge funds own 84.61% of LRCX.
• Lam Research beat quarterly estimates with $1.82 in EPS on $6.72 billion in revenue, while revenue increased 30% year over year. The company also issued first-quarter 2027 EPS guidance of $2.00–$2.30 and pays a $0.26 quarterly dividend.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $358.47, although insider selling, elevated valuation, and potential semiconductor-cycle risks remain concerns.

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 276,217 shares of the semiconductor company's stock after selling 14,675 shares during the period. Lam Research makes up about 0.6% of Commonwealth of Pennsylvania Public School Empls Retrmt SYS's investment portfolio, making the stock its 29th largest position. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Lam Research were worth $119,693,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LRCX. Fideuram Asset Management Ireland dac acquired a new position in shares of Lam Research in the fourth quarter worth about $10,035,000. Generali Investments Management Co LLC grew its stake in Lam Research by 62.0% during the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company's stock valued at $6,209,000 after purchasing an additional 13,878 shares in the last quarter. Rokos Capital Management LLP grew its stake in Lam Research by 42.0% during the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock valued at $55,532,000 after purchasing an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Lam Research during the 1st quarter worth approximately $59,973,000. Finally, Krilogy Financial LLC increased its holdings in Lam Research by 19.5% during the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company's stock worth $6,006,000 after purchasing an additional 4,584 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ:LRCX opened at $332.36 on Monday. The company has a market cap of $415.89 billion, a PE ratio of 57.70, a P/E/G ratio of 1.32 and a beta of 1.84. The business's 50 day moving average is $339.46 and its two-hundred day moving average is $283.57. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a 52 week low of $94.11 and a 52 week high of $438.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The business's quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts predict that Lam Research Corporation will post 9.32 EPS for the current year.

Lam Research Announces Dividend

The firm also recently announced 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 was Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's payout ratio is presently 18.06%.

Lam Research News Roundup

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

• Positive Sentiment: Lam Research plans to increase R&D experiment capacity by more than 50% across facilities in the United States, Asia and Europe. Management says the investment should accelerate product development and help customers address increasingly complex AI-chip architectures, materials and nanoscale manufacturing requirements. Reuters article
• Positive Sentiment: Investors are viewing Lam’s expertise in etching, including next-generation atomic-layer etching, as a potentially valuable competitive advantage as AI-driven semiconductor production requires greater manufacturing precision. The company’s recent rebound has renewed optimism that its technology could benefit from a longer-term equipment upcycle. 247WallSt article
• Positive Sentiment: SanDisk’s bullish multiyear financial targets have strengthened expectations for memory-industry capital spending through 2030, supporting demand prospects for semiconductor equipment suppliers such as Lam Research. SanDisk financial targets article
• Neutral Sentiment: Polen Capital identified LRCX as a top performer in its Focus Growth portfolio, while Zacks continues to highlight the stock’s long-term earnings outlook. These endorsements may support sentiment but do not represent new company guidance or guaranteed returns. Polen Capital article
• Negative Sentiment: The R&D expansion requires substantial spending over several years, creating execution and return-on-investment risks. Lam also trades at a relatively elevated valuation after a sharp recovery, leaving the stock vulnerable to profit-taking and concerns that the semiconductor cycle may be approaching a peak.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director directly owned 199,205 shares of the company's stock, valued at approximately $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 the firm's stock in a transaction dated 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 owned 87,142 shares in the company, valued at approximately $29,192,570. The trade was 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. Insiders sold a total of 80,441 shares of company stock worth $27,614,296 over the last 90 days. Insiders own 0.31% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LRCX. Citigroup reaffirmed a "buy" rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. UBS Group reissued a "buy" rating and set a $375.00 price target (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. JPMorgan Chase & Co. lifted their price target on shares of Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, April 23rd. Bank of America upped their price target on shares of Lam Research from $330.00 to $480.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Finally, HSBC reiterated a "hold" rating and set a $333.00 price objective on shares of Lam Research in a research note on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and an average price target of $358.47.

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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