Lam Research Corporation $LRCX Shares Sold by KG&L Capital Management LLC

Key Points

• KG&L Capital Management cut its Lam Research stake by 83.6% in Q4, selling 16,340 shares and leaving 3,212 shares worth about $550,000.
• Analysts have turned more bullish—multiple firms raised price targets (e.g., Susquehanna to $350) and Lam posted a quarterly earnings beat with Q3 2026 guidance of $1.25–$1.45 EPS.
• Institutional ownership is high (about 84.6%) with several large managers materially increasing positions, while insiders have sold roughly $29.7 million of stock over the last three months.

KG&L Capital Management LLC lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 83.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,212 shares of the semiconductor company's stock after selling 16,340 shares during the quarter. KG&L Capital Management LLC's holdings in Lam Research were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LRCX. Arrowstreet Capital Limited Partnership grew its position in Lam Research by 781.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock valued at $1,518,542,000 after buying an additional 10,053,978 shares during the period. Invesco Ltd. grew its position in Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock valued at $2,836,397,000 after buying an additional 3,263,658 shares during the period. California Public Employees Retirement System grew its position in Lam Research by 108.7% during the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company's stock valued at $606,045,000 after buying an additional 2,356,897 shares during the period. AQR Capital Management LLC grew its position in Lam Research by 138.6% during the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company's stock valued at $472,294,000 after buying an additional 2,056,749 shares during the period. Finally, Caisse de depot et placement du Quebec grew its position in Lam Research by 164.0% during the third quarter. Caisse de depot et placement du Quebec now owns 2,568,579 shares of the semiconductor company's stock valued at $343,933,000 after buying an additional 1,595,759 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Key Lam Research News

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

• Positive Sentiment: Susquehanna raised its price target on LRCX to $350 (from $325) and kept a "positive" rating, signaling strong analyst conviction and implying roughly ~32.8% upside from the cited reference price — a catalyst that can drive buying interest. MarketScreener
• Positive Sentiment: 24/7 Wall St. published a bullish target of $253.16 on LRCX (14.7% upside vs. its reference price), citing strong earnings growth — another favorable independent valuation backing the recent rally. 24/7 Wall St. Article
• Positive Sentiment: Coverage noting an analyst upgrade (reported by AmericanBankingNews/Benzinga) has already coincided with intraday gains, reinforcing momentum as investors re-rate Lam on better-than-expected results and outlook trends. AmericanBankingNews
• Neutral Sentiment: A Yahoo Finance piece examines Lam’s valuation after recent share-price momentum, prompting investors to reassess whether the current multiple fairly reflects continued growth — relevant for longer-term position sizing. Yahoo Finance
• Negative Sentiment: Broader-market weakness linked to fading optimism over a U.S.–Iran ceasefire could pressure cyclical names, including semiconductor equipment suppliers like Lam, if risk-off flows intensify. Barchart

Lam Research Stock Up 1.9%

Shares of NASDAQ LRCX opened at $263.66 on Friday. The company's 50-day simple moving average is $227.64 and its 200-day simple moving average is $189.35. Lam Research Corporation has a 52-week low of $61.14 and a 52-week high of $268.23. The firm has a market cap of $329.25 billion, a price-to-earnings ratio of 54.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.78. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company's revenue for the quarter was up 22.1% on a year-over-year basis. During the same period last year, the firm posted $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities analysts predict that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Dividend Announcement

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

Analyst Ratings Changes

LRCX has been the topic of several analyst reports. New Street Research raised their price target on shares of Lam Research from $140.00 to $235.00 and gave the company a "neutral" rating in a research report on Tuesday, March 31st. Citigroup lifted their target price on shares of Lam Research from $265.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Zacks Research lowered shares of Lam Research from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Lam Research from $260.00 to $290.00 and gave the company a "buy" rating in a research report on Thursday, January 29th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Lam Research in a research report on Monday, December 29th. Twenty-seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of "Moderate Buy" and an average price target of $246.32.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 4,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $232.50, for a total value of $930,000.00. Following the transaction, the insider directly owned 54,705 shares of the company's stock, valued at approximately $12,718,912.50. This trade represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Eric Brandt sold 35,000 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 130,886 shares of company stock valued at $29,658,802. Corporate insiders own 0.31% of the company's stock.

About Lam Research

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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