Lam Research Corporation $LRCX Shares Sold by King Luther Capital Management Corp

Key Points

• King Luther Capital Management cut its Lam Research position by 30.8% in the fourth quarter, selling 30,518 shares and leaving it with 68,523 shares valued at about $11.7 million.
• Lam Research reported better-than-expected Q2 results, posting $1.47 EPS on $5.84 billion in revenue, and raised its Q4 2026 guidance to $1.50-$1.80 EPS.
• Several analysts remain positive on the stock, with recent price-target increases from firms including RBC, Citi, Stifel, and Bernstein; the consensus rating is Moderate Buy with an average target price of $295.07.

King Luther Capital Management Corp decreased its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 30.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,523 shares of the semiconductor company's stock after selling 30,518 shares during the quarter. King Luther Capital Management Corp's holdings in Lam Research were worth $11,730,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in LRCX. Generali Investments Management Co LLC boosted its position 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 during the period. Lingohr Asset Management GmbH boosted its position in Lam Research by 590.7% during the 3rd quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company's stock valued at $7,974,000 after purchasing an additional 50,933 shares during the period. Mediolanum International Funds Ltd boosted its position in Lam Research by 52.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company's stock valued at $34,417,000 after purchasing an additional 89,856 shares during the period. Thoroughbred Financial Services LLC boosted its position in Lam Research by 115.2% during the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company's stock valued at $2,972,000 after purchasing an additional 11,883 shares during the period. Finally, Truist Financial Corp boosted its position in Lam Research by 119.6% during the 3rd quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company's stock valued at $224,502,000 after purchasing an additional 913,009 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Insider Buying and Selling at Lam Research

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. The trade was a 4.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ava Harter sold 6,010 shares of the business's stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 120,066 shares of company stock valued at $27,953,242 in the last quarter. Corporate insiders own 0.31% of the company's stock.

Lam Research Stock Down 1.2%

Shares of Lam Research stock opened at $318.93 on Thursday. The business's fifty day moving average price is $260.18 and its two-hundred day moving average price is $218.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The company has a market capitalization of $398.84 billion, a P/E ratio of 60.18, a PEG ratio of 2.67 and a beta of 1.81. Lam Research Corporation has a 1-year low of $79.49 and a 1-year high of $333.33.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm's revenue for the quarter was up 23.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, research analysts forecast that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's payout ratio is presently 19.62%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank Of Canada boosted their price objective on Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Citigroup restated a "buy" rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. Stifel Nicolaus boosted their price objective on Lam Research from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Sanford C. Bernstein boosted their price objective on Lam Research from $325.00 to $340.00 and gave the company an "outperform" rating in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, May 14th. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $295.07.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.