Lam Research Corporation $LRCX Shares Sold by Linscomb Wealth Inc.

Key Points

• Linscomb Wealth Inc. trimmed its Lam Research stake by 4.8% in the fourth quarter, but still held 157,698 shares worth about $27.0 million, making LRCX its 15th-largest holding.
• Lam Research reported a strong quarter, with EPS of $1.47 topping estimates and revenue of $5.84 billion also beating expectations. Revenue rose 23.8% year over year, and the company issued Q4 2026 EPS guidance of 1.50 to 1.80.
• Despite recent insider selling and some valuation concerns, analyst sentiment remains broadly positive: the stock has a Moderate Buy consensus with an average price target of $295.07, and several firms recently raised targets or reiterated bullish ratings.

Linscomb Wealth Inc. cut its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 157,698 shares of the semiconductor company's stock after selling 7,958 shares during the quarter. Lam Research accounts for 1.1% of Linscomb Wealth Inc.'s investment portfolio, making the stock its 15th biggest holding. Linscomb Wealth Inc.'s holdings in Lam Research were worth $26,995,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Traphagen Investment Advisors LLC increased its position in Lam Research by 2.4% during the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock worth $336,000 after buying an additional 46 shares in the last quarter. Field & Main Bank increased its position in Lam Research by 1.1% during the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock worth $790,000 after buying an additional 50 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in Lam Research by 1.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock worth $795,000 after buying an additional 51 shares in the last quarter. Retirement Planning Group LLC increased its position in Lam Research by 2.9% during the fourth quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company's stock worth $314,000 after buying an additional 51 shares in the last quarter. Finally, Plancorp LLC increased its position in Lam Research by 2.1% during the fourth quarter. Plancorp LLC now owns 2,518 shares of the semiconductor company's stock worth $431,000 after buying an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Price Performance

LRCX stock opened at $318.00 on Friday. The stock has a 50-day moving average price of $262.01 and a two-hundred day moving average price of $220.11. Lam Research Corporation has a 12-month low of $79.49 and a 12-month high of $333.33. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The company has a market cap of $397.68 billion, a PE ratio of 60.00, a price-to-earnings-growth ratio of 2.64 and a beta of 1.81.

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

Lam Research Announces Dividend

The business also recently disclosed 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. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research's payout ratio is currently 19.62%.

Insider Activity

In other news, insider Ava Harter sold 6,010 shares of the stock in a transaction dated 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 owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the sale, the senior vice president owned 66,129 shares of the company's stock, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 120,066 shares of company stock worth $27,953,242. 0.31% of the stock is currently owned by corporate insiders.

Trending Headlines about Lam Research

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

• Positive Sentiment: Applied Materials CEO Gary Dickerson said semiconductors are in their strongest period ever, with AI driving unprecedented computing demand and long-term growth. That upbeat read-through supports suppliers like Lam Research, which sells chipmaking equipment used in advanced semiconductor production. Article Title
• Positive Sentiment: Mizuho Securities reiterated a buy rating on Lam Research, reinforcing bullish analyst sentiment around the stock’s earnings power and long-term outlook. Article Title
• Neutral Sentiment: Lam Research has strong technical momentum after a huge run over the past year, but the stock is also viewed as expensive, with commentary noting it may be materially overvalued. That combination can keep traders interested while also raising caution about further upside. Article Title
• Neutral Sentiment: Short-interest data showed no meaningful change in reported shorts, so this does not appear to be a major new catalyst for the stock.
• Negative Sentiment: One market note warned that Lam Research’s valuation is elevated and that new buyers should be cautious, which may temper enthusiasm despite the company’s strong fundamentals. Article Title
• Negative Sentiment: Another trading article highlighted heavy put-option activity in Lam Research, suggesting some investors are positioning for downside protection or near-term volatility. Article Title

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Zacks Research downgraded Lam Research from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 6th. TD Cowen raised their price target on Lam Research from $290.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Mizuho set a $380.00 price target on Lam Research and gave the stock an "outperform" rating in a research report on Wednesday. B. Riley Financial lifted their price objective on Lam Research from $350.00 to $375.00 and gave the company a "buy" rating in a research report on Tuesday, May 12th. Finally, Susquehanna lifted their price objective on Lam Research from $350.00 to $385.00 and gave the company a "positive" rating in a research report on Thursday, April 23rd. Twenty-seven equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $295.07.

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.

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.