Lam Research Corporation $LRCX Shares Sold by Mariner LLC

Key Points

• Mariner LLC trimmed its Lam Research position by 5.9% in the fourth quarter, selling 57,714 shares and ending with 921,242 shares valued at about $157.7 million.
• Institutional ownership remains very high, with hedge funds and other investors holding 84.61% of the stock. Several large funds, including Norges Bank and Arrowstreet Capital, also boosted or initiated sizable stakes recently.
• Analysts remain bullish on Lam Research after strong results: the company beat quarterly earnings and revenue estimates, raised guidance, and now carries a Moderate Buy consensus with a target price of about $322.01.

Mariner LLC reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 921,242 shares of the semiconductor company's stock after selling 57,714 shares during the period. Mariner LLC owned 0.07% of Lam Research worth $157,737,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Lam Research in the fourth quarter worth approximately $3,645,427,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock worth $1,518,542,000 after acquiring an additional 10,053,978 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Lam Research by 57.0% in the fourth quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company's stock worth $1,730,724,000 after acquiring an additional 3,671,073 shares during the last quarter. Invesco Ltd. boosted its position in shares of Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock worth $2,836,397,000 after acquiring an additional 3,263,658 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Lam Research by 108.7% in the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company's stock worth $606,045,000 after acquiring an additional 2,356,897 shares during the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. TD Cowen raised their target price on shares of Lam Research from $290.00 to $340.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Sanford C. Bernstein raised their target price on shares of Lam Research from $325.00 to $340.00 and gave the stock an "outperform" rating in a research report on Thursday, May 21st. Mizuho set a $380.00 target price on shares of Lam Research and gave the stock an "outperform" rating in a research report on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $322.01.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research is benefiting from renewed optimism around wafer-fab equipment demand, with management recently raising its 2026 WFE market forecast to $140 billion and analysts lifting price targets on expectations that AI-driven chip investment will stay strong. Article Title
• Positive Sentiment: Recent coverage highlighted Lam Research as a core beneficiary of the AI infrastructure boom, with Barclays reiterating constructive views on chip-equipment names and investors focusing on ongoing spending for new semiconductor supply. Article Title
• Positive Sentiment: Lam Research’s recent earnings outperformance and upbeat guidance continue to support the bullish case, with the company beating estimates and projecting stronger revenue momentum into upcoming quarters. Article Title
• Neutral Sentiment: Some recent pieces focus on valuation after the AI-driven rally, suggesting investors are now weighing how much upside is already priced in after a sharp run-up. Article Title
• Negative Sentiment: Broader semiconductor stocks have remained volatile, and one recent session saw LRCX fall more steeply than the market, showing that the stock can still be pressured by sector-wide AI and macro swings. Article Title

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares of the company's stock, valued at $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares in the company, valued at approximately $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. 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 ninety days, insiders have sold 31,839 shares of company stock worth $8,561,667. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Performance

Shares of LRCX stock opened at $366.81 on Monday. The stock has a market cap of $458.72 billion, a price-to-earnings ratio of 69.21, a price-to-earnings-growth ratio of 3.02 and a beta of 1.85. 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 fifty-two week low of $87.75 and a fifty-two week high of $373.82. The firm's 50 day moving average price is $286.10 and its two-hundred day moving average price is $234.16.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. Lam Research's revenue was up 23.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts anticipate that Lam Research Corporation will post 5.7 EPS for the current year.

Lam Research Announces Dividend

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

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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