Lam Research Corporation $LRCX Shares Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue reduced its stake in Lam Research by 8.2%, selling 11,120 shares in Q4 and leaving 124,253 shares valued at about $21.27 million.
• Lam Research beat quarterly estimates (EPS $1.27 vs. $1.17, revenue $5.34B, +22.1% YoY), provided Q3 2026 EPS guidance of $1.25–1.45, and has attracted multiple analyst price-target upgrades (Susquehanna $350; consensus ≈ $246) boosting positive sentiment.

State of Alaska Department of Revenue decreased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 124,253 shares of the semiconductor company's stock after selling 11,120 shares during the quarter. State of Alaska Department of Revenue's holdings in Lam Research were worth $21,269,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. PMV Capital Advisers LLC acquired a new position in shares of Lam Research in the 4th quarter valued at $25,000. Stance Capital LLC acquired a new stake in Lam Research during the 3rd quarter worth about $26,000. Triumph Capital Management acquired a new stake in Lam Research during the 3rd quarter worth about $27,000. Harbor Investment Advisory LLC boosted its position in Lam Research by 73.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 240 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 102 shares during the period. Finally, West Branch Capital LLC boosted its position in Lam Research by 2,620.0% during the 4th quarter. West Branch Capital LLC now owns 272 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 262 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Price Performance

LRCX opened at $263.66 on Monday. The business has a 50 day moving average price of $227.64 and a 200 day moving average price of $189.78. Lam Research Corporation has a twelve month low of $61.14 and a twelve month high of $268.23. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26. The firm has a market cap of $329.25 billion, a P/E ratio of 54.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.78.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its 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. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.23 billion. During the same period in the previous year, the company earned $0.91 EPS. The company's revenue for the quarter was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Research analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research's payout ratio is 21.31%.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price objective on Lam Research from $250.00 to $290.00 and gave the stock an "overweight" rating in a research report on Thursday, January 29th. Needham & Company LLC raised their price objective on Lam Research from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft raised their price objective on Lam Research from $260.00 to $290.00 and gave the stock a "buy" rating in a research report on Thursday, January 29th. UBS Group set a $300.00 price objective on Lam Research in a research report on Thursday, January 29th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $290.00 price target (up from $260.00) on shares of Lam Research in a research note on Thursday, January 29th. Twenty-seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $246.32.

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 1,500 shares of Lam Research stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $222.66, for a total value of $333,990.00. Following the transaction, the insider directly owned 53,205 shares of the company's stock, valued at $11,846,625.30. The trade was a 2.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is currently owned by insiders.

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.

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