Lam Research Corporation $LRCX Stock Holdings Cut by National Pension Service

Key Points

• National Pension Service cut its Lam Research stake by 5.9% in the fourth quarter, selling 205,851 shares. It still held 3.31 million shares valued at about $567 million.
• Wall Street sentiment remains mostly positive, with Lam Research carrying a Moderate Buy consensus rating and an average price target of $295.07. Recent analyst actions included upgrades from Summit Insights and continued buy ratings from firms like Jefferies and Mizuho.
• The company reported strong quarterly results, with EPS of $1.47 and revenue of $5.84 billion, both beating estimates. Lam Research also raised its Q4 2026 guidance and announced a quarterly dividend of $0.26 per share.

National Pension Service reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,312,195 shares of the semiconductor company's stock after selling 205,851 shares during the quarter. National Pension Service owned about 0.27% of Lam Research worth $566,982,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Generali Investments Management Co LLC boosted its stake 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 in the last quarter. Lingohr Asset Management GmbH boosted its stake 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 in the last quarter. Mediolanum International Funds Ltd boosted its stake 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 in the last quarter. Thoroughbred Financial Services LLC boosted its stake 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 in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Lam Research by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company's stock valued at $17,537,447,000 after purchasing an additional 364,949 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LRCX. Summit Insights raised Lam Research from a "hold" rating to a "buy" rating in a research note on Thursday, January 29th. Weiss Ratings lowered Lam Research from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, May 14th. Zacks Research lowered Lam Research from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Susquehanna raised their price objective on Lam Research from $350.00 to $385.00 and gave the stock a "positive" rating in a research note on Thursday, April 23rd. Finally, Jefferies Financial Group raised their price objective on Lam Research from $285.00 to $315.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Twenty-seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $295.07.

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

Lam Research Price Performance

NASDAQ LRCX opened at $318.00 on Friday. The stock's 50-day moving average price is $262.01 and its two-hundred day moving average price is $220.11. 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 PEG ratio of 2.64 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 posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping 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 business's revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts predict that Lam Research Corporation will post 5.67 EPS for the current year.

Lam Research Announces Dividend

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

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 6,010 shares of the firm'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 owned 53,205 shares of the company's stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer directly owned 1,081,705 shares of the company's stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 120,066 shares of company stock valued at $27,953,242 over the last quarter. Company 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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