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

Key Points

• State of Alaska Department of Revenue reduced its Lam Research stake by 3.3%, selling 4,000 shares and retaining 118,533 shares valued at approximately $38.9 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research shares recently fell to $273.36 after seven consecutive declining sessions, amid profit-taking across semiconductor-equipment stocks and caution ahead of the company’s October 21 earnings report.
• Despite near-term weakness, analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $364.59; the company also raised its quarterly dividend to $0.33 per share.

State of Alaska Department of Revenue lessened its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,533 shares of the semiconductor company's stock after selling 4,000 shares during the quarter. State of Alaska Department of Revenue's holdings in Lam Research were worth $38,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in LRCX. Gunderson Capital Management LLC bought a new position in shares of Lam Research during the 3rd quarter valued at approximately $8,924,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of Lam Research by 61.4% during the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 862 shares of the semiconductor company's stock worth $283,000 after purchasing an additional 328 shares during the last quarter. Nvwm LLC increased its stake in shares of Lam Research by 1.7% during the 3rd quarter. Nvwm LLC now owns 8,545 shares of the semiconductor company's stock worth $2,807,000 after purchasing an additional 145 shares during the last quarter. HBW Advisory Services LLC raised its holdings in shares of Lam Research by 75.7% in the 3rd quarter. HBW Advisory Services LLC now owns 1,989 shares of the semiconductor company's stock worth $653,000 after purchasing an additional 857 shares during the period. Finally, B.A. Schrock Wealth Management Inc. bought a new stake in shares of Lam Research in the 3rd quarter worth approximately $1,540,000. 84.61% of the stock is owned by hedge funds and other institutional investors.

Key Lam Research News

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

• Positive Sentiment: DBS Bank raised its price target for Lam Research to $416, signaling continued confidence in the company’s long-term semiconductor-equipment demand outlook. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Twenty-four exchange-traded funds increased their Lam Research holdings on October 13, indicating continued institutional or portfolio-manager interest in the stock. 24 ETFs Add to Lam Research Holdings
• Positive Sentiment: Analysts’ consensus price target implies roughly 25.6% potential upside, while improving earnings-estimate revisions could support the shares if the company delivers strong results. Wall Street Analysts See a 25.6% Upside in Lam Research
• Neutral Sentiment: Lam Research is scheduled to report quarterly results on October 21. Investors are likely awaiting updated guidance and commentary on AI-related semiconductor spending before making larger commitments. Lam Research stock trades ahead of October 21 results
• Negative Sentiment: Semiconductor-equipment shares, including Lam Research, have sold off as investors lock in gains following a powerful year driven by AI demand. The sector-wide move is the clearest near-term reason for LRCX’s weakness. Semiconductor Equipment Stocks Slide as Investors Take Profits
• Negative Sentiment: The shares have declined for seven consecutive sessions and recently underperformed the broader market, reflecting deteriorating short-term momentum and caution ahead of earnings. Lam Research shares tumbled for seven consecutive sessions

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the transaction, the insider owned 42,462 shares of the company's stock, valued at approximately $12,843,056.52. This trade represents a 10.53% 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. 0.31% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research analyst reports. Cantor Fitzgerald set a $500.00 price objective on Lam Research and gave the company an "overweight" rating in a research note on Monday, June 29th. Wells Fargo & Company reissued an "overweight" rating and issued a $350.00 target price (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Susquehanna reissued a "positive" rating and issued a $475.00 target price (up from $385.00) on shares of Lam Research in a research report on Tuesday, June 30th. Jefferies Financial Group set a $335.00 target price on Lam Research and gave the company a "buy" rating in a research note on Thursday, July 30th. Finally, HSBC reaffirmed a "hold" rating and set a $333.00 price target on shares of Lam Research in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average price target of $364.59.

Lam Research Stock Performance

Shares of LRCX traded down $13.56 during trading hours on Thursday, hitting $273.36. The company's stock had a trading volume of 7,426,569 shares, compared to its average volume of 10,640,310. The business has a 50 day simple moving average of $310.54 and a two-hundred day simple moving average of $307.88. Lam Research Corporation has a 52-week low of $135.50 and a 52-week high of $438.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. The company has a market cap of $342.09 billion, a price-to-earnings ratio of 47.47, a PEG ratio of 1.19 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analysts' expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. Lam Research's revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, equities analysts expect that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.33 per share. This is an increase from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, September 23rd. Lam Research's dividend payout ratio (DPR) is currently 22.92%.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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