Lam Research Corporation $LRCX Stock: Triasima Portfolio Management inc. Reduces Position

Key Points

• Triasima Portfolio Management reduced its Lam Research position by 24.9% in the third quarter, selling 6,304 shares and retaining 18,989 shares worth approximately $6.24 million. Institutional investors still own 84.61% of the company.
• Lam Research shares opened at $277.46, down 3.3%, and remain well below their 50- and 200-day moving averages. The stock faces continued selling pressure ahead of its October 21 earnings report.
• The company recently exceeded quarterly earnings and revenue expectations, with revenue up 30% year over year, and raised its quarterly dividend to $0.33 per share. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $364.59.

Triasima Portfolio Management inc. decreased its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 24.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,989 shares of the semiconductor company's stock after selling 6,304 shares during the period. Triasima Portfolio Management inc.'s holdings in Lam Research were worth $6,238,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Polaris Financial Partners bought a new position in Lam Research during the third quarter worth about $4,814,000. Bank of America Corp DE increased its stake in shares of Lam Research by 5.5% in the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company's stock worth $4,872,426,000 after purchasing an additional 584,489 shares in the last quarter. Rokos Capital Management LLP increased its stake in shares of Lam Research by 42.0% in the first quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company's stock worth $55,532,000 after purchasing an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Lam Research in the first quarter valued at approximately $59,973,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Lam Research in the first quarter valued at approximately $26,489,000. 84.61% of the stock is owned by institutional investors.

Lam Research Trading Down 3.3%

Shares of Lam Research stock opened at $277.46 on Friday. The company's 50-day moving average price is $309.98 and its 200-day moving average price is $308.35. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The company has a market cap of $347.22 billion, a price-to-earnings ratio of 48.17, a PEG ratio of 1.14 and a beta of 1.85.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter in the prior year, the firm posted $1.33 EPS. Lam Research's revenue was up 30.0% on a year-over-year basis. 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, September 23rd. This is a positive change from Lam Research's previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a yield of 0.5%. Lam Research's dividend payout ratio (DPR) is presently 22.92%.

Lam Research News Summary

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

• Positive Sentiment: Analysts continue to see substantial recovery potential, with Benzinga’s 22-analyst consensus target of $346 implying roughly 26% upside. Separately, Wall Street estimates point to approximately 25.6% potential upside, supported by upward earnings-estimate revisions. Lam Research Stock Hits Longest Losing Streak Ever: Are There Buyers Around?
• Positive Sentiment: Lam Research is integrating NVIDIA’s NanoVDB open-source library into its SEMulator3D platform, aiming to accelerate GPU-based wafer-etch modeling and support more efficient AI-driven chip design and manufacturing. The collaboration reinforces the company’s exposure to AI-factory investment. Lam Research Ties AI Fab Push to Faster SEMulator3D Modeling
• Positive Sentiment: Twenty-four exchange-traded funds added to their Lam Research holdings on October 13, indicating continued institutional demand despite the recent weakness. 24 ETFs Add to Lam Research Holdings
• Neutral Sentiment: Lam Research is scheduled to report results on October 21. Investors are likely looking for updates on semiconductor equipment demand, AI-related spending and forward guidance before reassessing the stock’s outlook. Lam Research Stock Ahead of October 21 Results
• Negative Sentiment: Hotter-than-expected inflation data intensified concerns that elevated borrowing costs could restrain AI infrastructure investment, pressuring Lam Research and other semiconductor-related stocks. Semiconductor Stocks Trade Down on Inflation Concerns
• Negative Sentiment: LRCX is on course for a ninth consecutive decline, its longest losing streak since 1984, reflecting persistent selling pressure and heightened investor caution ahead of earnings. Lam Research Shares Tumble for Seven Consecutive Sessions

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LRCX. UBS Group dropped their price target on shares of Lam Research from $435.00 to $425.00 and set a "buy" rating on the stock in a research note on Tuesday, September 1st. B. Riley Financial lifted their price objective on shares of Lam Research from $350.00 to $390.00 and gave the company a "buy" rating in a research note on Thursday, October 1st. Mizuho reduced their price objective on shares of Lam Research from $370.00 to $365.00 and set an "outperform" rating for the company in a research note on Tuesday, August 25th. Morgan Stanley reissued an "overweight" rating and set a $385.00 target price (up from $367.00) on shares of Lam Research in a report on Monday, October 5th. Finally, Jefferies Financial Group set a $335.00 target price on Lam Research and gave the stock a "buy" rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $364.59.

Insider Activity

In other Lam Research news, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the sale, the insider owned 42,462 shares of the company's stock, valued at $12,843,056.52. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the sale, the director owned 20,995 shares of the company's stock, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their position. The SEC filing for this sale provides additional information. 0.31% of the stock is owned by insiders.

Lam Research Profile

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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