Munich Reinsurance Co Stock Corp in Munich Sells 125,223 Shares of Lam Research Corporation $LRCX

Key Points

• Munich Re trimmed its Lam Research stake by 63.9% in Q4, selling 125,223 shares and leaving 70,868 shares worth about $12.315 million.
• Company insiders have been net sellers — CFO Douglas Bettinger sold 50,057 shares (≈$11.2M) and insiders sold 130,886 shares (~$29.66M) in the last 90 days, leaving insiders with roughly 0.31% ownership.
• Lam beat Q3 expectations (EPS $1.47 vs $1.36; revenue $5.84B vs $5.70B), gave strong AI-driven guidance, and saw multiple analyst price-target upgrades, helping the stock trade up about 3.6%.

Munich Reinsurance Co Stock Corp in Munich trimmed its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 63.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,868 shares of the semiconductor company's stock after selling 125,223 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich's holdings in Lam Research were worth $12,315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of 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 during the period. State Street Corp grew its position in Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company's stock worth $8,024,684,000 after buying an additional 265,805 shares in the last quarter. Invesco Ltd. grew its position in Lam Research by 18.2% during the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock worth $2,836,397,000 after buying an additional 3,263,658 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Lam Research by 781.3% during 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 buying an additional 10,053,978 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Lam Research by 6.8% during the third quarter. Nordea Investment Management AB now owns 11,312,752 shares of the semiconductor company's stock worth $1,512,854,000 after buying an additional 718,178 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction that occurred 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 owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Ava Harter sold 1,500 shares of the 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 completion of the sale, the insider owned 53,205 shares of the company's stock, valued at approximately $11,846,625.30. This trade represents a 2.74% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 130,886 shares of company stock worth $29,658,802. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LRCX shares. Susquehanna boosted their target price on Lam Research from $350.00 to $385.00 and gave the stock a "positive" rating in a research report on Thursday. Weiss Ratings restated a "buy (b-)" rating on shares of Lam Research in a research report on Friday, April 10th. Citigroup reiterated a "buy" rating and set a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday. Jefferies Financial Group increased their price objective on Lam Research from $285.00 to $315.00 and gave the company a "buy" rating in a research report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on Lam Research from $300.00 to $315.00 and gave the company an "overweight" rating in a research report on Thursday. Twenty-six investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $283.65.

Key Lam Research News

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

• Positive Sentiment: Q3 results beat expectations (EPS $1.47, revenue $5.84B) and management gave strong FY guidance tied to AI demand — investors view this as confirmation of a multi-year WFE upcycle. Earnings & press coverage
• Positive Sentiment: Major analysts have lifted price targets across the board (examples: TD Cowen $340, Susquehanna $385, JPMorgan $315, BofA $330), signaling upgraded revenue and margin forecasts driven by AI memory and logic chip spending. Analyst target upgrades
• Positive Sentiment: Several bank research notes reiterated buy/outperform ratings and sizable upside, reinforcing momentum and prompting institutional buyers to add exposure. Deutsche Bank price target raise
• Neutral Sentiment: Broad market action (Dow slip while Nasdaq gains) and strong moves in other chip names (Intel, AMD, Arm) contributed to sector flow into semiconductor-equipment names including LRCX. Market breadth coverage
• Neutral Sentiment: Not all firms moved to buy: a few kept neutral/equal-weight stances (e.g., Morgan Stanley, BNP Paribas), showing some analysts want to see more cycles of delivery before upgrading conviction. Morgan Stanley note
• Negative Sentiment: Valuation concerns: commentary and analysis warn the stock reflects a lot of AI upside already — some investors may view multiple and momentum as stretched, which could amplify pullbacks on any growth-slow surprises. Valuation caution analysis

Lam Research Trading Up 3.6%

Shares of LRCX stock opened at $267.78 on Friday. The stock has a market capitalization of $334.40 billion, a PE ratio of 50.52, a P/E/G ratio of 2.69 and a beta of 1.78. Lam Research Corporation has a 1-year low of $68.53 and a 1-year high of $275.84. The business has a 50-day moving average of $234.99 and a 200 day moving average of $197.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.61.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research's quarterly revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 5.43 earnings per share for the current year.

Lam Research Announces Dividend

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 dividend of $0.26 per share. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 annualized dividend and a yield of 0.4%. Lam Research's dividend payout ratio is currently 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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