Royal London Asset Management Ltd. Sells 10,652 Shares of Lam Research Corporation $LRCX

Royal London Asset Management Ltd. trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 688,385 shares of the semiconductor company's stock after selling 10,652 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.06% of Lam Research worth $117,838,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Triumph Capital Management lifted its holdings in shares of Lam Research by 22.5% in the 4th quarter. Triumph Capital Management now owns 245 shares of the semiconductor company's stock worth $42,000 after buying an additional 45 shares during the period. Traphagen Investment Advisors LLC grew its position in shares of Lam Research by 2.4% during the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock worth $336,000 after buying an additional 46 shares in the last quarter. Bank of Jackson Hole Trust increased its stake in shares of Lam Research by 12.6% during the fourth quarter. Bank of Jackson Hole Trust now owns 428 shares of the semiconductor company's stock valued at $73,000 after buying an additional 48 shares during the period. Field & Main Bank raised its holdings in shares of Lam Research by 1.1% in the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock valued at $790,000 after acquiring an additional 50 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock valued at $795,000 after acquiring an additional 51 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on LRCX shares. Oppenheimer reaffirmed an "outperform" rating and issued a $330.00 price objective on shares of Lam Research in a research note on Thursday, April 23rd. Cantor Fitzgerald set a $425.00 price target on shares of Lam Research and gave the company an "overweight" rating in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, April 23rd. New Street Research increased their price objective on shares of Lam Research from $235.00 to $280.00 and gave the company a "neutral" rating in a research note on Monday, April 27th. Finally, Wall Street Zen lowered shares of Lam Research from a "buy" rating to a "hold" rating in a report on Sunday, May 10th. Twenty-eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus price target of $322.01.

Insider Buying and Selling at Lam Research

In related news, SVP Neil J. Fernandes sold 18,170 shares of the company's stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president directly owned 66,129 shares of the company's stock, valued at $16,872,153.06. This represents a 21.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the stock in a transaction dated Monday, April 27th. The shares were 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 approximately $13,762,005.30. This trade represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 31,839 shares of company stock worth $8,561,667. 0.31% of the stock is owned by company insiders.

Lam Research Trading Up 1.2%

NASDAQ:LRCX opened at $366.81 on Friday. The stock has a market capitalization of $458.72 billion, a price-to-earnings ratio of 69.21, a PEG ratio of 3.00 and a beta of 1.85. Lam Research Corporation has a 52 week low of $87.75 and a 52 week high of $373.82. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $286.10 and a 200 day moving average of $233.58.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results 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 business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business's revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.04 earnings per share. 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 5.67 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam Research is benefiting from renewed optimism around wafer-fab equipment demand, with management recently raising its 2026 WFE market forecast to $140 billion and analysts lifting price targets on expectations that AI-driven chip investment will stay strong. Article Title
• Positive Sentiment: Recent coverage highlighted Lam Research as a core beneficiary of the AI infrastructure boom, with Barclays reiterating constructive views on chip-equipment names and investors focusing on ongoing spending for new semiconductor supply. Article Title
• Positive Sentiment: Lam Research’s recent earnings outperformance and upbeat guidance continue to support the bullish case, with the company beating estimates and projecting stronger revenue momentum into upcoming quarters. Article Title
• Neutral Sentiment: Some recent pieces focus on valuation after the AI-driven rally, suggesting investors are now weighing how much upside is already priced in after a sharp run-up. Article Title
• Negative Sentiment: Broader semiconductor stocks have remained volatile, and one recent session saw LRCX fall more steeply than the market, showing that the stock can still be pressured by sector-wide AI and macro swings. Article Title

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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