Saudi Central Bank Raises Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Saudi Central Bank increased its Lam Research stake by 88.5% in the second quarter, holding 87,414 shares valued at approximately $37.9 million. Institutional investors collectively own 84.61% of the company.
• Lam Research reported strong quarterly results, with revenue rising 30% year over year to $6.72 billion and EPS of $1.82, beating estimates. The company also raised its quarterly dividend by roughly 27% to $0.33 per share.
• Despite a “Moderate Buy” analyst consensus and an average price target of $358.97, insiders have sold shares exclusively in recent months, while some analysts have flagged elevated valuation and reduced price targets.

Saudi Central Bank lifted its holdings in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 88.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,414 shares of the semiconductor company's stock after acquiring an additional 41,052 shares during the period. Saudi Central Bank's holdings in Lam Research were worth $37,879,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Paladin Partners LLC purchased a new position in shares of Lam Research during the second quarter worth about $26,000. Bravera Wealth acquired a new stake in Lam Research during the 2nd quarter worth approximately $46,000. Cedar Mountain Advisors LLC grew its stake in shares of Lam Research by 242.9% in the 1st quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 85 shares during the last quarter. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Lam Research in the 2nd quarter valued at approximately $52,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of Lam Research in the first quarter valued at approximately $26,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Abhijit Y. Talwalkar sold 18,282 shares of the firm's stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the sale, the director owned 87,142 shares in the company, valued at approximately $29,192,570. This trade represents a 17.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the sale, the insider directly owned 42,462 shares of the company's stock, valued at $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 77,782 shares of company stock valued at $26,755,370 over the last 90 days. Insiders own 0.31% of the company's stock.

Lam Research News Summary

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

• Positive Sentiment: Lam Research’s record June-quarter results and outlook remain key catalysts. Revenue reached $6.72 billion, up 30% year over year, while adjusted earnings exceeded analysts’ expectations. Management guided for approximately $8.10 billion in September-quarter revenue, reinforcing confidence in continued AI- and advanced-chip-related demand. Lam Research gains as investors build on strong guidance and recent shareholder-friendly updates
• Positive Sentiment: The company broke ground on a new Oregon research laboratory and plans to invest more than $3 billion in its global lab network over five years. The investment is intended to support semiconductor research tied to artificial intelligence and next-generation chip production. Lam Research Oregon laboratory announcement
• Positive Sentiment: Lam Research raised its quarterly dividend by approximately 27% to $0.33 per share, improving the stock’s shareholder-return profile after its record quarter. Lam Research dividend increase
• Positive Sentiment: Options activity and bullish institutional positioning may be adding to momentum. More than 1,600 institutions reportedly increased their holdings in the latest quarter, while recent analyst targets—including several between $400 and $500—remain above the current trading range. Lam Research options market article
• Neutral Sentiment: The dividend increase has attracted attention as investors seek income and quality amid geopolitical and inflation concerns, although broader market volatility could continue to affect semiconductor stocks. Stocks with dividend hikes article
• Negative Sentiment: Insiders have reported only sales—not purchases—in the past six months, including transactions by CEO Timothy Archer and other executives. That activity may raise concerns about valuation or profit-taking.
• Negative Sentiment: After substantial long-term gains, some commentary argues that LRCX is fully valued, with elevated valuation metrics leaving less room for disappointment-free execution. UBS also recently lowered its price target to $425, despite remaining above the current share price. UBS lowers Lam Research price target

Lam Research Trading Up 5.1%

Shares of LRCX stock opened at $307.65 on Friday. The stock has a market cap of $384.97 billion, a P/E ratio of 53.41, a P/E/G ratio of 1.22 and a beta of 1.85. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a fifty-two week low of $100.68 and a fifty-two week high of $438.50. The business has a fifty day simple moving average of $321.34 and a 200-day simple moving average of $291.39.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The company's revenue for the quarter was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts forecast that Lam Research Corporation will post 9.33 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.4%. This is a boost from Lam Research's previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, September 23rd. Lam Research's payout ratio is presently 22.92%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LRCX shares. Sanford C. Bernstein upped their price target on Lam Research from $325.00 to $340.00 and gave the stock an "outperform" rating in a research note on Thursday, May 21st. Raymond James Financial set a $425.00 price objective on shares of Lam Research in a research report on Wednesday, June 10th. Wall Street Zen downgraded shares of Lam Research from a "buy" rating to a "hold" rating in a research report on Sunday, May 10th. Wells Fargo & Company restated an "overweight" rating and issued a $350.00 target price (down from $450.00) on shares of Lam Research in a research note on Thursday, July 30th. Finally, Rothschild & Co Redburn lifted their target price on shares of Lam Research from $305.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Lam Research currently has a consensus rating of "Moderate Buy" and an average price target of $358.97.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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