Sava Infond d.o.o. Trims Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Sava Infond d.o.o. trimmed its stake in Lam Research by 8.7% in Q4, selling 6,900 shares and leaving 72,750 shares valued at $12.45 million, about 1.7% of the fund's portfolio and its 14th-largest holding.
• Lam Research beat Q3 expectations (EPS $1.47 vs. $1.36; revenue $5.84B vs. $5.70B) and issued strong AI-driven guidance, triggering analyst price‑target upgrades and an average consensus rating of "Moderate Buy" with a $283.65 target.
• Institutional ownership is high (84.61%) with big managers like Vanguard, State Street and Invesco adding shares, but insiders sold roughly 130,886 shares last quarter and some investors warn valuations may already price in much of the AI upside.

Sava Infond d.o.o. lowered its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,750 shares of the semiconductor company's stock after selling 6,900 shares during the quarter. Lam Research makes up approximately 1.7% of Sava Infond d.o.o.'s portfolio, making the stock its 14th biggest position. Sava Infond d.o.o.'s holdings in Lam Research were worth $12,453,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Lam Research by 0.3% in the third quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company's stock valued at $17,537,447,000 after buying an additional 364,949 shares during the last quarter. State Street Corp lifted its stake in Lam Research by 0.4% in the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company's stock valued at $8,024,684,000 after buying an additional 265,805 shares during the last quarter. Invesco Ltd. lifted its stake in Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock valued at $2,836,397,000 after buying an additional 3,263,658 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Lam Research by 781.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock valued at $1,518,542,000 after buying an additional 10,053,978 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in shares of Lam Research by 6.8% in the third quarter. Nordea Investment Management AB now owns 11,312,752 shares of the semiconductor company's stock valued at $1,512,854,000 after purchasing an additional 718,178 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Key Stories Impacting Lam Research

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LRCX. TD Cowen boosted their target price on Lam Research from $290.00 to $340.00 and gave the company a "buy" rating in a report on Thursday. Stifel Nicolaus boosted their target price on Lam Research from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday. Evercore boosted their target price on Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Thursday. Weiss Ratings reissued a "buy (b-)" rating on shares of Lam Research in a report on Friday, April 10th. Finally, UBS Group set a $300.00 target price on Lam Research in a report on Thursday, January 29th. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Lam Research presently has an average rating of "Moderate Buy" and an average price target of $283.65.

Lam Research Stock Up 3.6%

LRCX opened at $267.78 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.61 and a current ratio of 2.54. The company has a market cap of $334.40 billion, a price-to-earnings ratio of 50.52, a PEG ratio of 2.69 and a beta of 1.78. Lam Research Corporation has a one year low of $68.53 and a one year high of $275.84. The business's fifty day moving average is $234.99 and its two-hundred day moving average is $197.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.Lam Research's revenue was up 23.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Analysts anticipate that Lam Research Corporation will post 5.43 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. Lam Research's dividend payout ratio (DPR) is presently 19.62%.

Insider Activity at Lam Research

In related news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the sale, the chief financial officer owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ava Harter sold 1,500 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $222.66, for a total value of $333,990.00. Following the sale, the insider directly owned 53,205 shares in the company, valued at approximately $11,846,625.30. The trade was a 2.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,886 shares of company stock valued at $29,658,802 over the last quarter. Insiders own 0.31% of the company's stock.

Lam Research 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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