Sumitomo Mitsui Trust Group Inc. Has $555.29 Million Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Sumitomo Mitsui Trust Group cut its stake in Lam Research by 0.4% in Q4 and now holds 3,243,886 shares—about $555.29 million, or roughly 0.26% of the company.
• Institutional ownership is high (~84.61%), and analysts give Lam a consensus rating of "Moderate Buy" with a consensus price target of $246.32, while some firms have significantly higher targets (e.g., Susquehanna at $350, Bernstein at $285).
• Lam recently beat quarterly expectations with $1.27 EPS vs. $1.17 est and revenue of $5.34B (up 22.1% YoY), and provided Q3 FY2026 guidance of $1.25–1.45 EPS.

Sumitomo Mitsui Trust Group Inc. cut its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,243,886 shares of the semiconductor company's stock after selling 14,649 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of Lam Research worth $555,288,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LRCX. Arrowstreet Capital Limited Partnership raised 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 valued at $1,518,542,000 after buying an additional 10,053,978 shares during the period. Invesco Ltd. raised 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 valued at $2,836,397,000 after buying an additional 3,263,658 shares during the period. California Public Employees Retirement System raised its position in Lam Research by 108.7% during the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company's stock valued at $606,045,000 after buying an additional 2,356,897 shares during the period. AQR Capital Management LLC raised its position in Lam Research by 138.6% during the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company's stock valued at $472,294,000 after buying an additional 2,056,749 shares during the period. Finally, Caisse de depot et placement du Quebec raised its position in Lam Research by 164.0% during the third quarter. Caisse de depot et placement du Quebec now owns 2,568,579 shares of the semiconductor company's stock valued at $343,933,000 after buying an additional 1,595,759 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on LRCX shares. The Goldman Sachs Group set a $262.00 price target on Lam Research and gave the company a "buy" rating in a research report on Thursday, January 29th. Erste Group Bank lowered Lam Research from a "buy" rating to a "hold" rating in a research report on Thursday, April 2nd. KeyCorp reissued a "sector weight" rating on shares of Lam Research in a research report on Thursday, January 29th. Sanford C. Bernstein upped their price target on Lam Research from $275.00 to $285.00 and gave the company an "outperform" rating in a research report on Monday, February 9th. Finally, Oppenheimer reissued an "outperform" rating and set a $265.00 price target on shares of Lam Research in a research report on Thursday, January 29th. Twenty-seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $246.32.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Susquehanna raised its price target on LRCX to $350 (from $325) and kept a "positive" rating, signaling strong analyst conviction and implying roughly ~32.8% upside from the cited reference price — a catalyst that can drive buying interest. MarketScreener
• Positive Sentiment: 24/7 Wall St. published a bullish target of $253.16 on LRCX (14.7% upside vs. its reference price), citing strong earnings growth — another favorable independent valuation backing the recent rally. 24/7 Wall St. Article
• Positive Sentiment: Coverage noting an analyst upgrade (reported by AmericanBankingNews/Benzinga) has already coincided with intraday gains, reinforcing momentum as investors re-rate Lam on better-than-expected results and outlook trends. AmericanBankingNews
• Neutral Sentiment: A Yahoo Finance piece examines Lam’s valuation after recent share-price momentum, prompting investors to reassess whether the current multiple fairly reflects continued growth — relevant for longer-term position sizing. Yahoo Finance
• Negative Sentiment: Broader-market weakness linked to fading optimism over a U.S.–Iran ceasefire could pressure cyclical names, including semiconductor equipment suppliers like Lam, if risk-off flows intensify. Barchart

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 4,000 shares of the business's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $232.50, for a total value of $930,000.00. Following the transaction, the insider owned 54,705 shares in the company, valued at $12,718,912.50. The trade was a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eric Brandt sold 35,000 shares of the company's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director owned 253,705 shares of the company's stock, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 130,886 shares of company stock worth $29,658,802 over the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $263.66 on Friday. The business's 50-day moving average price is $227.64 and its two-hundred day moving average price is $189.35. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research Corporation has a one year low of $61.14 and a one year high of $268.23. The company has a market capitalization of $329.25 billion, a P/E ratio of 54.03, a price-to-earnings-growth ratio of 2.81 and a beta of 1.78.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The business's quarterly revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were paid a $0.26 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research's payout ratio is 21.31%.

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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