University of Texas Texas AM Investment Management Co. Cuts Stock Position in Lam Research Corporation $LRCX

Key Points

• University of Texas Texas AM Investment Management Co. cut its Lam Research stake by 99.5% in the fourth quarter, leaving it with just 217 shares worth about $37,000 after selling more than 40,000 shares.
• Institutional ownership in Lam Research remains very high at 84.61%, and several large funds recently increased or initiated positions, including Norges Bank, Arrowstreet Capital, Franklin Resources, and Invesco.
• Lam Research reported strong quarterly results, beating EPS and revenue estimates, while analysts remain generally constructive with a Moderate Buy consensus and an average price target of $324.26.

University of Texas Texas AM Investment Management Co. lowered its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 99.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 217 shares of the semiconductor company's stock after selling 40,309 shares during the period. University of Texas Texas AM Investment Management Co.'s holdings in Lam Research were worth $37,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in LRCX. Norges Bank purchased a new stake in shares of Lam Research in the 4th quarter worth approximately $3,645,427,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Lam Research by 781.3% in the 3rd 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 during the last quarter. Franklin Resources Inc. grew its stake in shares of Lam Research by 57.0% in the 4th quarter. Franklin Resources Inc. now owns 10,110,560 shares of the semiconductor company's stock worth $1,730,724,000 after buying an additional 3,671,073 shares during the last quarter. Invesco Ltd. boosted its stake in Lam Research by 18.2% during the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock valued at $2,836,397,000 after purchasing an additional 3,263,658 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Lam Research by 108.7% during the 3rd quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company's stock valued at $606,045,000 after purchasing an additional 2,356,897 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Insider Buying and Selling

In related news, Director Eric Brandt sold 54,500 shares of Lam Research stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares in the company, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 18,170 shares of Lam Research stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $255.14, for a total value of $4,635,893.80. Following the completion of the transaction, the senior vice president owned 66,129 shares of the company's stock, valued at approximately $16,872,153.06. This represents a 21.55% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 86,339 shares of company stock worth $27,680,267. Corporate insiders own 0.31% of the company's stock.

Key Lam Research News

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

• Positive Sentiment: Recent commentary remains upbeat on Lam Research’s growth outlook, with articles highlighting its earnings momentum, strong demand, and potential to outperform over the long term. Is Lam Research (LRCX) a Solid Growth Stock? 3 Reasons to Think "Yes"
• Positive Sentiment: The semiconductor sector is enjoying broad strength, with chip ETFs and several peers hitting new highs, which continues to support investor sentiment around Lam Research. Chips Up 8.8% in One Week: 5 Semiconductor Names Breaking Into New Highs
• Positive Sentiment: Analysts and market commentary point to Lam’s advanced packaging business as a possible catalyst, especially as AI-driven chip demand boosts etch and deposition equipment orders. Lam Research Expects Packaging Growth of 50: Is It a Hidden Catalyst?
• Neutral Sentiment: Lam Research was also featured on CNBC’s “Final Trades,” which can add visibility but does not materially change fundamentals. Alphabet, Lam Research And A Financial Stock On CNBC's 'Final Trades'
• Neutral Sentiment: Unusual put-option activity and a director share sale under a pre-arranged 10b5-1 plan may be weighing on sentiment, but neither is a clear sign of deteriorating business fundamentals. SEC filing for director share sale
• Negative Sentiment: Valuation-focused articles argue that Lam Research is priced for very strong multi-year growth, which can make the stock vulnerable if revenue growth slows or investor expectations become too demanding. Decoding LRCX Stock's Premium Valuation

Wall Street Analyst Weigh In

Several analysts have commented on LRCX shares. Zacks Research downgraded Lam Research from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. BNP Paribas Exane increased their price target on Lam Research from $250.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday, April 23rd. New Street Research increased their price target on Lam Research from $235.00 to $280.00 and gave the company a "neutral" rating in a report on Monday, April 27th. TD Cowen increased their price target on Lam Research from $290.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Lam Research from $300.00 to $325.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Twenty-eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and a consensus target price of $324.26.

Lam Research Trading Down 5.0%

Shares of LRCX stock opened at $369.34 on Wednesday. Lam Research Corporation has a 12-month low of $87.75 and a 12-month high of $393.07. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The stock's 50-day moving average price is $292.53 and its 200-day moving average price is $237.34. The stock has a market capitalization of $461.89 billion, a price-to-earnings ratio of 69.69, a price-to-earnings-growth ratio of 3.20 and a beta of 1.85.

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 (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The business's revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities research analysts predict that Lam Research Corporation will post 5.7 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be given a $0.26 dividend. The ex-dividend date is Wednesday, June 17th. This represents a $1.04 annualized dividend and a yield of 0.3%. Lam Research's dividend payout ratio (DPR) is currently 19.62%.

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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