Varma Mutual Pension Insurance Co Cuts Position in Lam Research Corporation $LRCX

Key Points

• Varma Mutual Pension trimmed its Lam Research stake by 10.5% in Q4, selling 27,100 shares and leaving it with 231,730 shares worth about $39.67 million.
• Lam Research beat quarterly expectations with $1.47 EPS (vs. $1.36) and $5.84B revenue (vs. $5.70B), reported 23.8% YoY revenue growth, set Q4 FY2026 EPS guidance of 1.50–1.80, and carries a consensus analyst price target of $285.94.
• Large institutions (e.g., Arrowstreet, Invesco, CalPERS, AQR, M&T) have substantially increased positions—institutions own 84.61% of the stock—while insiders have been net sellers, disposing of 136,896 shares (~$31.2M) over the past 90 days.

Varma Mutual Pension Insurance Co decreased its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 231,730 shares of the semiconductor company's stock after selling 27,100 shares during the quarter. Varma Mutual Pension Insurance Co's holdings in Lam Research were worth $39,668,000 as of its most recent filing with the SEC.

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% in the third quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock worth $1,518,542,000 after acquiring an additional 10,053,978 shares in the last quarter. Invesco Ltd. raised its position in Lam Research by 18.2% in the third quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock worth $2,836,397,000 after acquiring an additional 3,263,658 shares in the last quarter. California Public Employees Retirement System raised its position in Lam Research by 108.7% in the third quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company's stock worth $606,045,000 after acquiring an additional 2,356,897 shares in the last quarter. AQR Capital Management LLC raised its position in Lam Research by 138.6% in the third quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company's stock worth $472,294,000 after acquiring an additional 2,056,749 shares in the last quarter. Finally, M&T Bank Corp raised its position in Lam Research by 1,925.5% in the fourth quarter. M&T Bank Corp now owns 1,717,551 shares of the semiconductor company's stock worth $294,010,000 after acquiring an additional 1,632,754 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 0.0%

Shares of LRCX stock opened at $256.78 on Monday. Lam Research Corporation has a fifty-two week low of $72.59 and a fifty-two week high of $275.84. The stock has a market cap of $321.12 billion, a P/E ratio of 48.45, a P/E/G ratio of 2.12 and a beta of 1.81. The business has a fifty day simple moving average of $236.37 and a 200-day simple moving average of $201.94. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The firm's quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. On average, analysts forecast that Lam Research Corporation will post 5.68 earnings per share for the current fiscal year.

Lam Research Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on LRCX shares. Citigroup reiterated a "buy" rating and issued a $315.00 price objective (up from $300.00) on shares of Lam Research in a research report on Thursday, April 23rd. Evercore raised their price target on Lam Research from $275.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Citic Securities raised their price target on Lam Research from $165.00 to $275.00 and gave the company a "buy" rating in a research report on Friday, January 30th. Deutsche Bank Aktiengesellschaft raised their price target on Lam Research from $300.00 to $325.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Finally, Barclays set a $275.00 price target on Lam Research and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Twenty-six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $285.94.

Insider Activity

In other news, Director Eric Brandt sold 35,000 shares of the business's stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares of the company's stock, valued at $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ava Harter sold 6,010 shares of the business's stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the transaction, the insider directly owned 53,205 shares of the company's stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 136,896 shares of company stock valued at $31,213,349 over the last 90 days. Insiders own 0.31% of the company's stock.

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.

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