Lam Research Corporation $LRCX Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Lam Research Corporation (NASDAQ:LRCX) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,072,151 shares of the semiconductor company’s stock after selling 2,291 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of Lam Research worth $229,076,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. PMV Capital Advisers LLC acquired a new position in shares of Lam Research in the fourth quarter worth about $25,000. Stance Capital LLC acquired a new stake in Lam Research during the 3rd quarter valued at approximately $26,000. Bayban acquired a new stake in Lam Research during the 4th quarter valued at approximately $26,000. Vermillion Wealth Management Inc. purchased a new stake in Lam Research during the 1st quarter worth approximately $26,000. Finally, Triumph Capital Management purchased a new stake in Lam Research during the 3rd quarter worth approximately $27,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of LRCX opened at $351.41 on Friday. The firm has a market cap of $439.46 billion, a price-to-earnings ratio of 66.30, a PEG ratio of 2.34 and a beta of 1.80. The stock has a 50 day moving average of $324.63 and a 200-day moving average of $256.70. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $438.50.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating 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 business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. During the same period in the prior year, the company posted $1.04 EPS. 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. As a group, analysts forecast that Lam Research Corporation will post 5.68 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research’s dividend payout ratio is 19.62%.

Lam Research News Summary

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

• Positive Sentiment: Wall Street commentary highlighted Lam Research’s strong positioning for AI-driven demand, including rising orders for advanced memory, foundry, and packaging tools that could support further revenue and margin expansion.
• Positive Sentiment: Several articles pointed to Lam Research’s impressive growth profile, earnings-surprise history, and analyst optimism, suggesting the company could continue to outperform if chip-capex demand stays strong.
• Positive Sentiment: Reports also noted that Lam Research’s stock has surged sharply this year, reflecting investor confidence in its role in the AI infrastructure buildout and improved profitability.
• Neutral Sentiment: Some pieces framed the stock as a potential long-term winner, even discussing whether Lam Research could eventually become a trillion-dollar company, but these were mostly long-horizon thesis articles rather than near-term catalysts.
• Negative Sentiment: Other coverage warned that after the stock’s massive run, Lam Research may be approaching full valuation, with fresh AI demand already priced in and the rally vulnerable to profit-taking.
• Negative Sentiment: One market recap noted the shares fell sharply in the prior session, with semiconductor stocks seeing profit-taking even as broader markets were mixed, underscoring investor caution around the sector’s recent strength.

Insiders Place Their Bets

In related news, insider Ava Harter sold 6,010 shares of the business’s stock in a transaction dated 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 sale, the insider owned 53,205 shares of the company’s stock, valued at $13,762,005.30. This represents a 10.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eric Brandt sold 54,500 shares of the stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director owned 199,205 shares in the company, valued at approximately $69,881,114. This trade represents a 21.48% decrease in their position. 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. Over the last three months, insiders have sold 86,339 shares of company stock valued at $27,680,267. Company insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a $375.00 target price (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. New Street Research lifted their price target on shares of Lam Research from $235.00 to $280.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Seaport Research Partners initiated coverage on shares of Lam Research in a research note on Monday, May 4th. They issued a “buy” rating and a $300.00 price target for the company. TD Cowen upped their price target on shares of Lam Research from $290.00 to $340.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Morgan Stanley upgraded shares of Lam Research from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $293.00 to $331.00 in a research note on Monday, May 18th. Twenty-eight analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average price target of $345.39.

Lam Research Company 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.