Lam Research Corporation $LRCX Holdings Boosted by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,762 shares of the semiconductor company’s stock after acquiring an additional 2,691 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Lam Research were worth $41,971,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Keybank National Association OH grew its holdings in shares of Lam Research by 5.0% in the third quarter. Keybank National Association OH now owns 45,677 shares of the semiconductor company’s stock worth $15,005,000 after acquiring an additional 2,156 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in Lam Research by 14.3% in the third quarter. Cornerstone Wealth Management LLC now owns 1,238 shares of the semiconductor company’s stock valued at $407,000 after acquiring an additional 155 shares during the period. Csenge Advisory Group lifted its holdings in Lam Research by 27.2% in the third quarter. Csenge Advisory Group now owns 2,623 shares of the semiconductor company’s stock valued at $862,000 after acquiring an additional 561 shares during the period. New York Life Investment Management LLC lifted its holdings in Lam Research by 2.9% in the third quarter. New York Life Investment Management LLC now owns 211,558 shares of the semiconductor company’s stock valued at $69,499,000 after acquiring an additional 5,975 shares during the period. Finally, Pinion Investment Advisors LLC boosted its position in Lam Research by 208.4% in the third quarter. Pinion Investment Advisors LLC now owns 1,619 shares of the semiconductor company’s stock worth $532,000 after purchasing an additional 1,094 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Lam Research Trading Up 0.5%

NASDAQ:LRCX opened at $222.39 on Wednesday. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50. The business has a fifty day moving average price of $281.18 and a 200-day moving average price of $283.65. The firm has a market capitalization of $277.80 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 0.82 and a beta of 1.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.02. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. Lam Research’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. Sell-side analysts forecast that Lam Research Corporation will post 9.60 EPS for the current year.

Lam Research declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 5th that permits the company to buy back $25 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 9% of its shares through open market purchases. Share buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 2nd will be given a $0.33 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.32 dividend on an annualized basis and a yield of 0.6%. Lam Research’s dividend payout ratio is presently 19.67%.

Insider Activity

In other news, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,573 shares of company stock worth $4,523,606 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on LRCX shares. Mizuho cut their price target on Lam Research from $365.00 to $360.00 and set an “outperform” rating for the company in a research note on Thursday, October 22nd. Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 22nd. Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Evercore set a $315.00 price objective on shares of Lam Research in a report on Tuesday, October 20th. Finally, Fundamental Research set a $390.00 price objective on shares of Lam Research in a report on Thursday, October 1st. Twenty-six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $357.57.

More Lam Research News

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

• Positive Sentiment: Lam’s gross margin reached a record 52.4% in Q1 2027, supported by strong demand and a favorable product mix. This points to strong profitability, though supply constraints could limit further improvement. Lam Research’s Gross Margin Hits 52.4%: Can it Climb Further?
• Positive Sentiment: Recent coverage cited a $25 billion buyback plan, along with AI-related demand and strong earnings, as support for investor interest in the shares. LRCX Gains 8% on a $25B Buyback Plan
• Positive Sentiment: Analyst coverage remains bullish on Lam, while broader investment in high-bandwidth memory capacity could create additional demand for semiconductor manufacturing equipment. Analysts Are Bullish on Top Technology Stocks The Next AI Chip Shortage May Be the Machines That Make HBM
• Neutral Sentiment: Lam appointed longtime employee Kim Tae-won to lead its Korean operations, a region important to the company’s relationships with major chipmakers. The announcement may support execution but provides no immediate financial forecast. Lam Research Names Kim Tae Won To Lead Korea Operations
• Negative Sentiment: ETFs were net sellers of $143.1 million of LRCX shares on Nov. 6, indicating some institutional selling pressure. ETFs Are Net Sellers of Lam Research

About Lam Research

Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits. The company’s wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations. Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.