State of Wisconsin Investment Board Cuts Position in Lam Research Corporation $LRCX

State of Wisconsin Investment Board lessened its stake in Lam Research Corporation (NASDAQ:LRCX) by 1.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 685,944 shares of the semiconductor company’s stock after selling 9,974 shares during the quarter. State of Wisconsin Investment Board’s holdings in Lam Research were worth $117,420,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. PMV Capital Advisers LLC purchased a new position in shares of Lam Research in the 4th quarter valued at about $25,000. Core Wealth Advisors LLC purchased a new position in shares of Lam Research in the 4th quarter valued at about $29,000. University of Illinois Foundation purchased a new position in shares of Lam Research in the 4th quarter valued at about $30,000. Wilkerson Advisory Group LLC purchased a new position in shares of Lam Research in the 4th quarter valued at about $33,000. Finally, Stance Capital LLC purchased a new position in shares of Lam Research in the 3rd quarter valued at about $26,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Key Stories Impacting Lam Research

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

Lam Research Price Performance

Lam Research 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 stock has a market capitalization of $461.89 billion, a P/E ratio of 69.69, a P/E/G ratio of 3.20 and a beta of 1.85. The firm’s 50-day moving average is $292.53 and its two-hundred day moving average is $237.34. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77.

Lam Research (NASDAQ:LRCX) last released its quarterly 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 net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. During the same period last year, the company earned $1.04 EPS. The firm’s revenue for the quarter 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 analysts predict that Lam Research Corporation will post 5.7 earnings per share for the current year.

Lam Research Dividend Announcement

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

Insiders Place Their Bets

In other Lam Research news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the sale, the insider directly owned 53,205 shares in the company, valued at $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 86,339 shares of company stock valued at $27,680,267 in the last ninety days. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LRCX. BNP Paribas Exane increased their price target on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. TD Cowen raised their target price 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. Zacks Research downgraded shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Berenberg Bank raised their target price on shares of Lam Research from $265.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Finally, Oppenheimer restated an “outperform” rating and set a $400.00 target price (up from $330.00) on shares of Lam Research in a report on Monday. Twenty-eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $324.26.

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.