Hollencrest Capital Management Reduces Position in Lam Research Corporation $LRCX

Hollencrest Capital Management decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 56.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,529 shares of the semiconductor company’s stock after selling 3,308 shares during the period. Hollencrest Capital Management’s holdings in Lam Research were worth $1,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Greenleaf Trust grew its stake in Lam Research by 0.8% during the 2nd quarter. Greenleaf Trust now owns 51,866 shares of the semiconductor company’s stock valued at $22,475,000 after purchasing an additional 392 shares during the last quarter. Washington Trust Bank raised its stake in shares of Lam Research by 1,576.9% in the second quarter. Washington Trust Bank now owns 18,043 shares of the semiconductor company’s stock worth $7,819,000 after purchasing an additional 16,967 shares during the last quarter. New Mexico Educational Retirement Board raised its stake in shares of Lam Research by 7.4% in the second quarter. New Mexico Educational Retirement Board now owns 62,130 shares of the semiconductor company’s stock worth $26,923,000 after purchasing an additional 4,300 shares during the last quarter. Mufg Securities Americas Inc. lifted its holdings in shares of Lam Research by 9.0% during the second quarter. Mufg Securities Americas Inc. now owns 37,665 shares of the semiconductor company’s stock worth $16,321,000 after purchasing an additional 3,118 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in shares of Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after purchasing an additional 8,922,854 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX opened at $301.90 on Friday. The stock has a market capitalization of $377.77 billion, a price-to-earnings ratio of 52.41, a PEG ratio of 1.20 and a beta of 1.84. The stock has a 50-day moving average of $330.43 and a 200 day moving average of $289.14. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a twelve month low of $94.11 and a twelve month high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.Lam Research’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period last year, the company earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Sell-side analysts anticipate that Lam Research Corporation will post 9.33 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be paid a $0.33 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 0.4%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s dividend payout ratio is 18.06%.

Insider Activity at Lam Research

In related news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the sale, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Abhijit Y. Talwalkar sold 18,282 shares of the company’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $335.00, for a total transaction of $6,124,470.00. Following the transaction, the director owned 87,142 shares of the company’s stock, valued at $29,192,570. This represents a 17.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LRCX has been the topic of several research reports. Zacks Research upgraded shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Weiss Ratings upgraded shares of Lam Research from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. HSBC reaffirmed a “hold” rating and issued a $333.00 price objective on shares of Lam Research in a report on Monday, July 27th. Jefferies Financial Group set a $335.00 price objective on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Barclays reissued an “overweight” rating and set a $335.00 target price (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $357.31.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam Research broke ground on a 120,000-square-foot Oregon semiconductor laboratory as part of a planned investment of more than $3 billion in its global lab network over five years. The project is intended to accelerate process innovations for advanced AI chips and improve collaboration with customers, supporting the company’s long-term growth prospects. Lam Research breaks ground on AI semiconductor lab in Oregon
• Positive Sentiment: The board approved a 27% increase in the quarterly dividend, from $0.26 to $0.33 per share. The payout is scheduled for October 14, 2026, for shareholders of record on September 23, providing a modest shareholder-return signal. Lam Research Corporation Announces a 27% Increase in Quarterly Dividend
• Neutral Sentiment: Lam’s latest earnings exceeded consensus expectations, with quarterly earnings per share of $1.82 versus the $1.69 estimate and revenue of $6.72 billion. Revenue increased 30% year over year, while management issued fiscal first-quarter 2027 EPS guidance of $2.00 to $2.30. Analysts’ median price target remains substantially above recent trading levels, although Mizuho recently lowered its target to $365.
• Neutral Sentiment: Two long-serving directors, Michael R. Cannon and Sohail U. Ahmed, plan to retire from the board on November 2, 2026. The transition could refresh governance but introduces some near-term uncertainty regarding board composition. Lam Research Announces Retirement of Michael R. Cannon and Sohail U. Ahmed from Board of Directors
• Negative Sentiment: Investors appear increasingly concerned about tariffs, export restrictions and other U.S.-China trade measures. China was Lam’s largest geographic market in fiscal 2026, making the company particularly sensitive to policy changes that could reduce demand, hurt margins or disrupt its supply chain. These macro concerns have overshadowed the dividend increase and Oregon expansion. Lam Research Slides as China Trade Risk Appears to Outweigh Dividend Hike
• Negative Sentiment: Reported insider activity shows selling rather than buying by executives and directors over the past six months, which may reinforce caution among investors, though such transactions can reflect personal financial planning rather than a view on company fundamentals.

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.