Lam Research Corporation $LRCX Stock Sold by Viking Fund Management LLC

Viking Fund Management LLC reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 20.0% during the third quarter, Holdings Channel.com reports. The fund owned 16,000 shares of the semiconductor company’s stock after selling 4,000 shares during the quarter. Viking Fund Management LLC’s holdings in Lam Research were worth $5,256,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. Van ECK Associates Corp lifted its holdings in Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock valued at $4,805,368,000 after acquiring an additional 8,922,854 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Lam Research in the 2nd quarter worth approximately $3,777,585,000. Corient Private Wealth LLC grew its stake in shares of Lam Research by 235.5% in the 4th quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock worth $890,040,000 after purchasing an additional 3,649,553 shares during the last quarter. J. Stern & Co. LLP grew its stake in shares of Lam Research by 3,826.9% in the 4th quarter. J. Stern & Co. LLP now owns 3,459,377 shares of the semiconductor company’s stock worth $592,176,000 after purchasing an additional 3,371,283 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Lam Research by 296.9% in the 1st quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company’s stock worth $720,740,000 after purchasing an additional 2,523,351 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors.

Insider Activity at Lam Research

In related news, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the sale, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This represents a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Price Performance

NASDAQ LRCX opened at $286.92 on Thursday. The stock’s 50-day moving average price is $310.54 and its two-hundred day moving average price is $307.88. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The company has a market cap of $359.06 billion, a PE ratio of 49.81, a PEG ratio of 1.19 and a beta of 1.85. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company had revenue of $6.72 billion during the quarter, compared to analyst estimates of $6.66 billion. During the same period in the prior year, the firm earned $1.33 earnings per share. The business’s quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, analysts predict that Lam Research Corporation will post 9.34 EPS for the current year.

Lam Research Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were given a $0.33 dividend. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. Lam Research’s payout ratio is currently 22.92%.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent research reports. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. Stifel Nicolaus raised their target price on shares of Lam Research from $325.00 to $425.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $320.00 price target on shares of Lam Research in a research report on Thursday, July 30th. Rothschild & Co Redburn upped their price target on Lam Research from $305.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 17th. Finally, Evercore reiterated an “outperform” rating and set a $355.00 price objective on shares of Lam Research in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $364.59.

Trending Headlines about Lam Research

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

• Positive Sentiment: Analysts’ consensus price target implies approximately 25.6% upside from recent levels. While price targets alone have limited predictive value, upward revisions to earnings estimates could support the stock if they continue. Wall Street Analysts See a 25.6% Upside in Lam Research
• Positive Sentiment: Erste Group raised its Lam Research EPS forecasts to $9.40 for fiscal 2027 and $11.99 for fiscal 2028, modestly above its prior estimates. Other recent analyst targets have generally been well above the current trading range, including DBS Bank’s $416 target. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Lam Research is scheduled to report earnings on Wednesday. Its latest quarterly results exceeded analyst expectations, with revenue up 30% year over year, and management provided strong forward guidance, giving investors a potential near-term catalyst. Lam Research Set to Post Earnings on Wednesday
• Neutral Sentiment: Institutional ownership data showed more funds adding than reducing LRCX positions in the latest quarter, including large purchases reported by JPMorgan, Invesco and T. Rowe Price. However, such filings are backward-looking and may not reflect current positioning.
• Negative Sentiment: LRCX declined for a seventh consecutive session as investors took profits across semiconductor-equipment shares. Applied Materials, Lam Research and KLA all weakened amid concerns that AI-related valuations had risen too far and ahead of important industry earnings. Semiconductor Equipment Stocks Slide as Investors Take Profits
• Negative Sentiment: Recent insider activity has consisted entirely of reported sales, including transactions by executives, which may add to investor caution. The broader sector selloff appears to be the primary immediate pressure rather than a new Lam-specific operational setback. Why Lam Research Stock Is Down

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.