Lam Research Corporation $LRCX Shares Acquired by Varma Mutual Pension Insurance Co

Varma Mutual Pension Insurance Co raised its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 258,830 shares of the semiconductor company’s stock after purchasing an additional 20,800 shares during the period. Varma Mutual Pension Insurance Co’s holdings in Lam Research were worth $34,657,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mitchell Capital Management Co. purchased a new position in shares of Lam Research in the 3rd quarter worth $320,000. Savvy Advisors Inc. grew its position in Lam Research by 3.5% during the third quarter. Savvy Advisors Inc. now owns 6,875 shares of the semiconductor company’s stock valued at $921,000 after acquiring an additional 231 shares during the period. LSV Asset Management increased its stake in Lam Research by 31.9% during the third quarter. LSV Asset Management now owns 126,948 shares of the semiconductor company’s stock worth $16,998,000 after acquiring an additional 30,668 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Lam Research by 39.4% in the 3rd quarter. Cibc World Market Inc. now owns 366,854 shares of the semiconductor company’s stock worth $49,122,000 after purchasing an additional 103,688 shares during the period. Finally, Caprock Group LLC purchased a new position in Lam Research in the third quarter valued at approximately $7,112,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on LRCX shares. Wall Street Zen cut Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. The Goldman Sachs Group set a $262.00 price objective on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, January 29th. Dbs Bank lifted their target price on Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $290.00 price objective (up previously from $260.00) on shares of Lam Research in a research report on Thursday, January 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $265.00 target price on shares of Lam Research in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $244.88.

Lam Research Stock Performance

NASDAQ:LRCX opened at $235.12 on Thursday. The company has a 50-day moving average of $198.74 and a 200-day moving average of $153.46. The firm has a market cap of $293.61 billion, a price-to-earnings ratio of 48.18, a price-to-earnings-growth ratio of 2.43 and a beta of 1.78. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $251.87.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Insiders Place Their Bets

In related news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the completion of the transaction, the chief financial officer owned 987,237 shares in the company, valued at $148,677,892.20. This trade represents a 3.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director directly owned 253,705 shares in the company, valued at $57,235,848. This represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.31% of the company’s stock.

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.