Lam Research Corporation $LRCX Shares Sold by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan lessened its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 14.6% in the second quarter, Holdings Channel.com reports. The fund owned 103,446 shares of the semiconductor company’s stock after selling 17,680 shares during the quarter. Lam Research comprises approximately 1.6% of Canada Post Corp Registered Pension Plan’s holdings, making the stock its 13th largest position. Canada Post Corp Registered Pension Plan’s holdings in Lam Research were worth $44,826,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LRCX. Brighton Jones LLC grew its position in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after buying an additional 12,936 shares in the last quarter. Caxton Associates LLP acquired a new position in Lam Research during the 1st quarter valued at about $239,000. Gabelli Funds LLC purchased a new stake in Lam Research during the second quarter valued at about $253,000. NewEdge Advisors LLC raised its holdings in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock worth $9,785,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. lifted its holdings in Lam Research by 5,206.7% in the 2nd quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on LRCX shares. Berenberg Bank upped their price objective on shares of Lam Research from $265.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Sunday, May 10th. B. Riley Financial decreased their target price on Lam Research from $385.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Evercore restated an “outperform” rating and set a $355.00 price objective on shares of Lam Research in a research note on Monday, July 20th. Finally, Citigroup reissued a “buy” rating and set a $450.00 target price (up from $315.00) on shares of Lam Research in a research note on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and an average target price of $358.47.

Insider Activity

In other news, Director Abhijit Y. Talwalkar sold 18,282 shares of the 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 approximately $29,192,570. This represents a 17.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This trade represents a 11.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 80,441 shares of company stock worth $27,614,296 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Down 1.4%

LRCX stock opened at $332.36 on Friday. Lam Research Corporation has a 1-year low of $94.11 and a 1-year high of $438.50. The company’s 50 day moving average is $339.46 and its 200 day moving average is $283.14. The stock has a market cap of $415.89 billion, a price-to-earnings ratio of 57.70, a price-to-earnings-growth ratio of 1.34 and a beta of 1.84. 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 (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (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 firm had revenue of $6.72 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the company earned $1.33 earnings per share. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Sell-side analysts predict that Lam Research Corporation will post 9.32 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.3%. Lam Research’s dividend payout ratio (DPR) is currently 18.06%.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam Research plans to increase R&D experiment capacity by more than 50% across facilities in the United States, Asia and Europe. Management says the investment should accelerate product development and help customers address increasingly complex AI-chip architectures, materials and nanoscale manufacturing requirements. Reuters article
• Positive Sentiment: Investors are viewing Lam’s expertise in etching, including next-generation atomic-layer etching, as a potentially valuable competitive advantage as AI-driven semiconductor production requires greater manufacturing precision. The company’s recent rebound has renewed optimism that its technology could benefit from a longer-term equipment upcycle. 247WallSt article
• Positive Sentiment: SanDisk’s bullish multiyear financial targets have strengthened expectations for memory-industry capital spending through 2030, supporting demand prospects for semiconductor equipment suppliers such as Lam Research. SanDisk financial targets article
• Neutral Sentiment: Polen Capital identified LRCX as a top performer in its Focus Growth portfolio, while Zacks continues to highlight the stock’s long-term earnings outlook. These endorsements may support sentiment but do not represent new company guidance or guaranteed returns. Polen Capital article
• Negative Sentiment: The R&D expansion requires substantial spending over several years, creating execution and return-on-investment risks. Lam also trades at a relatively elevated valuation after a sharp recovery, leaving the stock vulnerable to profit-taking and concerns that the semiconductor cycle may be approaching a peak.

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.