Insider Selling: Lam Research (NASDAQ:LRCX) Director Sells $3,007,970.18 in Stock

Lam Research Corporation (NASDAQ:LRCX) Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction 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 sale, the director owned 20,995 shares of the company’s stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Lam Research Stock Performance

LRCX traded down $15.84 on Thursday, reaching $300.00. The stock had a trading volume of 3,484,669 shares, compared to its average volume of 10,844,180. The company has a market cap of $375.39 billion, a P/E ratio of 52.10, a price-to-earnings-growth ratio of 1.27 and a beta of 1.85. Lam Research Corporation has a 12-month low of $108.29 and a 12-month high of $438.50. The business’s 50-day moving average price is $315.51 and its two-hundred day moving average price is $293.41. 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 announced its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a return on equity of 67.60% and a net margin of 31.27%.The company had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. During the same quarter last year, the firm posted $1.33 EPS. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Sell-side analysts forecast that Lam Research Corporation will post 9.33 earnings per share for the current 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 issued a dividend of $0.33 per share. This is a boost from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 23rd. Lam Research’s dividend payout ratio is 18.06%.

More Lam Research News

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

• Positive Sentiment: Strong memory-market exposure: Global wafer-fabrication-equipment spending is projected to increase 16.9% to $135.2 billion in 2026, with DRAM and NAND investment growing particularly quickly as artificial intelligence drives demand for high-bandwidth memory, advanced DRAM and enterprise storage. Lam Research is viewed as one of the equipment companies best positioned for this memory expansion. 3 Chip Equipment Stocks Set to Win the Memory Boom
• Positive Sentiment: Shareholder returns remain supportive: Lam Research reportedly returned $5.12 billion to shareholders in fiscal 2026, helped by buybacks and a 27% dividend increase. The capital-return program may reinforce investor confidence in cash generation, although it is unlikely to offset day-to-day market pressure by itself. Lam Research Returns $5B+ to Shareholders in FY26
• Positive Sentiment: Long-term analyst and investor support: Recent articles continue to describe LRCX as a wide-moat semiconductor-equipment company benefiting from durable AI and memory trends. Analysts generally view the shares favorably, while the company’s latest reported quarter exceeded consensus earnings and revenue expectations.
• Neutral Sentiment: Investor focus remains on management commentary: Lam Research’s appearance at Citi’s Global TMT Conference could provide additional insight into customer spending, memory demand and the equipment cycle, but the available coverage does not identify a new guidance change or material surprise. Lam Research Presents at Citi’s 2026 Global TMT Conference
• Negative Sentiment: Valuation and market volatility are likely weighing on the stock: LRCX recently underperformed the broader market during a down session. Macro uncertainty, inflation concerns, Federal Reserve policy-transition risk and potential profit-taking after a strong run may be pressuring the shares despite favorable industry fundamentals.
• Negative Sentiment: Several clinical-study articles appear unrelated: Reports about chest remodeling, filler removal, vein health and imaging-guided surgery were incorrectly attributed to Lam Research and do not describe the semiconductor-equipment company. They should not be treated as investment catalysts or risks for LRCX.

Institutional Investors Weigh In On Lam Research

Several large investors have recently made changes to their positions in LRCX. Brighton Jones LLC raised its stake in Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock valued at $1,025,000 after acquiring an additional 12,936 shares during the period. Caxton Associates LLP bought a new stake in shares of Lam Research in the first quarter worth $239,000. Gabelli Funds LLC bought a new position in Lam Research during the second quarter worth $253,000. NewEdge Advisors LLC increased its stake in shares of Lam Research by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company’s stock valued at $9,785,000 after acquiring an additional 2,661 shares in the last quarter. Finally, Osterweis Capital Management Inc. lifted its holdings in shares of 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 in the last quarter. Institutional investors own 84.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on LRCX. TD Cowen reaffirmed a “buy” rating and set a $400.00 price objective (up from $340.00) on shares of Lam Research in a research note on Thursday, July 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price target (up from $330.00) on shares of Lam Research in a report on Monday, June 15th. Sanford C. Bernstein lifted their price target on Lam Research from $325.00 to $340.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Finally, Rothschild & Co Redburn lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $361.81.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that develops and manufactures systems used in the fabrication of integrated circuits. Its equipment supports key wafer-processing steps, including deposition, etch, wafer cleaning, and related processes used to create and connect the microscopic features found on semiconductor devices.

The company serves semiconductor manufacturers producing a range of products, including memory, logic, and specialty chips. In addition to manufacturing equipment, Lam Research provides installation, maintenance, spare parts, upgrades, technical support, and other services intended to help customers operate and improve their fabrication facilities.

Founded in 1980, Lam Research is headquartered in Fremont, California, and serves customers through a global network of offices, engineering facilities, and support operations.