Lam Research Corporation $LRCX Stock Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC decreased its position in Lam Research Corporation (NASDAQ:LRCX) by 37.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,941 shares of the semiconductor company’s stock after selling 65,806 shares during the period. Lam Research comprises approximately 2.4% of Smith Group Asset Management LLC’s portfolio, making the stock its 17th biggest holding. Smith Group Asset Management LLC’s holdings in Lam Research were worth $36,117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. AMI Investment Management Inc. bought a new stake in Lam Research in the 3rd quarter valued at about $259,000. William Mack & Associates Inc. bought a new position in Lam Research during the third quarter worth about $25,000. Victory Financial Group LLC boosted its position in Lam Research by 4.3% during the third quarter. Victory Financial Group LLC now owns 4,820 shares of the semiconductor company’s stock worth $1,583,000 after purchasing an additional 198 shares during the period. Willow Creek Wealth Management Inc. bought a new position in Lam Research during the third quarter worth about $405,000. Finally, Great Lakes Retirement Inc. increased its stake in shares of Lam Research by 4.9% in the third quarter. Great Lakes Retirement Inc. now owns 2,373 shares of the semiconductor company’s stock worth $780,000 after purchasing an additional 110 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the topic of several research reports. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. UBS Group reissued a “buy” rating and set a $400.00 target price (down from $425.00) on shares of Lam Research in a report on Thursday, October 22nd. Wall Street Zen raised shares of Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. B. Riley Financial increased their target price on Lam Research from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Finally, Morgan Stanley set a $339.00 price target on Lam Research and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Twenty-six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus target price of $360.23.

Insider Activity at Lam Research

In other news, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider directly owned 42,462 shares in the company, valued at $12,843,056.52. The trade was a 10.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.31% of the company’s stock.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Strong earnings and outlook: Lam Research reported quarterly revenue of $8.22 billion, up sharply from the prior year and ahead of analyst expectations. Earnings per share also exceeded consensus, while management projected approximately $8.60 billion in revenue and about $2.33 in EPS for the December quarter, signaling continued demand. Lam Research Gains as Strong Earnings and a Chip-Sector Rebound Support Shares
• Positive Sentiment: Foundry momentum: Foundry revenue reached a record in fiscal first-quarter 2027, with foundry accounting for 46% of Systems revenue, up from 44% in the previous quarter. This supports the view that advanced-node manufacturing and rising chip complexity are driving equipment purchases. Lam Research Sees Record Foundry Sales
• Positive Sentiment: Industry tailwinds and valuation appeal: SK Hynix’s long-term memory shortage outlook suggests years of potential fab construction, while analysts and research services view LRCX as more attractive after its recent selloff. Several published price targets remain well above the current trading level.
• Neutral Sentiment: Institutional positioning was mixed: many funds added shares, but others reduced holdings. This indicates continued investor interest alongside ongoing uncertainty about semiconductor-cycle durability.
• Negative Sentiment: Recent volatility and insider selling: LRCX remains well below its recent high after concerns about AI spending and valuation triggered a sharp pullback. Reported insider activity over the past six months consisted entirely of sales, which may reinforce near-term caution.

Lam Research Trading Up 5.4%

Shares of LRCX opened at $253.82 on Thursday. The business’s 50-day moving average price is $296.95 and its 200-day moving average price is $283.50. Lam Research Corporation has a twelve month low of $135.50 and a twelve month high of $438.50. The stock has a market cap of $317.06 billion, a PE ratio of 37.83, a P/E/G ratio of 0.86 and a beta of 1.85. The company has a quick ratio of 1.86, a current ratio of 2.48 and a debt-to-equity ratio of 0.27.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The firm had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The company’s revenue for the quarter was up 54.4% on a year-over-year basis. On average, equities analysts forecast that Lam Research Corporation will post 9.59 EPS for the current fiscal year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were issued a dividend of $0.33 per share. This is a boost from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. Lam Research’s payout ratio is currently 19.67%.

Lam Research Profile

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.