QRG Capital Management Inc. Sells 296,191 Shares of Lam Research Corporation $LRCX

QRG Capital Management Inc. decreased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 55.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,261 shares of the semiconductor company’s stock after selling 296,191 shares during the period. QRG Capital Management Inc.’s holdings in Lam Research were worth $31,368,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Evergreen Capital Management LLC boosted its position in Lam Research by 21.3% in the third quarter. Evergreen Capital Management LLC now owns 12,563 shares of the semiconductor company’s stock valued at $1,685,000 after buying an additional 2,204 shares during the last quarter. Scott & Selber Inc. acquired a new stake in Lam Research during the 3rd quarter valued at approximately $6,365,000. Leavell Investment Management Inc. boosted its holdings in shares of Lam Research by 3.6% in the 3rd quarter. Leavell Investment Management Inc. now owns 27,485 shares of the semiconductor company’s stock valued at $3,687,000 after acquiring an additional 951 shares during the last quarter. Pinnacle Financial Partners Inc increased its stake in shares of Lam Research by 52.7% in the third quarter. Pinnacle Financial Partners Inc now owns 4,619 shares of the semiconductor company’s stock worth $618,000 after acquiring an additional 1,595 shares during the period. Finally, Csenge Advisory Group purchased a new position in shares of Lam Research during the third quarter worth $214,000. Institutional investors own 84.61% of the company’s stock.

Lam Research News Summary

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

• Positive Sentiment: TSMC’s $52–$56 billion 2026 CapEx roadmap is highlighted as a direct driver of equipment demand for 2nm/3D chip builds — Lam Research is named specifically for cryogenic etching used in vertical stacking. The $56 Billion Draft: Follow TSMC’s CapEx Stream
• Positive Sentiment: Coverage highlighting TSMC’s $56B AI bet lists Lam among the primary beneficiaries, reinforcing the narrative that foundry CapEx flows directly to equipment suppliers. TSMC’s $56B AI Bet Just Made These 3 Stocks Millionaire Makers
• Positive Sentiment: Multiple sell‑side firms (Wells Fargo, RBC, Stifel, BofA, Rothschild/Redburn) raised ratings and price targets — several to ~$245–$250 — signaling stronger consensus forward estimates and supporting a higher valuation. Wells Fargo upgrade / The Fly
• Positive Sentiment: Industry press (Barron’s, Seeking Alpha) links broad chip-stock strength to TSMC’s spending — reinforcing sector momentum that benefits Lam as an essential equipment vendor. ASML, Lam Research, Applied Materials Surge
• Positive Sentiment: Analyst research/upgrades (Seeking Alpha write-up and Zacks pieces) increase earnings and free-cash-flow expectations based on a wafer‑fab-equipment (WFE) “supercycle,” which supports upward revisions to LRCX valuation models. Lam Research: Why The WFE Supercycle Changes The Valuation (Rating Upgrade)
• Neutral Sentiment: Momentum and style-score stories (Zacks) reiterate LRCX’s growth traits — useful for investor positioning but less likely to move price than large-capital orders or formal guidance changes. Here’s Why Lam Research (LRCX) is a Strong Growth Stock

Insider Activity

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total transaction of $6,036,048.00. Following the sale, the chief financial officer owned 987,237 shares of the company’s stock, valued at approximately $148,677,892.20. This trade represents a 3.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 9,010 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the completion of the transaction, the insider owned 56,786 shares of the company’s stock, valued at approximately $8,942,091.42. The trade was a 13.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 50,418 shares of company stock worth $7,667,305. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on LRCX. BNP Paribas Exane lifted their price objective on Lam Research from $80.00 to $140.00 and gave the company a “neutral” rating in a research note on Thursday, October 23rd. HSBC lifted their target price on shares of Lam Research from $127.00 to $181.00 and gave the company a “hold” rating in a report on Friday, January 9th. Cowen restated a “buy” rating on shares of Lam Research in a research report on Thursday, October 23rd. Wells Fargo & Company set a $250.00 price objective on shares of Lam Research and gave the stock an “overweight” rating in a research report on Thursday. Finally, Royal Bank Of Canada set a $260.00 price target on Lam Research in a research note on Wednesday. Twenty-eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $189.55.

Lam Research Stock Performance

NASDAQ LRCX opened at $222.96 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The stock’s fifty day moving average is $171.60 and its two-hundred day moving average is $136.98. The firm has a market capitalization of $280.04 billion, a P/E ratio of 49.11, a price-to-earnings-growth ratio of 2.50 and a beta of 1.77. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $229.57.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a net margin of 29.66% and a return on equity of 60.60%. The business’s revenue for the quarter was up 27.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.86 EPS. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 3rd were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s payout ratio is presently 22.91%.

Lam Research Company 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.