Lam Research Corporation $LRCX Stake Lowered by M&G PLC

M&G PLC lowered its holdings in Lam Research Corporation (NASDAQ:LRCX) by 26.4% in the third quarter, HoldingsChannel reports. The firm owned 22,830 shares of the semiconductor company’s stock after selling 8,205 shares during the period. M&G PLC’s holdings in Lam Research were worth $7,511,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. AlphaCore Capital LLC grew its position in shares of Lam Research by 7.5% during the third quarter. AlphaCore Capital LLC now owns 12,936 shares of the semiconductor company’s stock worth $4,254,000 after buying an additional 903 shares in the last quarter. Leuthold Group LLC increased its stake in shares of Lam Research by 9.7% in the third quarter. Leuthold Group LLC now owns 21,616 shares of the semiconductor company’s stock worth $7,101,000 after buying an additional 1,914 shares during the last quarter. Retirement Systems of Alabama raised its holdings in Lam Research by 18.6% in the third quarter. Retirement Systems of Alabama now owns 311,528 shares of the semiconductor company’s stock valued at $102,340,000 after acquiring an additional 48,811 shares in the last quarter. Fulcrum Asset Management LLP raised its holdings in Lam Research by 148.5% in the third quarter. Fulcrum Asset Management LLP now owns 21,206 shares of the semiconductor company’s stock valued at $6,868,000 after acquiring an additional 12,672 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Lam Research by 17.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 700,385 shares of the semiconductor company’s stock valued at $238,201,000 after acquiring an additional 102,283 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Transactions at Lam Research

In other news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the transaction, the insider directly owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 dated 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 sale, the director directly owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 14,573 shares of company stock worth $4,523,606. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on LRCX shares. Berenberg Bank set a $420.00 price objective on shares of Lam Research in a report on Wednesday, September 9th. Morgan Stanley set a $339.00 target price on shares of Lam Research and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. Bank of America restated a “buy” rating and issued a $345.00 target price on shares of Lam Research in a research note on Thursday, October 22nd. Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Finally, Citigroup reiterated a “buy” rating and issued a $435.00 price target (down from $450.00) on shares of Lam Research in a research note on Thursday, October 22nd. Twenty-six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $357.57.

Trending Headlines about Lam Research

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

• Positive Sentiment: Lam’s gross margin reached a record 52.4% in Q1 2027, supported by strong demand and a favorable product mix. This points to strong profitability, though supply constraints could limit further improvement. Lam Research’s Gross Margin Hits 52.4%: Can it Climb Further?
• Positive Sentiment: Recent coverage cited a $25 billion buyback plan, along with AI-related demand and strong earnings, as support for investor interest in the shares. LRCX Gains 8% on a $25B Buyback Plan
• Positive Sentiment: Analyst coverage remains bullish on Lam, while broader investment in high-bandwidth memory capacity could create additional demand for semiconductor manufacturing equipment. Analysts Are Bullish on Top Technology Stocks The Next AI Chip Shortage May Be the Machines That Make HBM
• Neutral Sentiment: Lam appointed longtime employee Kim Tae-won to lead its Korean operations, a region important to the company’s relationships with major chipmakers. The announcement may support execution but provides no immediate financial forecast. Lam Research Names Kim Tae Won To Lead Korea Operations
• Negative Sentiment: ETFs were net sellers of $143.1 million of LRCX shares on Nov. 6, indicating some institutional selling pressure. ETFs Are Net Sellers of Lam Research

Lam Research Stock Performance

LRCX stock opened at $222.39 on Wednesday. The stock’s 50 day simple moving average is $281.18 and its 200 day simple moving average is $283.65. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The firm has a market cap of $277.80 billion, a P/E ratio of 33.14, a P/E/G ratio of 0.82 and a beta of 1.97. The company has a current ratio of 2.48, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. The firm had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The firm’s revenue was up 54.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.26 earnings per share. As a group, equities research analysts predict that Lam Research Corporation will post 9.60 EPS for the current year.

Lam Research declared that its board has approved a stock buyback plan on Thursday, November 5th that authorizes the company to buy back $25 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 9% of its stock through open market purchases. Share buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 2nd. Lam Research’s dividend payout ratio (DPR) is presently 19.67%.

About Lam Research

Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits. The company’s wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations. Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.