Lam Research Corporation $LRCX Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 10.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 424,777 shares of the semiconductor company’s stock after selling 52,166 shares during the quarter. Lam Research comprises about 0.8% of Pinnacle Associates Ltd.’s investment portfolio, making the stock its 25th biggest position. Pinnacle Associates Ltd.’s holdings in Lam Research were worth $56,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gilliland Jeter Wealth Management LLC raised its holdings in shares of Lam Research by 0.3% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 26,501 shares of the semiconductor company’s stock valued at $3,548,000 after buying an additional 69 shares during the period. Gold Investment Management Ltd. grew its position in Lam Research by 0.5% in the third quarter. Gold Investment Management Ltd. now owns 14,736 shares of the semiconductor company’s stock valued at $1,973,000 after acquiring an additional 70 shares in the last quarter. Hemington Wealth Management raised its stake in shares of Lam Research by 4.3% during the third quarter. Hemington Wealth Management now owns 1,731 shares of the semiconductor company’s stock valued at $231,000 after purchasing an additional 72 shares during the period. Magnus Financial Group LLC boosted its stake in shares of Lam Research by 0.3% in the third quarter. Magnus Financial Group LLC now owns 22,838 shares of the semiconductor company’s stock valued at $3,058,000 after purchasing an additional 76 shares during the period. Finally, Addison Advisors LLC grew its holdings in Lam Research by 2.8% during the 3rd quarter. Addison Advisors LLC now owns 2,857 shares of the semiconductor company’s stock valued at $383,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director directly owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Douglas R. Bettinger sold 50,057 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares of the company’s stock, valued at approximately $242,334,371.15. This trade represents a 4.42% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 130,886 shares of company stock worth $29,658,802 in the last 90 days. 0.31% of the stock is currently owned by company insiders.

Lam Research Stock Performance

Lam Research stock opened at $199.33 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $256.68. The company has a fifty day moving average price of $220.95 and a two-hundred day moving average price of $169.23. The company has a market cap of $248.92 billion, a PE ratio of 40.85, a P/E/G ratio of 2.14 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the company earned $0.91 earnings per share. The firm’s revenue was up 22.1% compared to the same quarter last year. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. Lam Research’s dividend payout ratio is 21.31%.

Analyst Ratings Changes

LRCX has been the topic of a number of recent analyst reports. Summit Insights upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. KeyCorp reissued a “sector weight” rating on shares of Lam Research in a report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on Lam Research from $260.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $320.00 price target (up from $265.00) on shares of Lam Research in a research note on Thursday, January 29th. Finally, Stifel Nicolaus upped their price target on shares of Lam Research from $250.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $245.19.

Lam Research News Roundup

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

• Positive Sentiment: Analyst price targets signal meaningful upside — consensus targets imply roughly ~25% upside, supporting a bullish case that continued AI/foundry demand and upward earnings revisions could drive gains. Read More.
• Positive Sentiment: Technical setup is constructive — LRCX recently crossed above its 50‑day moving average and hit an intraday high after a key trading signal, which can attract momentum buying. Read More.
• Positive Sentiment: Fundamentals remain supportive — Lam posted a recent quarterly beat with strong margins and guidance that underline exposure to wafer‑processing demand for AI and advanced nodes, attracting institutional interest. Read More.
• Neutral Sentiment: Increased media coverage and valuation debate — multiple “too late to buy?” and review pieces raise visibility and spark discussion on whether the current run already prices growth; useful context but not an immediate catalyst. Read More.
• Negative Sentiment: Large insider selling has spooked investors — CFO Douglas Bettinger sold ~50,057 shares (~$11M) and other insiders (including Ava Harter) reported additional sales; while such sales can be for diversification or tax planning, they often trigger near‑term selling pressure. Read More.
• Negative Sentiment: Sector/geo‑political risks and rising energy costs — reports highlight higher operating costs for customer fabs and potential supply‑chain disruptions tied to geopolitical tensions, a near‑term risk driver that has contributed to the pullback. Read More.

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.