California State Teachers Retirement System Lowers Stock Holdings in Lam Research Corporation $LRCX

California State Teachers Retirement System lowered its stake in Lam Research Corporation (NASDAQ:LRCX) by 2.8% during the first quarter, HoldingsChannel reports. The firm owned 1,922,942 shares of the semiconductor company’s stock after selling 54,391 shares during the quarter. California State Teachers Retirement System’s holdings in Lam Research were worth $410,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. State Street Corp lifted its holdings in shares of Lam Research by 0.4% during the third quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company’s stock worth $8,024,684,000 after purchasing an additional 265,805 shares during the period. Geode Capital Management LLC increased its stake in Lam Research by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 33,747,368 shares of the semiconductor company’s stock valued at $5,764,117,000 after buying an additional 126,613 shares during the period. Invesco Ltd. increased its stake in Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock valued at $3,906,559,000 after buying an additional 1,638,406 shares during the period. Norges Bank purchased a new position in Lam Research during the 4th quarter worth $3,645,427,000. Finally, Price T Rowe Associates Inc. MD raised its position in Lam Research by 352.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,695,210 shares of the semiconductor company’s stock worth $2,344,347,000 after buying an additional 10,666,540 shares during the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on LRCX shares. Sanford C. Bernstein raised their target price on shares of Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Bank of America boosted their price target on shares of Lam Research from $330.00 to $480.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Morgan Stanley increased their price target on shares of Lam Research from $331.00 to $404.00 and gave the stock an “overweight” rating in a report on Monday, July 6th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $450.00 price objective (up from $365.00) on shares of Lam Research in a report on Monday, June 22nd. Finally, Stifel Nicolaus lifted their price objective on Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $363.37.

Lam Research Stock Down 7.5%

Shares of NASDAQ LRCX opened at $269.61 on Wednesday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. Lam Research Corporation has a 52 week low of $90.93 and a 52 week high of $438.50. The firm has a 50-day moving average price of $341.94 and a 200 day moving average price of $275.43. The stock has a market capitalization of $337.17 billion, a price-to-earnings ratio of 50.87, a price-to-earnings-growth ratio of 1.73 and a beta of 1.80.

Lam Research Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, June 17th. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.

Insider Transactions at Lam Research

In related news, Director Eric Brandt sold 54,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director directly owned 199,205 shares of the company’s stock, valued at $69,881,114. This trade represents a 21.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president directly owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. This represents a 11.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 98,611 shares of company stock valued at $32,250,190 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Trending Headlines about Lam Research

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

• Positive Sentiment: AI data-center construction and increased memory spending are supporting demand for Lam Research’s wafer-fabrication equipment. The company’s prior quarter included $5.84 billion in revenue and record non-GAAP EPS of $1.47, which exceeded estimates by 8.1%. Lam Research Rose on AI Data Center and Memory Spending
• Positive Sentiment: Analysts and market commentary remain constructive on semiconductor capital spending, with AI-related investment and memory demand viewed as important growth drivers for Lam Research heading into earnings. Lam Research to Report Q4 Results Amid Robust AI-Driven Semiconductor Spending
• Neutral Sentiment: Lam Research is scheduled to report fiscal fourth-quarter results after the market closes on July 29. Investors will likely watch revenue, earnings, memory-equipment demand and management’s outlook for continued AI-related spending. Earnings To Watch: Lam Research Reports Q2 Results Tomorrow
• Negative Sentiment: Chip stocks were among the market’s weakest performers during the latest session, placing pressure on Lam Research despite its favorable industry outlook. The upcoming earnings release also creates near-term volatility and disappointment risk, particularly after a strong AI-led rally. Most Stocks Are Higher Despite the S&P 500’s Reversal

About Lam Research

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.