Fjarde AP Fonden Fourth Swedish National Pension Fund Has $61.28 Million Stock Position in Lam Research Corporation $LRCX

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 0.5% during the fourth quarter, Holdings Channel reports. The fund owned 357,960 shares of the semiconductor company’s stock after selling 1,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Lam Research were worth $61,276,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in LRCX. Norges Bank acquired a new position in shares of Lam Research during the 4th quarter worth approximately $3,645,427,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Lam Research by 781.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company’s stock worth $1,518,542,000 after acquiring an additional 10,053,978 shares during the last quarter. Invesco Ltd. grew its holdings in Lam Research by 18.2% in the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company’s stock valued at $2,836,397,000 after buying an additional 3,263,658 shares in the last quarter. California Public Employees Retirement System grew its holdings in Lam Research by 108.7% in the 3rd quarter. California Public Employees Retirement System now owns 4,526,099 shares of the semiconductor company’s stock valued at $606,045,000 after buying an additional 2,356,897 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Lam Research by 138.6% in the 3rd quarter. AQR Capital Management LLC now owns 3,541,230 shares of the semiconductor company’s stock valued at $472,294,000 after buying an additional 2,056,749 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Performance

NASDAQ:LRCX opened at $303.28 on Friday. The stock has a fifty day moving average price of $273.22 and a 200-day moving average price of $226.72. The company has a market cap of $379.27 billion, a price-to-earnings ratio of 57.22, a PEG ratio of 2.79 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. Lam Research Corporation has a fifty-two week low of $85.86 and a fifty-two week high of $346.19.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company’s revenue was up 23.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, equities analysts anticipate that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Wednesday, June 17th. Lam Research’s dividend payout ratio is presently 19.62%.

Insiders Place Their Bets

In related news, SVP Neil J. Fernandes sold 7,659 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total transaction of $2,371,226.40. Following the completion of the sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. This represents a 11.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ava Harter sold 6,010 shares of the company’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the sale, the insider owned 53,205 shares of the company’s stock, valued at approximately $13,762,005.30. This represents a 10.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 31,839 shares of company stock valued at $8,561,667. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on LRCX shares. Wall Street Zen lowered Lam Research from a “buy” rating to a “hold” rating in a report on Sunday, May 10th. Erste Group Bank lowered Lam Research from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Jefferies Financial Group upped their price objective on Lam Research from $285.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Seaport Research Partners started coverage on Lam Research in a report on Monday, May 4th. They issued a “buy” rating and a $300.00 price objective on the stock. Finally, New Street Research upped their price objective on Lam Research from $235.00 to $280.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Twenty-seven analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $303.30.

Key Headlines Impacting Lam Research

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

• Positive Sentiment: Analysts and hedge fund commentary remain constructive on Lam Research, viewing it as a wide-moat leader in semiconductor equipment with meaningful upside potential as chipmakers keep investing in advanced manufacturing. What Do Analysts Say About Lam Research (LRCX)’s Earnings Outlook?
• Positive Sentiment: Investor commentary also points to Lam Research’s growing importance in essential chip manufacturing, reinforcing the view that demand for its tools should stay strong if semiconductor capex continues to rise. Lam Research Corp (LRCX): Increasing Dependence on Essential Chip Manufacturing
• Neutral Sentiment: One bullish article argues Lam Research is still a buy because of its wide moat and leadership position, but it also warns that the stock is trading at a rich valuation, which may limit near-term upside. Lam Research: A Wide-Moat Equipment Leader That I Rate A Buy – Despite A Rich Valuation
• Negative Sentiment: Recent market commentary noted that LRCX slipped even as the broader market rose, suggesting some investors are taking profits after the stock’s strong move higher. Lam Research (LRCX) Stock Slides as Market Rises: Facts to Know Before You Trade

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.