4,000 Lam Research Corporation $LRCX Shares Sold by Viking Fund Management LLC

Viking Fund Management LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 20.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,000 shares of the semiconductor company’s stock after selling 4,000 shares during the quarter. Viking Fund Management LLC’s holdings in Lam Research were worth $5,256,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LRCX. State Street Corp lifted its stake in Lam Research by 2.6% in the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock valued at $26,320,468,000 after buying an additional 1,545,830 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Lam Research by 5.5% during the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after acquiring an additional 584,489 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock valued at $4,805,368,000 after acquiring an additional 8,922,854 shares during the period. Invesco Ltd. grew its position in shares of Lam Research by 7.7% during the fourth quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after acquiring an additional 1,638,406 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Lam Research during the second quarter worth about $3,777,585,000. 84.61% of the stock is currently owned by institutional investors.

Lam Research News Summary

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

• Positive Sentiment: Analysts’ consensus price target implies approximately 25.6% upside from recent levels. While price targets alone have limited predictive value, upward revisions to earnings estimates could support the stock if they continue. Wall Street Analysts See a 25.6% Upside in Lam Research
• Positive Sentiment: Erste Group raised its Lam Research EPS forecasts to $9.40 for fiscal 2027 and $11.99 for fiscal 2028, modestly above its prior estimates. Other recent analyst targets have generally been well above the current trading range, including DBS Bank’s $416 target. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Lam Research is scheduled to report earnings on Wednesday. Its latest quarterly results exceeded analyst expectations, with revenue up 30% year over year, and management provided strong forward guidance, giving investors a potential near-term catalyst. Lam Research Set to Post Earnings on Wednesday
• Neutral Sentiment: Institutional ownership data showed more funds adding than reducing LRCX positions in the latest quarter, including large purchases reported by JPMorgan, Invesco and T. Rowe Price. However, such filings are backward-looking and may not reflect current positioning.
• Negative Sentiment: LRCX declined for a seventh consecutive session as investors took profits across semiconductor-equipment shares. Applied Materials, Lam Research and KLA all weakened amid concerns that AI-related valuations had risen too far and ahead of important industry earnings. Semiconductor Equipment Stocks Slide as Investors Take Profits
• Negative Sentiment: Recent insider activity has consisted entirely of reported sales, including transactions by executives, which may add to investor caution. The broader sector selloff appears to be the primary immediate pressure rather than a new Lam-specific operational setback. Why Lam Research Stock Is Down

Lam Research Price Performance

Shares of LRCX opened at $286.92 on Thursday. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50. The stock’s fifty day moving average is $310.54 and its 200-day moving average is $307.88. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The firm has a market capitalization of $359.06 billion, a price-to-earnings ratio of 49.81, a price-to-earnings-growth ratio of 1.19 and a beta of 1.85.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings data on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The company’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Equities analysts anticipate that Lam Research Corporation will post 9.34 EPS for the current year.

Lam Research Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were given a dividend of $0.33 per share. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. The ex-dividend date was Wednesday, September 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.5%. Lam Research’s payout ratio is presently 22.92%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Susquehanna reaffirmed a “positive” rating and issued a $475.00 price objective (up from $385.00) on shares of Lam Research in a report on Tuesday, June 30th. Evercore reissued an “outperform” rating and set a $355.00 target price on shares of Lam Research in a research note on Monday, July 20th. Citigroup restated a “buy” rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a research report on Wednesday, June 17th. Mizuho decreased their target price on shares of Lam Research from $370.00 to $365.00 and set an “outperform” rating for the company in a research report on Tuesday, August 25th. Finally, Jefferies Financial Group set a $335.00 price target on shares of Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $364.59.

Insider Transactions at Lam Research

In other news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ava Harter sold 5,000 shares of the stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This trade represents a 10.53% 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. 0.31% of the stock is currently owned by insiders.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.