QRG Capital Management Inc. Decreases Stake in Lam Research Corporation $LRCX

QRG Capital Management Inc. trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 55.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,261 shares of the semiconductor company’s stock after selling 296,191 shares during the quarter. QRG Capital Management Inc.’s holdings in Lam Research were worth $31,368,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sava Infond d.o.o. lifted its stake in shares of Lam Research by 3.1% in the 2nd quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock valued at $7,325,000 after acquiring an additional 2,250 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Lam Research by 30.9% in the third quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after purchasing an additional 34,147 shares during the last quarter. Horizon Bancorp Inc. IN bought a new position in shares of Lam Research in the second quarter worth approximately $389,000. Genus Capital Management Inc. purchased a new position in shares of Lam Research in the second quarter worth $14,476,000. Finally, Diversified Trust Co raised its holdings in Lam Research by 34.4% during the 3rd quarter. Diversified Trust Co now owns 31,922 shares of the semiconductor company’s stock valued at $4,274,000 after buying an additional 8,172 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Ava Harter sold 9,010 shares of the stock in a transaction on Monday, October 27th. The stock was sold at an average price of $157.47, for a total transaction of $1,418,804.70. Following the sale, the insider owned 56,786 shares in the company, valued at approximately $8,942,091.42. This represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Bethany Mayer sold 1,298 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total transaction of $207,667.02. Following the completion of the sale, the director directly owned 1,652 shares in the company, valued at $264,303.48. This trade represents a 44.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 50,418 shares of company stock worth $7,667,305 over the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $265.00 price objective (up from $210.00) on shares of Lam Research in a research note on Thursday, January 8th. Morgan Stanley set a $211.00 price target on shares of Lam Research in a research note on Thursday. Evercore ISI increased their price objective on Lam Research from $115.00 to $170.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. New Street Research increased their price target on shares of Lam Research from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, October 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Lam Research from $160.00 to $250.00 and gave the stock a “buy” rating in a report on Wednesday. Twenty-eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.55.

Lam Research News Roundup

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

• Positive Sentiment: TSMC’s $52–$56 billion 2026 CapEx roadmap is highlighted as a direct driver of equipment demand for 2nm/3D chip builds — Lam Research is named specifically for cryogenic etching used in vertical stacking. The $56 Billion Draft: Follow TSMC’s CapEx Stream
• Positive Sentiment: Coverage highlighting TSMC’s $56B AI bet lists Lam among the primary beneficiaries, reinforcing the narrative that foundry CapEx flows directly to equipment suppliers. TSMC’s $56B AI Bet Just Made These 3 Stocks Millionaire Makers
• Positive Sentiment: Multiple sell‑side firms (Wells Fargo, RBC, Stifel, BofA, Rothschild/Redburn) raised ratings and price targets — several to ~$245–$250 — signaling stronger consensus forward estimates and supporting a higher valuation. Wells Fargo upgrade / The Fly
• Positive Sentiment: Industry press (Barron’s, Seeking Alpha) links broad chip-stock strength to TSMC’s spending — reinforcing sector momentum that benefits Lam as an essential equipment vendor. ASML, Lam Research, Applied Materials Surge
• Positive Sentiment: Analyst research/upgrades (Seeking Alpha write-up and Zacks pieces) increase earnings and free-cash-flow expectations based on a wafer‑fab-equipment (WFE) “supercycle,” which supports upward revisions to LRCX valuation models. Lam Research: Why The WFE Supercycle Changes The Valuation (Rating Upgrade)
• Neutral Sentiment: Momentum and style-score stories (Zacks) reiterate LRCX’s growth traits — useful for investor positioning but less likely to move price than large-capital orders or formal guidance changes. Here’s Why Lam Research (LRCX) is a Strong Growth Stock

Lam Research Stock Performance

Shares of LRCX opened at $222.96 on Friday. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $229.57. The business’s fifty day simple moving average is $171.60 and its two-hundred day simple moving average is $136.98. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a market cap of $280.04 billion, a price-to-earnings ratio of 49.11, a P/E/G ratio of 2.50 and a beta of 1.77.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The firm had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the prior year, the firm earned $0.86 EPS. The company’s revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 3rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Wednesday, December 3rd. Lam Research’s payout ratio is 22.91%.

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.