Lam Research Corporation $LRCX Position Lowered by Thurston Springer Miller Herd & Titak Inc.

Posted by Geri Gentry on Oct 14th, 2026

Thurston Springer Miller Herd & Titak Inc. decreased its position in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 66.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 962 shares of the semiconductor company’s stock after selling 1,940 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Lam Research were worth $316,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its holdings 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 worth $26,320,468,000 after purchasing an additional 1,545,830 shares during the period. Bank of America Corp DE boosted its position in shares of Lam Research by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock worth $4,872,426,000 after purchasing an additional 584,489 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after buying an additional 8,922,854 shares during the last quarter. Invesco Ltd. grew its stake in shares of Lam Research by 7.7% in the 4th quarter. Invesco Ltd. now owns 22,821,354 shares of the semiconductor company’s stock worth $3,906,559,000 after buying an additional 1,638,406 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Lam Research in the 2nd quarter worth approximately $3,777,585,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

NASDAQ:LRCX traded down $14.95 during mid-day trading on Wednesday, hitting $286.16. 4,085,764 shares of the company traded hands, compared to its average volume of 10,625,116. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50. The firm has a market cap of $358.10 billion, a price-to-earnings ratio of 49.82, a price-to-earnings-growth ratio of 1.23 and a beta of 1.85. The stock’s fifty day moving average price is $310.95 and its 200-day moving average price is $307.35. The company has a quick ratio of 1.91, a current ratio of 2.63 and a debt-to-equity ratio of 0.30.

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

Lam Research Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be given a dividend of $0.33 per share. This is an increase from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Wednesday, September 23rd. Lam Research’s dividend payout ratio (DPR) is 22.92%.

Insider Buying and Selling

In other Lam Research news, 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 sale, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This trade represents a 10.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the sale, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their position. The SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by insiders.

Lam Research News Summary

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

Positive Sentiment: Analysts see upside potential: The consensus price target implies approximately 25.6% potential appreciation. Zacks notes that rising earnings-estimate revisions could support the stock, although price targets alone have limited predictive value. Wall Street Analysts See a 25.6% Upside in Lam Research
Positive Sentiment: Favorable earnings outlook: Erste Group Bank raised its FY2027 EPS estimate to $9.40 from $9.34 and its FY2028 forecast to $11.99 from $11.68. UBS also expects Lam Research to deliver strong results and guidance, and recent analysis describes a solid FY2027 setup ahead of the report. UBS Expects Strong Results and Guidance
Neutral Sentiment: Earnings are the immediate catalyst: Lam Research is scheduled to report earnings Wednesday. Investors will focus on demand for wafer-fabrication equipment, AI-related semiconductor spending and forward guidance. The company’s latest quarter showed record revenue, operating margin and EPS, with guidance for another strong quarter. Lam Research Set to Post Earnings
Negative Sentiment: Sector-wide profit-taking pressured the stock: Semiconductor-equipment shares, including Lam Research, fell as investors reduced exposure after a strong AI-driven run and reassessed elevated valuations ahead of key industry earnings. The stock also declined for seven consecutive sessions. Semiconductor Equipment Stocks Slide as Investors Take Profits
Negative Sentiment: Insider selling is a secondary concern: Reported insider activity over the past six months showed sales without purchases, including transactions by executives. This may weigh on sentiment, although the broader sector selloff appears to be the primary near-term driver.

Wall Street Analyst Weigh In

LRCX has been the subject of several recent analyst reports. B. Riley Financial lifted their price target on Lam Research from $350.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, October 1st. Morgan Stanley reiterated an “overweight” rating and issued a $385.00 target price (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. Citigroup restated a “buy” rating and issued a $450.00 price objective (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. Jefferies Financial Group set a $335.00 price objective on Lam Research and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Bank of America increased their price objective on shares of Lam Research from $330.00 to $480.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average target price of $364.59.

Read Our Latest Stock Analysis on Lam Research

Lam Research Profile

(Free Report)

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.