8,205 Lam Research Corporation $LRCX Shares Sold by M&G PLC

Posted by George Bondi on Nov 11th, 2026

M&G PLC lessened its stake in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 26.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,830 shares of the semiconductor company’s stock after selling 8,205 shares during the quarter. M&G PLC’s holdings in Lam Research were worth $7,511,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in LRCX. AlphaCore Capital LLC raised its holdings in shares of Lam Research by 7.5% in the 3rd quarter. AlphaCore Capital LLC now owns 12,936 shares of the semiconductor company’s stock worth $4,254,000 after purchasing an additional 903 shares during the period. Leuthold Group LLC lifted its stake in shares of Lam Research by 9.7% in the 3rd quarter. Leuthold Group LLC now owns 21,616 shares of the semiconductor company’s stock valued at $7,101,000 after purchasing an additional 1,914 shares in the last quarter. Retirement Systems of Alabama grew its holdings in shares of Lam Research by 18.6% during the 3rd quarter. Retirement Systems of Alabama now owns 311,528 shares of the semiconductor company’s stock worth $102,340,000 after purchasing an additional 48,811 shares during the period. Fulcrum Asset Management LLP grew its holdings in shares of Lam Research by 148.5% during the 3rd quarter. Fulcrum Asset Management LLP now owns 21,206 shares of the semiconductor company’s stock worth $6,868,000 after purchasing an additional 12,672 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Lam Research by 17.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 700,385 shares of the semiconductor company’s stock worth $238,201,000 after purchasing an additional 102,283 shares in the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Ava Harter sold 5,000 shares of Lam Research 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 sale, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. 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, 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 transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 14,573 shares of company stock valued at $4,523,606. 0.31% of the stock is owned by company insiders.

Lam Research Trading Up 0.5%

Shares of LRCX opened at $222.39 on Wednesday. Lam Research Corporation has a 12 month low of $135.50 and a 12 month high of $438.50. The stock’s 50-day moving average is $281.18 and its two-hundred day moving average is $283.65. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86. The stock has a market cap of $277.80 billion, a PE ratio of 33.14, a P/E/G ratio of 0.82 and a beta of 1.97.

Lam Research (NASDAQ:LRCX – Get Free Report) last posted its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.02. The business had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The company’s revenue for the quarter was up 54.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. Equities analysts forecast that Lam Research Corporation will post 9.60 earnings per share for the current fiscal year.

Lam Research announced that its board has initiated a stock buyback program on Thursday, November 5th that permits the company to buy back $25 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 9% of its stock through open market purchases. Share buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, December 2nd. Lam Research’s dividend payout ratio is currently 19.67%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 price target (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Needham & Company LLC decreased their price objective on shares of Lam Research from $390.00 to $290.00 and set a “buy” rating for the company in a research note on Thursday, October 22nd. Fundamental Research set a $390.00 price objective on shares of Lam Research in a research report on Thursday, October 1st. Finally, HSBC reissued a “hold” rating and issued a $333.00 price objective on shares of Lam Research in a research report on Monday, July 27th. Twenty-six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $357.57.

Get Our Latest Research Report on LRCX

Key Lam Research News

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

Positive Sentiment: Lam’s gross margin reached a record 52.4% in Q1 2027, supported by strong demand and a favorable product mix. This points to strong profitability, though supply constraints could limit further improvement. Lam Research’s Gross Margin Hits 52.4%: Can it Climb Further?
Positive Sentiment: Recent coverage cited a $25 billion buyback plan, along with AI-related demand and strong earnings, as support for investor interest in the shares. LRCX Gains 8% on a $25B Buyback Plan
Positive Sentiment: Analyst coverage remains bullish on Lam, while broader investment in high-bandwidth memory capacity could create additional demand for semiconductor manufacturing equipment. Analysts Are Bullish on Top Technology Stocks The Next AI Chip Shortage May Be the Machines That Make HBM
Neutral Sentiment: Lam appointed longtime employee Kim Tae-won to lead its Korean operations, a region important to the company’s relationships with major chipmakers. The announcement may support execution but provides no immediate financial forecast. Lam Research Names Kim Tae Won To Lead Korea Operations
Negative Sentiment: ETFs were net sellers of $143.1 million of LRCX shares on Nov. 6, indicating some institutional selling pressure. ETFs Are Net Sellers of Lam Research

About Lam Research

(Free Report)

Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits. The company’s wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations. Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.