Lam Research Corporation $LRCX Shares Sold by First Financial Bankshares Inc

First Financial Bankshares Inc trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 79.9% in the fourth quarter, HoldingsChannel reports. The firm owned 7,197 shares of the semiconductor company’s stock after selling 28,656 shares during the period. First Financial Bankshares Inc’s holdings in Lam Research were worth $1,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LRCX. PMV Capital Advisers LLC acquired a new position in Lam Research during the 4th quarter valued at about $25,000. Stance Capital LLC acquired a new position in Lam Research during the 3rd quarter valued at about $26,000. Triumph Capital Management acquired a new position in Lam Research during the 3rd quarter valued at about $27,000. Core Wealth Advisors LLC acquired a new position in Lam Research during the 4th quarter valued at about $29,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in Lam Research during the 2nd quarter valued at about $29,000. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Trading Up 12.7%

Shares of NASDAQ:LRCX opened at $362.52 on Friday. The company has a 50 day moving average of $283.21 and a 200-day moving average of $232.64. The firm has a market cap of $453.36 billion, a P/E ratio of 68.40, a P/E/G ratio of 2.66 and a beta of 1.85. Lam Research Corporation has a twelve month low of $87.75 and a twelve month high of $364.81. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

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

Lam Research Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a $0.26 dividend. 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 payout ratio is presently 19.62%.

Key Lam Research News

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

• Positive Sentiment: Barclays and other analysts raised price targets on Lam Research after increasing their wafer-fab equipment spending estimates, reinforcing the view that AI infrastructure investment is still running strong and could support more orders for chipmaking tools. Barclays raises price targets on chip stocks after raising WFE estimates
• Positive Sentiment: Lam’s CFO recently lifted the company’s 2026 wafer-fab equipment market forecast to $140 billion, which suggests a stronger spending backdrop for its core business and improved momentum into the second half of the year. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Positive Sentiment: The company’s latest quarterly results beat expectations, with revenue and EPS both ahead of consensus, and guidance pointed to further sequential growth, helping investors believe the business is still in an upcycle. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Neutral Sentiment: Several articles also highlighted Lam Research as a beneficiary of the broader AI infrastructure boom and a “critical enabler” of AI growth, which keeps sentiment constructive, though these pieces were more thematic than company-specific. Lam Research: A Critical Enabler Of AI Growth, Reiterating Buy
• Negative Sentiment: Near-term trading has been volatile, and one recent report noted the stock fell in the prior session, showing that some investors are still worried about valuation and the possibility of a cyclical slowdown after a strong run. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Insider Buying and Selling

In related news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the sale, the senior vice president directly owned 58,470 shares in the company, valued at $18,102,312. The trade was a 11.58% decrease in their position. The transaction was disclosed in a document filed 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 business’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider owned 53,205 shares in the company, valued at $13,762,005.30. The trade was a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 31,839 shares of company stock worth $8,561,667 over the last quarter. Insiders own 0.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on LRCX. Mizuho set a $380.00 target price on shares of Lam Research and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Barclays reaffirmed an “overweight” rating and issued a $335.00 price target on shares of Lam Research in a research note on Thursday. UBS Group reaffirmed a “buy” rating and issued a $375.00 price target (up from $310.00) on shares of Lam Research in a research note on Tuesday. Oppenheimer reaffirmed an “outperform” rating and issued a $330.00 price target on shares of Lam Research in a research note on Thursday, April 23rd. Finally, Evercore upped their price target on shares of Lam Research from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, April 23rd. Twenty-eight analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $322.01.

Lam Research Company Profile

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.