Viking Fund Management LLC Sells 30,000 Shares of Lam Research Corporation $LRCX

Viking Fund Management LLC trimmed its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 42.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the semiconductor company’s stock after selling 30,000 shares during the quarter. Viking Fund Management LLC’s holdings in Lam Research were worth $6,847,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Lingohr Asset Management GmbH grew its position in shares of Lam Research by 590.7% in the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock valued at $7,974,000 after purchasing an additional 50,933 shares during the last quarter. Mediolanum International Funds Ltd lifted its position in shares of Lam Research by 52.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock worth $34,417,000 after purchasing an additional 89,856 shares during the last quarter. First Citizens Bank & Trust Co. boosted its stake in Lam Research by 8.0% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock valued at $18,804,000 after purchasing an additional 10,408 shares during the period. Thoroughbred Financial Services LLC grew its holdings in Lam Research by 115.2% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 22,198 shares of the semiconductor company’s stock valued at $2,972,000 after buying an additional 11,883 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Lam Research by 30.9% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock valued at $19,369,000 after buying an additional 34,147 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Market commentary points to LRCX outperforming the broader dip thanks to its recent earnings beat and upbeat near‑term outlook — a primary reason the stock gained today. Why the Market Dipped But Lam Research (LRCX) Gained Today
• Positive Sentiment: Q4/earnings‑season analysis shows Lam stacked up well versus other semiconductor equipment peers, reinforcing the view that it’s a cycle beneficiary (supports revenue/earnings momentum expectations). A Look Back at Semiconductor Manufacturing Stocks’ Q4 Earnings: Lam Research (NASDAQ:LRCX) Vs The Rest Of The Pack
• Positive Sentiment: High‑profile endorsement from Jim Cramer (“You’ve got a winner in Lam Research”) can boost retail sentiment and flows into the name. Jim Cramer on Lam Research: “You’ve Got a Winner in Lam Research”
• Positive Sentiment: Management’s presentation at a recent conference framed a large TAM (~$135B) tied to AI and R&D investments — a strategic growth narrative that supports longer‑term upside expectations. Lam Research Corporation (LRCX) Eyes $135 billion Opportunity
• Neutral Sentiment: Multiple short‑interest reports for March show anomalous/zero values (references to a “large increase” but reported short interest = 0 / NaN and days‑to‑cover = 0.0), suggesting data/reporting issues rather than a material change in positioning; monitor for corrected filings.

Lam Research Stock Up 2.4%

LRCX opened at $238.84 on Wednesday. The company has a market capitalization of $298.26 billion, a P/E ratio of 48.94, a P/E/G ratio of 2.51 and a beta of 1.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The firm’s fifty day moving average price is $227.67 and its two-hundred day moving average price is $180.02. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $256.68.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The company had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a net margin of 30.22% and a return on equity of 62.81%. The business’s revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, March 4th. This represents a $1.04 dividend on an annualized basis and a yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is currently 21.31%.

Insider Buying and Selling at Lam Research

In related news, Director Eric Brandt sold 35,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director owned 253,705 shares of the company’s stock, valued at $57,235,848. The trade was a 12.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas R. Bettinger sold 50,057 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total value of $11,214,269.71. Following the completion of the sale, the chief financial officer owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 130,886 shares of company stock valued at $29,658,802. 0.31% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Summit Insights upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Thursday, January 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Lam Research in a research report on Monday, December 15th. KeyCorp reiterated a “sector weight” rating on shares of Lam Research in a research note on Thursday, January 29th. Zacks Research raised shares of Lam Research from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $290.00 price target (up from $260.00) on shares of Lam Research in a research report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $245.35.

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.