Gf Fund Management 13F: Cuts Lam Research (LRCX) Stake by $21M

Gf Fund Management trimmed its position in Lam Research Corporation (LRCX) by 64,391 shares, valued at approximately $20.5 million, in a filing on October 26, 2026. After this change, the fund holds 624,028 shares of the semiconductor equipment maker. The filing reflects a 9.4% decrease in its stake, which now makes up 4.82% of Gf Fund Management's total reported value of $4.25 billion.

LRCX Lam Research Corporation

$237.50 ▲ +28.72% year to date

1M 3M YTD

Daily close · Oct 26, 2026

Where Lam Research Fits in Gf Fund Management's Portfolio

Lam Research ranks 8th in Gf Fund Management's holdings. This reduction in shares is notable as it reflects an adjustment in the fund's strategy, with the current position being valued at about $425 million.

Other Institutional Activity in Lam Research

UniSuper Management increased its holdings in Lam Research by 38,997 shares, bringing its total to 279,063 shares worth about $91.7 million. This suggests continued institutional interest in the company despite Gf Fund Management's reduction.

Lam Research Corporation Stock Up 3.2%

On October 26, 2026, Lam Research closed at $237.50, which is about equal to its recent trading level of $237.37 as of October 27, 2026. The stock is currently trading significantly below its 50-day moving average of $302.39 and its 200-day average of $283.43. Additionally, it's 45.9% below its 52-week high of $438.50, but 75.2% above its 52-week low of $135.50.

Recent Earnings

Lam Research reported trailing twelve-month revenue of approximately $26.1 billion. The company has shown strong growth with a year-over-year revenue growth of 54.4%. The next earnings report is scheduled for January 27, 2027.

Dividend

Lam Research pays an annual dividend rate of $1.32, translating to a yield of 0.57%. The payout ratio is 16.5%, indicating a sustainable dividend policy.

Insider Buying and Selling at Lam Research Corporation

Several insiders sold shares recently, including Officer Seshasayee Varadarajan, who sold 59,750 shares at an average price of $291.32 on September 2, 2026. CEO Timothy M. Archer sold 30,000 shares at an average price of $319.26 on September 9, 2026. These transactions indicate active trading among executives.

Analysts Set New Price Targets

On October 22, 2026, several firms maintained their ratings on Lam Research. UBS kept a Buy rating with a target of $400, while Citigroup also maintained a Buy rating but with a target of $435. Morgan Stanley and Mizuho both maintained their positive outlooks with targets of $339 and $360, respectively. The consensus rating remains strong with a mean target price of $364.03 based on 30 analyst opinions.

About Lam Research

Lam Research Corporation designs and manufactures equipment used in the semiconductor industry, essential for fabricating integrated circuits. The company operates globally, with significant markets in the U.S., China, and Europe. This position change by Gf Fund Management reflects ongoing adjustments in response to market conditions.

Bottom Line

Investors should watch for Lam Research's next earnings report on January 27, 2027, to gauge its performance amid changing market conditions. With Gf Fund Management's recent trim, it will be interesting to see if other institutional investors follow suit or maintain their positions.