Royal Fund Management 13F: Exits Lam Research (LRCX) Stake

Royal Fund Management completely exited its position in Lam Research Corporation LRCX, selling all 49,479 shares it previously held according to a Form 13F filing on October 22, 2026. The complete close of the stake removed the fund entirely from the chip equipment maker's shareholder list.

LRCX Lam Research Corporation

$230.15 ▲ +24.74% year to date

1M 3M YTD

Daily close · Oct 22, 2026

Inside Royal Fund Management's Lam Research Trade

Before closing the position completely, the fund held 49,479 shares of the semiconductor equipment maker. Selling out entirely brought its share count down to zero, liquidating the previous stake with a 100.0% reduction. Form 13F filings reflect portfolio choices made over the course of the quarter, revealing where institutional managers are shifting their capital.

Lam Research Corporation Stock Down 12.6%

Shares of Lam Research recently traded around $230.16 as of October 23, 2026, roughly equal to the closing price of $230.15 on the filing date of October 22, 2026. The stock trades below its 50-day moving average of $306.45 and sits under its 200-day moving average of $283.18. The company's shares have fluctuated between a 52-week low of $135.50 and a 52-week high of $438.50.

Recent Earnings

Lam Research brought in $23.23 billion in trailing-twelve-month revenue alongside earnings of $5.76 per share. The business maintains a net profit margin of 31.3% and a return on equity of 65.1%, alongside year-over-year revenue growth of 30.0%.

Dividend

Lam Research pays an annual dividend rate of $1.32 per share, which translates to a dividend yield of 0.51%. The company allocates 18.1% of its earnings toward dividend payments through its payout ratio.

Insider Buying and Selling at Lam Research Corporation

Company insiders executed several stock sales prior to the filing. Officer Ava Harter sold 5,000 shares on August 31, 2026, at an average price of $302.46 for a total of $1,512,300. Officer Seshasayee Varadarajan unloaded 59,750 shares on September 2, 2026, at $291.32 per share, totaling $17,406,370. Chief Executive Officer Timothy M. Archer disposed of 30,000 shares on September 9, 2026, at $319.26 per share, worth $9,577,800. Finally, director Bethany J. Mayer sold 9,557 shares on September 9, 2026, at $314.74 per share for a value of $3,007,970.

Analysts Set New Price Targets

Wall Street firms adjusted their views on the stock around the filing date. On October 22, 2026, UBS maintained its buy rating while lowering its price target to $400.00 from $425.00. Citigroup kept a buy rating and adjusted its target to $435.00 from $450.00 on the same day. Morgan Stanley maintained an overweight rating while moving its target from $385.00 down to $339.00. Mizuho kept an outperform rating with a target shifted to $360.00 from $365.00. Needham maintained a buy rating while reducing its target from $390.00 to $290.00. Overall, the company carries a consensus strong buy rating with an average price target of $376.77 across 30 analyst opinions.

About Lam Research Corporation

Lam Research Corporation designs and builds specialized manufacturing equipment used to fabricate integrated circuits and microchips. Its processing systems help semiconductor manufacturers etch and clean layers of silicon for use in advanced electronics worldwide. Institutional shifts like this sale offer a look into how professional money managers balance their portfolios across the technology sector.

Bottom Line

Investors tracking Lam Research will watch upcoming quarterly financial reports and future institutional disclosures to gauge shifting demand for semiconductor hardware. Monitoring how the stock performs relative to its moving averages will help clarify near-term sentiment.