Wilmington Savings Fund Society, FSB 13F: Cuts LRCX Stake by $3.4M

Wilmington Savings Fund Society trimmed its stake in Lam Research Corporation LRCX by 38.3%, cutting 10,242 shares to leave its holdings at 16,516 shares. According to a Form 13F filing with the Securities and Exchange Commission on October 23, 2026, the remaining position was valued at $5,425,671. The fund held 26,758 shares prior to the adjustment.

LRCX Lam Research Corporation

$230.10 ▲ +24.71% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Wilmington Savings Fund Society's Lam Research Corporation Position

The fund lowered its exposure to the chip equipment maker significantly during the period, bringing its total share count down to 16,516. The reduction represents a 38.28% decrease from the previous quarter's tally of 26,758 shares.

Other Institutional Activity in Lam Research Corporation

Other institutional investors also adjusted their positions in the chip equipment maker around the filing date. BSN Capital Partners closed out its position entirely, selling all 133,172 shares to end with zero holdings valued at $0.

Lam Research Corporation Stock Down 11.8%

Lam Research Corporation shares recently traded around $230.14 as of October 24, 2026, moving roughly in line with the $230.10 close on the filing date. The stock sits below its 52-week high of $438.50 and above its 52-week low of $135.50. Shares trade below the 50-day moving average of $304.53 and below the 200-day moving average of $283.29. The current price sits 36.8% below the average analyst price target of $364.03. The company holds a market capitalization of $288.02 billion with a price-to-earnings ratio of 38.88 and a forward P/E of 19.00.

Recent Earnings

Lam Research reported trailing twelve-month revenue of $26.13 billion and earnings of $5.92 per share. The business achieved a net profit margin of 32.3% and a return on equity of 70.1%. The next earnings report is scheduled for January 27, 2027.

Dividend

The company pays an annual dividend rate of $1.32 per share, yielding 0.57% with a payout ratio of 18.1%.

Insider Buying and Selling at Lam Research Corporation

Company insiders executed several sales prior to the filing. Officer Ava Harter sold 5,000 shares on August 31, 2026, at $302.46 per share for $1,512,300. Officer Seshasayee Varadarajan sold 59,750 shares on September 2, 2026, at $291.32 per share for $17,406,370. Chief Executive Officer Timothy M. Archer sold 30,000 shares on September 9, 2026, at $319.26 per share for $9,577,800. Director Bethany J. Mayer sold 9,557 shares on September 9, 2026, at $314.74 per share for $3,007,970.

Analysts Set New Price Targets

Analyst firms adjusted their views prior to the filing date. On October 22, 2026, UBS maintained a buy rating while lowering its price target to $400.00 from $425.00. Citigroup maintained a buy rating while cutting its target to $435.00 from $450.00. Morgan Stanley maintained an overweight rating with a target of $339.00, down from $385.00. Mizuho maintained an outperform rating with a target of $360.00, down from $365.00. Needham maintained a buy rating while dropping its target to $290.00 from $390.00. The stock holds a consensus strong buy rating from 30 analysts with a mean price target of $364.03.

About Lam Research Corporation

Lam Research Corporation builds specialized equipment used to manufacture integrated circuits. Its tools serve semiconductor makers across global markets to fabricate advanced microchips.

Bottom Line

Investors will look toward the company's next earnings report on January 27, 2027, for further insight into demand for semiconductor manufacturing equipment. Filings from major institutional holders continue to track how large investors manage their exposures in the technology sector.