Lam Research Corporation $LRCX Stock: Calamos Advisors LLC Grows Holdings

Calamos Advisors LLC raised its stake in Lam Research Corporation (NASDAQ:LRCX) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 370,148 shares of the semiconductor company’s stock after acquiring an additional 4,713 shares during the quarter. Calamos Advisors LLC’s holdings in Lam Research were worth $121,597,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Alta Advisers Ltd raised its holdings in Lam Research by 80.8% in the 3rd quarter. Alta Advisers Ltd now owns 9,006 shares of the semiconductor company’s stock valued at $2,959,000 after acquiring an additional 4,026 shares in the last quarter. Ullmann Wealth Partners Group LLC raised its stake in Lam Research by 3.6% in the third quarter. Ullmann Wealth Partners Group LLC now owns 1,648 shares of the semiconductor company’s stock valued at $541,000 after purchasing an additional 57 shares in the last quarter. Claro Advisors Inc. lifted its position in Lam Research by 15.3% during the third quarter. Claro Advisors Inc. now owns 3,294 shares of the semiconductor company’s stock worth $1,082,000 after purchasing an additional 438 shares during the period. REAP Financial Group LLC lifted its position in Lam Research by 12.9% during the third quarter. REAP Financial Group LLC now owns 491 shares of the semiconductor company’s stock worth $161,000 after purchasing an additional 56 shares during the period. Finally, Telos Capital Management Inc. lifted its position in Lam Research by 5.3% during the third quarter. Telos Capital Management Inc. now owns 5,215 shares of the semiconductor company’s stock worth $1,713,000 after purchasing an additional 261 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Up 8.2%

Shares of Lam Research stock traded up $15.24 during midday trading on Friday, reaching $200.44. The company had a trading volume of 17,943,382 shares, compared to its average volume of 10,981,131. The stock has a fifty day moving average price of $284.37 and a 200 day moving average price of $283.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86. The firm has a market cap of $250.38 billion, a PE ratio of 29.87, a P/E/G ratio of 0.84 and a beta of 1.97. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.02. The firm had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The company’s revenue was up 54.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.26 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 9.59 earnings per share for the current year.

Lam Research announced that its Board of Directors has approved a share buyback plan on Thursday, November 5th that permits the company to repurchase $25 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 9% of its shares through open market purchases. Share repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 2nd will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 2nd. Lam Research’s payout ratio is presently 19.67%.

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 5,000 shares of the stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the transaction, the director owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.31% of the company’s stock.

Lam Research News Roundup

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

• Positive Sentiment: The authorization allows Lam Research to repurchase up to about 9% of its shares. Investors may view the plan as a sign of management confidence and a potential source of support for per-share earnings. Lam Research Shares Gain on $25 Billion Buyback Authorization
• Positive Sentiment: The company also declared a quarterly dividend of $0.33 per share, payable January 6 to shareholders of record December 2. Lam Research Corporation Announces $25 Billion Share Repurchase Authorization and Declares Quarterly Dividend
• Neutral Sentiment: The buyback has drawn attention to LRCX’s significant presence in semiconductor, technology and Nasdaq-100 funds; overlapping holdings could amplify the stock’s effect on investors’ portfolios in either direction. Own a Semiconductor ETF? Lam Research’s Buyback Move Affects You
• Negative Sentiment: Broader chip-sector volatility remains a risk: recent coverage cited concerns about AI-related spending, possible capital-expenditure slowdowns, regulation and investor profit-taking. Those worries could temper gains if they persist. Chip Stocks Just Had Their Second-Worst Day on Record

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LRCX shares. Fundamental Research set a $390.00 target price on shares of Lam Research in a research report on Thursday, October 1st. Weiss Ratings lowered shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Berenberg Bank set a $420.00 price objective on shares of Lam Research in a research note on Wednesday, September 9th. Stifel Nicolaus boosted their price objective on shares of Lam Research from $325.00 to $425.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, Morgan Stanley set a $339.00 target price on Lam Research and gave the stock an “overweight” rating in a research note on Thursday, October 22nd. Twenty-six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $360.23.

Lam Research Company Profile

Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits.

The company’s wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations.

Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.