Lam Research Corporation $LRCX Stock: Ritholtz Wealth Management Trims Holdings

Ritholtz Wealth Management cut its position in Lam Research Corporation (NASDAQ:LRCX) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,404 shares of the semiconductor company’s stock after selling 3,506 shares during the quarter. Ritholtz Wealth Management’s holdings in Lam Research were worth $13,602,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LRCX. UNIVEST FINANCIAL Corp lifted its holdings in shares of Lam Research by 10.0% in the 3rd quarter. UNIVEST FINANCIAL Corp now owns 2,894 shares of the semiconductor company’s stock worth $951,000 after purchasing an additional 263 shares in the last quarter. NBH Bank increased its stake in Lam Research by 8.5% during the 3rd quarter. NBH Bank now owns 2,121 shares of the semiconductor company’s stock valued at $697,000 after purchasing an additional 167 shares in the last quarter. Joel Isaacson & Co. LLC increased its stake in Lam Research by 2.5% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 12,385 shares of the semiconductor company’s stock valued at $4,069,000 after purchasing an additional 300 shares in the last quarter. Jacobi Capital Management LLC raised its holdings in Lam Research by 1.0% during the third quarter. Jacobi Capital Management LLC now owns 16,127 shares of the semiconductor company’s stock worth $5,298,000 after buying an additional 152 shares during the last quarter. Finally, Walter Public Investments Inc. acquired a new position in Lam Research during the third quarter worth $4,597,000. 84.61% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Ava Harter sold 5,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the sale, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the firm’s stock in a transaction dated 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 directly owned 20,995 shares in the company, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 14,573 shares of company stock valued at $4,523,606. 0.31% of the stock is currently owned by corporate insiders.

Recent Lam Research Headlines

Investors following LRCX have been watching these headlines:

• Positive Sentiment: Gross margin reached a record 52.4% in Q1’27, helped by demand and product mix. ETFs also bought a net $231.4 million of LRCX on Monday, with more funds buying than selling. Read More. · Read More.
• Neutral Sentiment: Lam named longtime employee Kim Tae-won to lead its Korean operations, a region important to the company’s relationships with major chipmakers. The appointment may aid execution but has no clear immediate financial impact. Read More.
• Negative Sentiment: Despite the rebound, LRCX and other equipment stocks had recently suffered steep declines amid concerns about semiconductor spending. Supply constraints could also limit further margin improvement, while ETFs were net sellers on Nov. 6—evidence that sentiment and fund flows have been uneven. Read More. · Read More.

Lam Research Trading Up 6.1%

Shares of Lam Research stock opened at $235.88 on Thursday. The company has a market capitalization of $294.65 billion, a P/E ratio of 35.15, a price-to-earnings-growth ratio of 0.82 and a beta of 1.97. The stock has a fifty day simple moving average of $280.09 and a 200 day simple moving average of $283.74. Lam Research Corporation has a 12-month low of $135.50 and a 12-month high of $438.50. The company has a current ratio of 2.48, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.02. The business had revenue of $8.22 billion for the quarter, compared to analysts’ expectations of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The business’s revenue was up 54.4% on a year-over-year basis. During the same period last year, the business earned $1.26 EPS. On average, sell-side analysts anticipate that Lam Research Corporation will post 9.60 earnings per share for the current fiscal year.

Lam Research announced that its board has approved a stock 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 reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Lam Research Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.6%. Lam Research’s dividend payout ratio is currently 19.67%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Fundamental Research set a $390.00 price objective on shares of Lam Research in a research note on Thursday, October 1st. UBS Group reissued a “buy” rating and set a $400.00 target price (down from $425.00) on shares of Lam Research in a research report on Thursday, October 22nd. Morgan Stanley set a $339.00 target price on shares of Lam Research and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Zacks Research cut shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. Finally, Evercore set a $315.00 price target on shares of Lam Research in a research report on Tuesday, October 20th. Twenty-six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.57.

Lam Research 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.