Ninety One SA Pty Ltd cut its position in Lam Research Corporation (NASDAQ:LRCX – Free Report) by 63.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,281 shares of the semiconductor company’s stock after selling 2,244 shares during the quarter. Ninety One SA Pty Ltd’s holdings in Lam Research were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of LRCX. Van ECK Associates Corp increased its stake in shares of Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after acquiring an additional 8,922,854 shares during the period. Bank of New York Mellon Corp purchased a new position in Lam Research during the second quarter worth about $3,777,585,000. Corient Private Wealth LLC lifted its position in Lam Research by 235.5% in the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company’s stock valued at $890,040,000 after purchasing an additional 3,649,553 shares during the period. J. Stern & Co. LLP lifted its position in Lam Research by 3,826.9% in the fourth quarter. J. Stern & Co. LLP now owns 3,459,377 shares of the semiconductor company’s stock valued at $592,176,000 after purchasing an additional 3,371,283 shares during the period. Finally, Jennison Associates LLC boosted its holdings in Lam Research by 296.9% in the 1st quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company’s stock valued at $720,740,000 after purchasing an additional 2,523,351 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.
Lam Research Price Performance
Lam Research stock traded down $13.27 during trading hours on Thursday, hitting $273.65. The stock had a trading volume of 7,530,320 shares, compared to its average volume of 10,642,146. Lam Research Corporation has a 1-year low of $135.50 and a 1-year high of $438.50. The stock has a market capitalization of $342.45 billion, a price-to-earnings ratio of 47.46, a PEG ratio of 1.19 and a beta of 1.85. The stock’s fifty day moving average is $310.54 and its two-hundred day moving average is $307.88. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.
Lam Research Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, September 23rd. This represents a $1.32 annualized dividend and a dividend yield of 0.5%. This is an increase from Lam Research’s previous quarterly dividend of $0.26. Lam Research’s payout ratio is presently 22.92%.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on LRCX shares. Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Mizuho reduced their price target on Lam Research from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Tuesday, August 25th. Jefferies Financial Group set a $335.00 price target on Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. Berenberg Bank set a $420.00 price objective on Lam Research in a report on Wednesday, September 9th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $385.00 price objective (up from $367.00) on shares of Lam Research in a research report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $364.59.
Read Our Latest Analysis on Lam Research
Lam Research News Summary
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: DBS Bank raised its price target for Lam Research to $416, signaling continued confidence in the company’s long-term semiconductor-equipment demand outlook. DBS Bank lifts target to USD 416 for Lam Research stock
- Positive Sentiment: Twenty-four exchange-traded funds increased their Lam Research holdings on October 13, indicating continued institutional or portfolio-manager interest in the stock. 24 ETFs Add to Lam Research Holdings
- Positive Sentiment: Analysts’ consensus price target implies roughly 25.6% potential upside, while improving earnings-estimate revisions could support the shares if the company delivers strong results. Wall Street Analysts See a 25.6% Upside in Lam Research
- Neutral Sentiment: Lam Research is scheduled to report quarterly results on October 21. Investors are likely awaiting updated guidance and commentary on AI-related semiconductor spending before making larger commitments. Lam Research stock trades ahead of October 21 results
- Negative Sentiment: Semiconductor-equipment shares, including Lam Research, have sold off as investors lock in gains following a powerful year driven by AI demand. The sector-wide move is the clearest near-term reason for LRCX’s weakness. Semiconductor Equipment Stocks Slide as Investors Take Profits
- Negative Sentiment: The shares have declined for seven consecutive sessions and recently underperformed the broader market, reflecting deteriorating short-term momentum and caution ahead of earnings. Lam Research shares tumbled for seven consecutive sessions
Insider Buying and Selling
In related news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the sale, the director owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ava Harter sold 5,000 shares of the stock in a transaction on 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 sale, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is currently owned by corporate insiders.
Lam Research Company Profile
Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.
The company’s portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.
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