Lam Research Corporation $LRCX Stake Reduced by Buckhead Capital Management LLC

Buckhead Capital Management LLC trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX) by 24.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,845 shares of the semiconductor company’s stock after selling 5,021 shares during the quarter. Lam Research accounts for about 1.6% of Buckhead Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Buckhead Capital Management LLC’s holdings in Lam Research were worth $5,205,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Polaris Financial Partners purchased a new position in Lam Research during the third quarter valued at approximately $4,814,000. Bank of America Corp DE increased its stake in Lam Research by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after buying an additional 584,489 shares during the period. Rokos Capital Management LLP lifted its position in Lam Research by 42.0% in the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock worth $55,532,000 after buying an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Lam Research in the 1st quarter worth approximately $59,973,000. Finally, Meeder Asset Management Inc. boosted its stake in shares of Lam Research by 50.7% during the 1st quarter. Meeder Asset Management Inc. now owns 37,383 shares of the semiconductor company’s stock valued at $7,987,000 after buying an additional 12,574 shares during the period. Institutional investors own 84.61% of the company’s stock.

Key Stories Impacting Lam Research

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

Insider Buying and Selling at Lam Research

In related news, insider Ava Harter sold 5,000 shares of the firm’s 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 transaction, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 Lam Research stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the transaction, the director owned 20,995 shares in the company, valued at $6,607,966.30. This trade represents a 31.28% decrease in their position. The SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $375.00 price target on shares of Lam Research in a report on Monday, October 19th. Berenberg Bank set a $420.00 price target on shares of Lam Research in a research note on Wednesday, September 9th. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. UBS Group reissued a “buy” rating and set a $400.00 price objective (down from $425.00) on shares of Lam Research in a research report on Thursday, October 22nd. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $350.00 target price (down from $450.00) on shares of Lam Research in a research note on Thursday, July 30th. Twenty-six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and a consensus price target of $360.23.

Lam Research Stock Up 8.2%

LRCX opened at $200.44 on Friday. The business has a 50 day moving average price of $284.37 and a 200 day moving average price of $283.67. Lam Research Corporation has a twelve month low of $135.50 and a twelve month high of $438.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 2.48. The firm has a market cap of $250.38 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 0.74 and a beta of 1.97.

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

Lam Research declared that its board has authorized a stock repurchase program on Thursday, November 5th that allows the company to repurchase $25 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 9% of its stock through open market purchases. Share buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Lam Research Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Wednesday, December 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd. Lam Research’s dividend payout ratio is currently 19.67%.

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.