Lam Research Corporation $LRCX Stock Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its stake in Lam Research Corporation (NASDAQ:LRCX) by 25.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,865 shares of the semiconductor company’s stock after selling 31,589 shares during the period. Jefferies Financial Group Inc.’s holdings in Lam Research were worth $30,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in LRCX. State Street Corp increased its position in shares of Lam Research by 2.6% during the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after purchasing an additional 1,545,830 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of 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 purchasing an additional 584,489 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock valued at $4,805,368,000 after purchasing an additional 8,922,854 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Lam Research in the 2nd quarter valued at about $3,777,585,000. Finally, Amundi boosted its position in shares of Lam Research by 23.7% in the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock valued at $2,168,107,000 after purchasing an additional 1,942,862 shares during the period. Hedge funds and other institutional investors own 84.61% of the company’s stock.

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.

Insider Buying and Selling

In other news, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $302.46, for a total value of $1,512,300.00. Following the transaction, the insider owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through 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 business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,573 shares of company stock valued at $4,523,606 over the last ninety days. 0.31% of the stock is owned by insiders.

Lam Research Price Performance

Shares of NASDAQ:LRCX opened at $235.88 on Thursday. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50. The stock has a market capitalization of $294.65 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 0.82 and a beta of 1.97. The company has a 50-day simple moving average of $280.09 and a 200-day simple moving average of $283.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 2.48.

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 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 for the quarter, compared to analyst estimates of $8.14 billion. During the same quarter last year, the company posted $1.26 earnings per share. The business’s revenue was up 54.4% on a year-over-year basis. On average, analysts predict that Lam Research Corporation will post 9.60 EPS for the current year.

Lam Research declared that its board has authorized a share repurchase plan on Thursday, November 5th that permits the company to buy back $25 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Lam Research Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 2nd. Lam Research’s dividend payout ratio (DPR) is presently 19.67%.

Analyst Ratings Changes

A number of research analysts recently issued reports on LRCX shares. Evercore set a $315.00 price target on Lam Research in a research note on Tuesday, October 20th. UBS Group reiterated a “buy” rating and issued a $400.00 price objective (down from $425.00) on shares of Lam Research in a research note on Thursday, October 22nd. Citigroup reiterated a “buy” rating and issued a $435.00 price objective (down from $450.00) on shares of Lam Research in a research note on Thursday, October 22nd. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Finally, Fundamental Research set a $390.00 target price on shares of Lam Research in a research report on Thursday, October 1st. Twenty-six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $357.57.

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.