6,754 Lam Research Corporation $LRCX Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 28.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,941 shares of the semiconductor company’s stock after selling 6,754 shares during the quarter. SVB Wealth LLC’s holdings in Lam Research were worth $5,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. William Mack & Associates Inc. purchased a new stake in shares of Lam Research during the third quarter valued at about $25,000. Paladin Partners LLC bought a new stake in shares of Lam Research in the 2nd quarter valued at about $26,000. Quintet Private Bank Europe S.A. boosted its holdings in shares of Lam Research by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 50 shares in the last quarter. Dakota Community Bank & Trust NA purchased a new position in shares of Lam Research in the 3rd quarter worth approximately $33,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of Lam Research in the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Top Lam Research Stories

These are some of the LRCX stories that stood out recently:

• Positive Sentiment: Wells Fargo lifted its view on U.S. AI infrastructure to neutral from negative after a sector selloff. Lam was also included among AI stocks to consider, while Bernstein analyst Stacy Rasgon reportedly remains positive despite the stock’s steep recent decline. This may help bolster confidence in demand for semiconductor equipment tied to AI. Lam Research article
• Positive Sentiment: Lam’s board authorized up to $25 billion in share repurchases and reaffirmed its quarterly dividend of $0.33 per share. Buybacks can support shareholder returns and signal management confidence, though the authorization does not guarantee purchases at a particular pace. Lam Research buyback article
• Negative Sentiment: Despite a recent multi-session rebound, Lam remains below its 50-day moving average, and reports describe a roughly 34% decline over the past month. The sharp volatility and lingering pressure on semiconductor-equipment shares may continue to weigh on sentiment. Lam Research share performance article

Analyst Upgrades and Downgrades

LRCX has been the subject of several recent analyst reports. UBS Group reiterated a “buy” rating and set a $400.00 price objective (down from $425.00) on shares of Lam Research in a research note on Thursday, October 22nd. Morgan Stanley set a $339.00 target price on shares of Lam Research and gave the company an “overweight” rating in a research report on Thursday, October 22nd. B. Riley Financial lowered their target price on shares of Lam Research from $338.00 to $310.00 and set a “buy” rating for the company in a research note on Monday. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 22nd. Finally, Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research report on Friday, September 4th. Twenty-six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $357.57.

Lam Research Price Performance

NASDAQ LRCX opened at $233.78 on Friday. 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 stock’s fifty day moving average price is $279.00 and its 200 day moving average price is $283.79. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50. The company has a market cap of $292.03 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 0.87 and a beta of 1.97.

Lam Research (NASDAQ:LRCX) last issued 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 company had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same quarter last year, the business posted $1.26 EPS. The firm’s quarterly revenue was up 54.4% on a year-over-year basis. As a group, equities research analysts forecast that Lam Research Corporation will post 9.60 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently disclosed 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 of this dividend is Wednesday, December 2nd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. Lam Research’s dividend payout ratio is currently 19.67%.

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

Insider Activity

In related news, insider Ava Harter sold 5,000 shares of the company’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 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 filing with the Securities & Exchange Commission, 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 company’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 sale, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 14,573 shares of company stock valued at $4,523,606. Company insiders own 0.31% of the company’s stock.

About Lam Research

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.