Lam Research Corporation $LRCX Shares Sold by Inscription Capital LLC

Inscription Capital LLC cut its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 35.5% during the 3rd quarter, Holdings Channel reports. The firm owned 7,071 shares of the semiconductor company’s stock after selling 3,898 shares during the quarter. Inscription Capital LLC’s holdings in Lam Research were worth $2,323,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Paladin Partners LLC bought a new position in shares of Lam Research during the 2nd quarter worth approximately $26,000. William Mack & Associates Inc. purchased a new position in shares of Lam Research in the 3rd quarter worth approximately $25,000. Dakota Community Bank & Trust NA purchased a new position in shares of Lam Research in the 3rd quarter worth approximately $33,000. Quintet Private Bank Europe S.A. grew its holdings in shares of Lam Research by 100.0% in the third quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 50 shares in the last quarter. Finally, Bravera Wealth bought a new position in shares of Lam Research in the second quarter valued at approximately $46,000. 84.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Lam Research news, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. 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 the business’s stock in a transaction 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. The trade was a 31.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.31% of the company’s stock.

Lam Research News Summary

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: The board approved a $25 billion share repurchase authorization, allowing Lam to buy back up to 9% of its outstanding shares, and declared a quarterly dividend of $0.33 per share. The buyback may support demand for the stock and signals management’s willingness to return capital. Company announcement
• Negative Sentiment: Reports attributed the selloff to investors reconsidering AI-related semiconductor-equipment spending and the sustainability of the sector’s recent profitability. That uncertainty may weigh on Lam, whose business depends on semiconductor manufacturers’ investment cycles. Article on semiconductor-equipment investors reassessing AI spending
• Negative Sentiment: Lam’s latest outlook also highlighted execution risks: management expects component shortages and a near-term decline in China-related revenue. The company forecast December-quarter revenue of about $8.6 billion and diluted EPS near $2.33, so investors may focus on whether supply and regional headwinds affect delivery of those targets. Article on Lam’s guidance
• Neutral Sentiment: One report said the stock’s sharp drop had no clear company-specific catalyst, suggesting broader market or sector positioning may also have contributed. Article on Lam Research’s share-price move

Wall Street Analyst Weigh In

A number of brokerages recently commented on LRCX. HSBC reaffirmed a “hold” rating and set a $333.00 price target on shares of Lam Research in a research report on Monday, July 27th. Berenberg Bank set a $420.00 price objective on Lam Research in a research report on Wednesday, September 9th. Jefferies Financial Group set a $335.00 price objective on Lam Research and gave the company a “buy” rating in a research note on Thursday, July 30th. Morgan Stanley set a $339.00 price objective on Lam Research and gave the company an “overweight” rating in a research note on Thursday, October 22nd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Twenty-six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $360.23.

Lam Research Stock Down 16.3%

LRCX opened at $185.41 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.48 and a debt-to-equity ratio of 0.27. The stock has a market cap of $231.61 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 0.82 and a beta of 1.97. Lam Research Corporation has a twelve month low of $135.50 and a twelve month high of $438.50. The company’s 50-day moving average price is $286.73 and its two-hundred day moving average price is $283.78.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.02. The company had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. Lam Research’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. As a group, equities analysts expect that Lam Research Corporation will post 9.59 earnings per share for the current year.

Lam Research announced that its Board of Directors has initiated a share buyback plan on Thursday, November 5th that permits the company to buy back $25 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

Lam Research Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders 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 yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd. Lam Research’s dividend payout ratio is 19.67%.

Lam Research Profile

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.