Carret Asset Management LLC Sells 2,625 Shares of Lam Research Corporation $LRCX

Carret Asset Management LLC lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,443 shares of the semiconductor company’s stock after selling 2,625 shares during the quarter. Lam Research comprises 1.8% of Carret Asset Management LLC’s investment portfolio, making the stock its 10th biggest holding. Carret Asset Management LLC’s holdings in Lam Research were worth $20,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently made changes to their positions in the company. World Equity Group Inc. raised its stake in Lam Research by 0.5% during the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock worth $2,416,000 after buying an additional 29 shares during the period. Vann Equity Management LLC increased its holdings in shares of Lam Research by 1.1% during the third quarter. Vann Equity Management LLC now owns 2,873 shares of the semiconductor company’s stock valued at $944,000 after acquiring an additional 31 shares in the last quarter. Tenzing Financial LLC increased its holdings in shares of Lam Research by 3.5% during the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 34 shares in the last quarter. Advus Financial Partners LLC increased its holdings in shares of Lam Research by 1.0% during the second quarter. Advus Financial Partners LLC now owns 3,578 shares of the semiconductor company’s stock valued at $1,550,000 after acquiring an additional 34 shares in the last quarter. Finally, Paragon Private Wealth Management LLC raised its position in shares of Lam Research by 1.3% during the second quarter. Paragon Private Wealth Management LLC now owns 2,719 shares of the semiconductor company’s stock worth $1,178,000 after purchasing an additional 35 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Bethany Mayer sold 9,557 shares of the stock in a transaction dated 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 $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 5,000 shares of the business’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is owned by insiders.

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

Lam Research Price Performance

LRCX stock opened at $200.44 on Monday. Lam Research Corporation has a twelve month low of $135.50 and a twelve month high of $438.50. 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’s 50 day moving average is $284.37 and its 200-day moving average is $283.67. The firm has a market capitalization of $250.38 billion, a PE ratio of 29.87, a P/E/G 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, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.14 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Lam Research’s quarterly revenue was up 54.4% on a year-over-year basis. Sell-side analysts expect that Lam Research Corporation will post 9.59 EPS for the current fiscal year.

Lam Research declared that its board has approved a stock buyback program on Thursday, November 5th that permits the company to buy back $25 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 9% of its stock through open market purchases. Share buyback programs are typically a sign that the company’s management believes its shares are undervalued.

Lam Research Dividend Announcement

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 paid a dividend of $0.33 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $1.32 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio (DPR) is 19.67%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LRCX shares. Morgan Stanley set a $339.00 target price on Lam Research and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 22nd. Evercore set a $315.00 price objective on shares of Lam Research in a report on Tuesday, October 20th. Fundamental Research set a $390.00 price objective on shares of Lam Research in a research note on Thursday, October 1st. Finally, Citigroup reaffirmed 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. Twenty-six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus target price of $360.23.

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.