Lam Research Corporation $LRCX Stock: Diversified Trust Co Boosts Stake

Diversified Trust Co grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 40,373 shares of the semiconductor company’s stock after purchasing an additional 3,105 shares during the quarter. Diversified Trust Co’s holdings in Lam Research were worth $13,263,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Paladin Partners LLC acquired a new stake in shares of Lam Research in the 2nd quarter valued at about $26,000. William Mack & Associates Inc. acquired a new position in Lam Research in the third quarter worth about $25,000. Dakota Community Bank & Trust NA acquired a new position in Lam Research in the third quarter worth about $33,000. Quintet Private Bank Europe S.A. grew its stake in 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 worth $33,000 after purchasing an additional 50 shares in the last quarter. Finally, Bravera Wealth bought a new stake in Lam Research in the second quarter valued at about $46,000. Institutional investors own 84.61% of the company’s stock.

Insider Activity at Lam Research

In other news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction that occurred 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 directly owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ava Harter sold 5,000 shares of the 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. The trade was a 10.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,573 shares of company stock valued at $4,523,606 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on LRCX shares. Berenberg Bank set a $420.00 price objective on Lam Research in a research note on Wednesday, September 9th. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Mizuho decreased their target price on Lam Research from $365.00 to $360.00 and set an “outperform” rating for the company in a research report on Thursday, October 22nd. Bank of America reiterated a “buy” rating and issued a $345.00 price target on shares of Lam Research 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 report on Friday, September 4th. Twenty-six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $357.57.

Lam Research Trading Down 3.4%

NASDAQ LRCX opened at $225.92 on Friday. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50. The company has a 50-day simple moving average of $277.67 and a 200-day simple moving average of $283.73. 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 capitalization of $282.21 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.97.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.02. The firm had revenue of $8.22 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.26 earnings per share. On average, equities analysts forecast that Lam Research Corporation will post 9.60 earnings per share for the current year.

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

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 2nd will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.6%. Lam Research’s dividend payout ratio is 19.67%.

More Lam Research News

These are some of the LRCX news items that stood out recently:

• Positive Sentiment: Lam’s board authorized a share-repurchase program of up to $25 billion and reaffirmed its quarterly dividend at $0.33 per share, providing a potential source of shareholder returns. Article: Lam Research Just Gave Investors Something To Think About
• Positive Sentiment: Bernstein analyst Stacy Rasgon remains favorable on Lam after its steep recent decline, while Wells Fargo’s move to a neutral view on U.S. AI infrastructure suggests a less negative backdrop for the sector. Article: Lam Research Lost About 34% in a Month. Here’s Why Bernstein’s Rasgon Still Likes It
• Negative Sentiment: Lam shares fell alongside Applied Materials and KLA amid technology-sector selling linked to news of NVIDIA CEO Jensen Huang’s departure. The move points to continued sensitivity to AI and semiconductor-sector sentiment. Article: What’s Going On With Lam Research Stock Friday?

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.