2,156 Lam Research Corporation $LRCX Shares Purchased by Keybank National Association OH

Keybank National Association OH increased its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,677 shares of the semiconductor company’s stock after buying an additional 2,156 shares during the quarter. Keybank National Association OH’s holdings in Lam Research were worth $15,005,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LRCX. William Mack & Associates Inc. acquired a new stake in shares of Lam Research during the third quarter worth $25,000. Paladin Partners LLC acquired a new position in Lam Research in the 2nd quarter worth $26,000. Quintet Private Bank Europe S.A. boosted its stake in 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 worth $33,000 after purchasing an additional 50 shares during the period. Dakota Community Bank & Trust NA acquired a new position in Lam Research in the 3rd quarter worth $33,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in Lam Research during the 2nd quarter worth about $35,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Performance

Shares of LRCX opened at $235.88 on Thursday. Lam Research Corporation has a 12 month low of $135.50 and a 12 month high of $438.50. The firm has a fifty day simple moving average of $280.09 and a 200 day simple moving average of $283.74. 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 current ratio of 2.48, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The business had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. During the same quarter last year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was up 54.4% compared to the same quarter last year. Research analysts forecast that Lam Research Corporation will post 9.60 EPS for the current fiscal year.

Lam Research Announces Dividend

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

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

Key Stories Impacting Lam Research

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

• Positive Sentiment: Lam’s shares rose alongside peers in a broad wafer-fabrication-equipment rally, suggesting a rebound in sector sentiment after the recent decline. Read More.
• Positive Sentiment: The board authorized up to $25 billion in share repurchases with no set end date and reaffirmed the $0.33 quarterly dividend. The buyback could support shareholder returns and demand for the stock, although it does not by itself resolve concerns about growth. Read More.
• 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.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Berenberg Bank set a $420.00 price target on Lam Research in a report on Wednesday, September 9th. Needham & Company LLC reduced their price objective on Lam Research from $390.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, October 22nd. Mizuho decreased their price objective on Lam Research from $365.00 to $360.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Finally, UBS Group reiterated a “buy” rating and set a $400.00 price objective (down from $425.00) on shares of Lam Research in a report on Thursday, October 22nd. Twenty-six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $357.57.

Insider Transactions at Lam Research

In related news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of Lam Research 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 directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,573 shares of company stock valued at $4,523,606. Company insiders own 0.31% of the company’s stock.

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.