Werba Rubin Papier Wealth Management Sells 6,104 Shares of Lam Research Corporation $LRCX

Werba Rubin Papier Wealth Management lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 52.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,503 shares of the semiconductor company’s stock after selling 6,104 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Lam Research were worth $1,808,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. William Mack & Associates Inc. acquired a new position in Lam Research during the 3rd quarter worth approximately $25,000. Paladin Partners LLC bought a new position in Lam Research in the second quarter worth approximately $26,000. 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 valued at $33,000 after acquiring an additional 50 shares during the period. Dakota Community Bank & Trust NA acquired a new stake in Lam Research in the third quarter valued at approximately $33,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Lam Research in the second quarter valued at approximately $35,000. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $233.78 on Friday. Lam Research Corporation has a fifty-two week low of $135.50 and a fifty-two week high of $438.50. The stock 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. 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’s 50-day simple moving average is $279.00 and its 200 day simple moving average is $283.79.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. The firm had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The company’s revenue for the quarter was up 54.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. As a group, research analysts anticipate that Lam Research Corporation will post 9.60 earnings per share for the current fiscal year.

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

Lam Research Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Wednesday, December 2nd will be given 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 payout ratio is presently 19.67%.

Lam Research News Roundup

Investors following LRCX have been watching these news items:

• 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
• Neutral Sentiment: Lam and LEGO Education announced a multiyear STEM education partnership, including a $15 million Lam Foundation grant over four years. It may support Lam’s reputation and future workforce development, but the commitment is unlikely to materially change near-term earnings. Lam and LEGO partnership announcement

Insider Activity at Lam Research

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the firm’s stock in a transaction 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 transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 14,573 shares of company stock worth $4,523,606. 0.31% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several recent research reports. Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Berenberg Bank set a $420.00 price target on shares of Lam Research in a research report on Wednesday, September 9th. HSBC reissued a “hold” rating and issued a $333.00 price target on shares of Lam Research in a research report on Monday, July 27th. Finally, Evercore set a $315.00 price target on shares of Lam Research in a research note on Tuesday, October 20th. Twenty-six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $357.57.

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.