Lam Research Corporation $LRCX Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.9% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 140,229 shares of the semiconductor company’s stock after selling 5,764 shares during the quarter. Kestra Advisory Services LLC’s holdings in Lam Research were worth $46,067,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LRCX. State Street Corp grew its stake in Lam Research by 2.6% in the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock valued at $26,320,468,000 after buying an additional 1,545,830 shares during the last quarter. Bank of America Corp DE lifted its position in Lam Research by 5.5% during the second quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock worth $4,872,426,000 after acquiring an additional 584,489 shares during the last quarter. Van ECK Associates Corp lifted its position in Lam Research by 411.8% during the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after acquiring an additional 8,922,854 shares during the last quarter. Amundi lifted its position in Lam Research by 23.7% during the first quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after acquiring an additional 1,942,862 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of Lam Research by 2.0% during the first quarter. Janus Henderson Group PLC now owns 9,265,026 shares of the semiconductor company’s stock worth $1,975,244,000 after acquiring an additional 181,087 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analyst Ratings Changes

LRCX has been the topic of several research reports. Berenberg Bank set a $420.00 target price on Lam Research in a research report on Wednesday, September 9th. Morgan Stanley set a $339.00 price target on Lam Research and gave the stock an “overweight” rating in a report on Thursday, October 22nd. B. Riley Financial boosted their price target on Lam Research from $350.00 to $390.00 and gave the company a “buy” rating in a research note on Thursday, October 1st. Weiss Ratings lowered Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Finally, Citigroup reaffirmed a “buy” rating and issued a $435.00 price objective (down from $450.00) 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 given a Hold rating to the company. Based on data from MarketBeat.com, Lam Research currently has a consensus rating of “Moderate Buy” and a consensus price target of $360.23.

Key Headlines 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

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 5,000 shares of Lam Research 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 transaction, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. The trade was a 10.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 the company’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 sale, the director owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

NASDAQ LRCX traded up $15.24 during trading on Friday, reaching $200.44. The company’s stock had a trading volume of 17,943,382 shares, compared to its average volume of 10,981,131. The firm has a 50 day moving average price of $284.37 and a 200 day moving average price of $283.67. Lam Research Corporation has a 12 month low of $135.50 and a 12 month high of $438.50. The firm has a market capitalization of $250.38 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 0.84 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 announced its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.18 by $0.02. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The company had revenue of $8.22 billion for the quarter, compared to analysts’ expectations of $8.14 billion. During the same period last year, the firm earned $1.26 earnings per share. The business’s revenue for the quarter was up 54.4% on a year-over-year basis. As a group, equities analysts anticipate that Lam Research Corporation will post 9.59 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared 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 dividend on an annualized basis and a yield of 0.7%. Lam Research’s dividend payout ratio is currently 19.67%.

Lam Research declared that its board has approved a share buyback plan on Thursday, November 5th that authorizes the company to repurchase $25 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 9% of its shares through open market purchases. Share repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Lam Research 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.