Lam Research Corporation $LRCX Shares Newly Acquired by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,386 shares of the semiconductor company’s stock, valued at approximately $2,426,000. Lam Research accounts for about 1.6% of StoneRidge PMG Advisors LLC’s investment portfolio, making the stock its 12th biggest holding.

Other institutional investors have also modified their holdings of the company. Burton Enright Welch acquired a new position in shares of Lam Research in the third quarter valued at approximately $405,000. Beverly Hills Private Wealth LLC raised its holdings in shares of Lam Research by 31.1% during the third quarter. Beverly Hills Private Wealth LLC now owns 935 shares of the semiconductor company’s stock worth $307,000 after acquiring an additional 222 shares during the period. Bryn Mawr Trust Advisors LLC raised its holdings in shares of Lam Research by 6.1% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 9,816 shares of the semiconductor company’s stock worth $3,225,000 after acquiring an additional 567 shares during the period. Almanack Investment Partners LLC. raised its holdings in shares of Lam Research by 14.0% during the third quarter. Almanack Investment Partners LLC. now owns 1,700 shares of the semiconductor company’s stock worth $559,000 after acquiring an additional 209 shares during the period. Finally, Paragon Advisors LLC lifted its position in Lam Research by 11.1% in the 3rd quarter. Paragon Advisors LLC now owns 23,459 shares of the semiconductor company’s stock valued at $7,707,000 after acquiring an additional 2,345 shares in the last quarter. Institutional investors own 84.61% of the company’s stock.

Insider Buying and Selling at Lam Research

In other 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 transaction of $1,512,300.00. Following the completion of the sale, the insider owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the sale, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This represents a 31.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of LRCX stock opened at $200.44 on Monday. The stock has a market cap of $250.38 billion, a P/E ratio of 29.87, a P/E/G ratio of 0.74 and a beta of 1.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86. The company has a fifty day moving average price of $284.37 and a two-hundred day moving average price of $283.67. Lam Research Corporation has a one year low of $135.50 and a one year high of $438.50.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The business had revenue of $8.22 billion for the quarter, compared to analyst estimates of $8.14 billion. During the same period in the previous year, the firm earned $1.26 EPS. The firm’s revenue was up 54.4% compared to the same quarter last year. As a group, equities analysts predict that Lam Research Corporation will post 9.59 EPS for the current year.

Lam Research announced that its Board of Directors has authorized a stock repurchase program on Thursday, November 5th that allows the company to repurchase $25 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Investors of record on Wednesday, December 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.32 annualized dividend and a yield of 0.7%. Lam Research’s payout ratio is 19.67%.

Lam Research News Summary

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Mizuho reduced their target price on shares of Lam Research from $365.00 to $360.00 and set an “outperform” rating for the company in a research note on Thursday, October 22nd. UBS Group restated a “buy” rating and issued a $400.00 price target (down from $425.00) on shares of Lam Research in a report on Thursday, October 22nd. Morgan Stanley set a $339.00 price objective on Lam Research and gave the stock an “overweight” rating in a research report on Thursday, October 22nd. Citigroup reaffirmed a “buy” rating and set a $435.00 price objective (down from $450.00) on shares of Lam Research in a research report on Thursday, October 22nd. Finally, Jefferies Financial Group set a $335.00 price objective on Lam Research and gave the stock a “buy” rating in a report on Thursday, July 30th. Twenty-six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $360.23.

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.