4,713 Lam Research Corporation $LRCX Shares Acquired by Calamos Advisors LLC

Calamos Advisors LLC boosted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 370,148 shares of the semiconductor company’s stock after purchasing an additional 4,713 shares during the quarter. Calamos Advisors LLC’s holdings in Lam Research were worth $121,597,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LRCX. William Mack & Associates Inc. bought a new position in shares of Lam Research in the third quarter valued at $25,000. Cedar Mountain Advisors LLC increased its position in shares of Lam Research by 242.9% during the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 85 shares in the last quarter. Paladin Partners LLC acquired a new stake in shares of Lam Research in the 2nd quarter worth about $26,000. Quintet Private Bank Europe S.A. raised its holdings in shares of 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 acquiring an additional 50 shares during the last quarter. Finally, Dakota Community Bank & Trust NA acquired a new stake in shares of Lam Research in the 3rd quarter worth about $33,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analyst Weigh In

LRCX has been the subject of several analyst reports. Fundamental Research set a $390.00 price objective on Lam Research in a research note on Thursday, October 1st. Zacks Research cut Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. Bank of America reiterated a “buy” rating and set a $345.00 price target on shares of Lam Research in a report on Thursday, October 22nd. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Finally, Citigroup reissued a “buy” rating and issued a $435.00 price target (down from $450.00) on shares of Lam Research in a research report on Thursday, October 22nd. Twenty-six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lam Research presently has a consensus rating of “Moderate Buy” and a consensus price target of $360.23.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of the business’s 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 sale, the insider directly 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. The sale was disclosed in a filing with the SEC, which is available 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 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 transaction, the director directly owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.31% of the company’s stock.

Lam Research Stock Performance

Shares of Lam Research stock traded up $15.24 on Friday, reaching $200.44. 17,943,382 shares of the company traded hands, compared to its average volume of 10,981,131. The company has a 50 day moving average of $284.37 and a 200 day moving average of $283.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86. Lam Research Corporation has a 52 week low of $135.50 and a 52 week high of $438.50. The firm has a market capitalization of $250.38 billion, a PE ratio of 29.87, a PEG ratio of 0.84 and a beta of 1.97.

Lam Research (NASDAQ:LRCX) last posted its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping 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 company had revenue of $8.22 billion for the quarter, compared to analysts’ expectations of $8.14 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. Lam Research’s revenue was up 54.4% on a year-over-year basis. Equities analysts forecast that Lam Research Corporation will post 9.59 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 2nd will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd. Lam Research’s dividend payout ratio (DPR) is currently 19.67%.

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

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

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.