Lam Research Corporation $LRCX Stock Sold by Means Investment CO. Inc.

Means Investment CO. Inc. trimmed its stake in Lam Research Corporation (NASDAQ:LRCX) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,072 shares of the semiconductor company’s stock after selling 3,166 shares during the period. Lam Research comprises approximately 1.2% of Means Investment CO. Inc.’s investment portfolio, making the stock its 19th biggest position. Means Investment CO. Inc.’s holdings in Lam Research were worth $17,106,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp raised its position in shares of Lam Research by 2.6% during the second quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock worth $26,320,468,000 after acquiring an additional 1,545,830 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Lam Research by 5.5% in 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 period. Van ECK Associates Corp boosted its holdings in Lam Research by 411.8% in the second quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock valued at $4,805,368,000 after acquiring an additional 8,922,854 shares during the last quarter. Amundi increased its position in Lam Research by 23.7% during the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock valued at $2,168,107,000 after purchasing an additional 1,942,862 shares during the period. Finally, Janus Henderson Group PLC increased its position in Lam Research by 2.0% during the 1st quarter. Janus Henderson Group PLC now owns 9,265,026 shares of the semiconductor company’s stock valued at $1,975,244,000 after purchasing an additional 181,087 shares during the period. 84.61% of the stock is owned by institutional investors.

Lam Research Price Performance

Shares of LRCX opened at $200.44 on Monday. Lam Research Corporation has a 52-week low of $135.50 and a 52-week high of $438.50. 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 business’s 50 day moving average price is $284.37 and its two-hundred day moving average price is $283.67. The firm has a market cap of $250.38 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 0.74 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. The firm had revenue of $8.22 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 EPS. On average, equities analysts anticipate that Lam Research Corporation will post 9.59 EPS for the current year.

Lam Research announced that its board has authorized a share buyback program on Thursday, November 5th that allows the company to buy back $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 usually an indication that the company’s leadership believes its stock is undervalued.

Lam Research Dividend Announcement

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

Insider Buying and Selling

In other news, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider directly owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 shares were sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the completion of the sale, the director directly 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 position. The SEC filing for this sale provides additional information. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LRCX. Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 22nd. Citigroup reiterated 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. Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, July 30th. Fundamental Research set a $390.00 target price on shares of Lam Research in a report on Thursday, October 1st. Finally, Wall Street Zen raised shares of Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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

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.