Lam Research Corporation $LRCX Stock Sold by Werba Rubin Papier Wealth Management

Werba Rubin Papier Wealth Management lessened its holdings in Lam Research Corporation (NASDAQ:LRCX) by 52.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,503 shares of the semiconductor company’s stock after selling 6,104 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Lam Research were worth $1,808,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Welch Financial Planning LLC increased its position in shares of Lam Research by 10.3% during the 3rd quarter. Welch Financial Planning LLC now owns 738 shares of the semiconductor company’s stock valued at $242,000 after purchasing an additional 69 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. raised its stake in shares of Lam Research by 312.7% during the 3rd quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 1,626 shares of the semiconductor company’s stock worth $534,000 after purchasing an additional 1,232 shares during the period. CENTRAL TRUST Co raised its stake in shares of Lam Research by 0.3% during the 3rd quarter. CENTRAL TRUST Co now owns 18,735 shares of the semiconductor company’s stock worth $6,155,000 after purchasing an additional 65 shares during the period. Fifth Third Bancorp raised its stake in shares of Lam Research by 1.6% during the 3rd quarter. Fifth Third Bancorp now owns 535,838 shares of the semiconductor company’s stock worth $176,028,000 after purchasing an additional 8,331 shares during the period. Finally, Artemis Wealth Advisors LLC boosted its holdings in shares of Lam Research by 6.2% in the 3rd quarter. Artemis Wealth Advisors LLC now owns 42,500 shares of the semiconductor company’s stock worth $13,962,000 after buying an additional 2,500 shares during the last quarter. 84.61% of the stock is owned by institutional investors.

Top Lam Research Stories

Here are a few of the latest stories about LRCX:

• 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
• Negative Sentiment: Despite a recent multi-session rebound, Lam remains below its 50-day moving average, and reports describe a roughly 34% decline over the past month. The sharp volatility and lingering pressure on semiconductor-equipment shares may continue to weigh on sentiment. Lam Research share performance article

Wall Street Analyst Weigh In

LRCX has been the subject of several research reports. Mizuho reduced their price target on shares of Lam Research from $365.00 to $360.00 and set an “outperform” rating for the company in a research report on Thursday, October 22nd. Bank of America restated a “buy” rating and set a $345.00 price objective on shares of Lam Research in a report on Thursday, October 22nd. Deutsche Bank reaffirmed a “buy” rating and issued a $375.00 price objective on shares of Lam Research in a research report on Monday, October 19th. Fundamental Research set a $390.00 target price on shares of Lam Research in a research note on Thursday, October 1st. Finally, Jefferies Financial Group set a $335.00 target price on shares of Lam Research and gave the company a “buy” rating in a research report on Thursday, July 30th. Twenty-six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $357.57.

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of the stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the completion of the transaction, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This trade 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 dated 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 completion of the transaction, the director owned 20,995 shares of the company’s stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 14,573 shares of company stock worth $4,523,606 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Lam Research Stock Performance

Shares of LRCX opened at $233.78 on Friday. The firm has a market cap of $292.03 billion, a PE ratio of 34.84, a PEG ratio of 0.87 and a beta of 1.97. The stock’s fifty day moving average price is $279.00 and its two-hundred day moving average price is $283.79. 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 1 year low of $135.50 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, beating 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 business’s revenue for the quarter was up 54.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 EPS. On average, equities research analysts forecast that Lam Research Corporation will post 9.60 EPS for the current year.

Lam Research Dividend Announcement

The company also recently disclosed 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. This represents a $1.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, December 2nd. Lam Research’s payout ratio is currently 19.67%.

Lam Research declared that its board has approved a stock buyback program on Thursday, November 5th that allows the company to repurchase $25 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 9% of its stock through open market purchases. Share repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.