3,105 Lam Research Corporation $LRCX Shares Purchased by Diversified Trust Co

Diversified Trust Co boosted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 8.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 40,373 shares of the semiconductor company’s stock after buying an additional 3,105 shares during the period. Diversified Trust Co’s holdings in Lam Research were worth $13,263,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Van ECK Associates Corp grew its stake 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 buying an additional 8,922,854 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Lam Research in the 2nd quarter valued at $3,777,585,000. Jennison Associates LLC raised its stake in shares of Lam Research by 296.9% in the 1st quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company’s stock valued at $720,740,000 after acquiring an additional 2,523,351 shares during the period. California Public Employees Retirement System raised its stake in shares of Lam Research by 50.6% in the 1st quarter. California Public Employees Retirement System now owns 5,870,899 shares of the semiconductor company’s stock valued at $1,254,376,000 after acquiring an additional 1,972,277 shares during the period. Finally, Amundi lifted its holdings in shares of 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 acquiring an additional 1,942,862 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Key Lam Research News

These are some of the LRCX news items that stood out recently:

• Positive Sentiment: Lam’s board authorized a share-repurchase program of up to $25 billion and reaffirmed its quarterly dividend at $0.33 per share, providing a potential source of shareholder returns. Article: Lam Research Just Gave Investors Something To Think About
• Positive Sentiment: Bernstein analyst Stacy Rasgon remains favorable on Lam after its steep recent decline, while Wells Fargo’s move to a neutral view on U.S. AI infrastructure suggests a less negative backdrop for the sector. Article: Lam Research Lost About 34% in a Month. Here’s Why Bernstein’s Rasgon Still Likes It
• Negative Sentiment: Lam shares fell alongside Applied Materials and KLA amid technology-sector selling linked to news of NVIDIA CEO Jensen Huang’s departure. The move points to continued sensitivity to AI and semiconductor-sector sentiment. Article: What’s Going On With Lam Research Stock Friday?

Insider Activity

In other news, insider Ava Harter sold 5,000 shares of the firm’s stock in a transaction dated 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 directly 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 legal filing with the Securities & Exchange Commission, which is available at 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 dated 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 in the company, 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. Insiders have sold 14,573 shares of company stock valued at $4,523,606 over the last 90 days. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on LRCX shares. Jefferies Financial Group set a $335.00 price target on shares of Lam Research and gave the stock a “buy” rating in a research report on Thursday, July 30th. UBS Group reissued a “buy” rating and issued a $400.00 price objective (down from $425.00) on shares of Lam Research in a research report on Thursday, October 22nd. Needham & Company LLC reduced their price objective on Lam Research from $390.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Bank of America reaffirmed a “buy” rating and issued a $345.00 target price on shares of Lam Research in a research report on Thursday, October 22nd. Finally, Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Twenty-six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.57.

Lam Research Price Performance

Shares of LRCX stock opened at $225.92 on Friday. The company has a market capitalization of $282.21 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.97. The firm has a fifty day simple moving average of $277.67 and a 200-day simple moving average of $283.73. 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 Corporation has a twelve month low of $135.50 and a twelve month high of $438.50.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, beating 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 business had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. During the same period last year, the business earned $1.26 EPS. The business’s revenue was up 54.4% on a year-over-year basis. Equities research analysts anticipate that Lam Research Corporation will post 9.60 earnings per share for the current fiscal year.

Lam Research declared that its Board of Directors has initiated a share buyback plan on Thursday, November 5th that allows the company to buy back $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 plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Lam Research Announces Dividend

The company also recently disclosed 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 0.6%. The ex-dividend date of this dividend is Wednesday, December 2nd. Lam Research’s dividend payout ratio is presently 19.67%.

Lam Research Company 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.