Lam Research Corporation $LRCX Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 28.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,941 shares of the semiconductor company’s stock after selling 6,754 shares during the period. SVB Wealth LLC’s holdings in Lam Research were worth $5,565,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in Lam Research by 2.6% during the 2nd quarter. State Street Corp now owns 60,704,130 shares of the semiconductor company’s stock valued at $26,320,468,000 after buying an additional 1,545,830 shares in the last quarter. Bank of America Corp DE boosted its position in Lam Research by 5.5% in the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock valued at $4,872,426,000 after buying an additional 584,489 shares during the period. Van ECK Associates Corp grew its stake in Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company’s stock worth $4,805,368,000 after acquiring an additional 8,922,854 shares in the last quarter. Bank of New York Mellon Corp bought a new position in Lam Research in the 2nd quarter worth about $3,777,585,000. Finally, Amundi grew its stake in Lam Research by 23.7% in the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after acquiring an additional 1,942,862 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Performance

LRCX stock opened at $233.78 on Friday. Lam Research Corporation has a 1-year low of $135.50 and a 1-year high of $438.50. The business has a 50-day moving average price of $279.00 and a 200 day moving average price of $283.79. The company has a market capitalization of $292.03 billion, a P/E ratio of 34.84, a PEG ratio of 0.87 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.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the business earned $1.26 EPS. The firm’s quarterly revenue was up 54.4% on a year-over-year basis. As a group, equities research analysts forecast that Lam Research Corporation will post 9.60 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 2nd will be issued a $0.33 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.6%. Lam Research’s payout ratio is currently 19.67%.

Lam Research announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 5th that authorizes the company to buy back $25 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9% of its stock through open market purchases. Share buyback plans are often a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $350.00 target price (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. B. Riley Financial lowered their price target on Lam Research from $338.00 to $310.00 and set a “buy” rating for the company in a report on Monday. Berenberg Bank set a $420.00 price target on Lam Research in a report on Wednesday, September 9th. HSBC reissued a “hold” rating and issued a $333.00 price objective on shares of Lam Research in a research note on Monday, July 27th. Finally, Weiss Ratings downgraded Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Twenty-six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average price target of $357.57.

Key Headlines Impacting Lam Research

Here are a few of the latest headlines 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

Insider Activity at Lam Research

In other news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ava Harter sold 5,000 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,573 shares of company stock valued at $4,523,606 in the last ninety days. Corporate insiders own 0.31% of the company’s stock.

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.