Keybank National Association OH Acquires 2,156 Shares of Lam Research Corporation $LRCX

Keybank National Association OH lifted its holdings in Lam Research Corporation (NASDAQ:LRCX) by 5.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,677 shares of the semiconductor company’s stock after buying an additional 2,156 shares during the quarter. Keybank National Association OH’s holdings in Lam Research were worth $15,005,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Paladin Partners LLC bought a new position in shares of Lam Research in the second quarter worth about $26,000. William Mack & Associates Inc. acquired a new position in shares of Lam Research during the third quarter worth approximately $25,000. Dakota Community Bank & Trust NA bought a new stake in shares of Lam Research during the third quarter valued at approximately $33,000. Quintet Private Bank Europe S.A. grew its stake in shares of Lam Research by 100.0% during the third quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 50 shares during the last quarter. Finally, Bravera Wealth bought a new stake in shares of Lam Research during the second quarter valued at approximately $46,000. 84.61% of the stock is owned by institutional investors.

Trending Headlines about Lam Research

Here are a few of the latest headlines about LRCX:

• Positive Sentiment: Lam’s shares rose alongside peers in a broad wafer-fabrication-equipment rally, suggesting a rebound in sector sentiment after the recent decline. Read More.
• Positive Sentiment: Gross margin reached a record 52.4% in Q1’27, helped by demand and product mix. ETFs also bought a net $231.4 million of LRCX on Monday, with more funds buying than selling. Read More. · Read More.
• Negative Sentiment: Despite the rebound, LRCX and other equipment stocks had recently suffered steep declines amid concerns about semiconductor spending. Supply constraints could also limit further margin improvement, while ETFs were net sellers on Nov. 6—evidence that sentiment and fund flows have been uneven. Read More. · Read More.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. HSBC reissued a “hold” rating and issued a $333.00 price target on shares of Lam Research in a report on Monday, July 27th. 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 report on Thursday, October 22nd. Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. Deutsche Bank reissued a “buy” rating and issued a $375.00 target price on shares of Lam Research in a research note on Monday, October 19th. Finally, Weiss Ratings cut Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, September 4th. Twenty-six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $357.57.

Lam Research Stock Performance

Lam Research stock opened at $235.88 on Thursday. 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 1 year low of $135.50 and a 1 year high of $438.50. The company has a market cap of $294.65 billion, a PE ratio of 35.15, a PEG ratio of 0.82 and a beta of 1.97. The company’s 50-day moving average is $280.09 and its two-hundred day moving average is $283.74.

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

Lam Research Announces Dividend

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

Lam Research announced that its board has approved a share repurchase plan on Thursday, November 5th that authorizes the company to repurchase $25 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to purchase up to 9% of its shares through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider owned 42,462 shares in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the 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 completion of the transaction, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. This trade represents a 31.28% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 14,573 shares of company stock worth $4,523,606. Insiders own 0.31% of the company’s stock.

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.