Lam Research Corporation $LRCX Holdings Lessened by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. cut its stake in Lam Research Corporation (NASDAQ:LRCX) by 32.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 468,247 shares of the semiconductor company’s stock after selling 222,487 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Lam Research were worth $153,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. State Street Corp raised its position in Lam Research by 2.6% in 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 purchasing an additional 1,545,830 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of 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 boosted its stake in shares of 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 valued at $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 about $3,777,585,000. Finally, Amundi grew its position in shares of Lam Research by 23.7% during the first quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after buying an additional 1,942,862 shares in the last quarter. 84.61% of the stock is owned by institutional investors and hedge funds.

Lam Research Stock Down 0.9%

Shares of NASDAQ LRCX opened at $233.78 on Friday. The company has a market capitalization of $292.03 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth 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. The business has a 50-day moving average of $279.00 and a two-hundred day moving average of $283.79. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The business had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The business’s revenue for the quarter was up 54.4% on a year-over-year basis. On average, analysts forecast that Lam Research Corporation will post 9.60 earnings per share for the current fiscal year.

Lam Research Dividend Announcement

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

Lam Research declared that its board has approved a share buyback plan on Thursday, November 5th that authorizes the company to buy back $25 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 9% of its stock through open market purchases. Share repurchase plans are usually an indication that the company’s management believes its stock is undervalued.

Recent Lam Research Headlines

Investors following LRCX have been watching these headlines:

• 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
• Neutral Sentiment: Lam and LEGO Education announced a multiyear STEM education partnership, including a $15 million Lam Foundation grant over four years. It may support Lam’s reputation and future workforce development, but the commitment is unlikely to materially change near-term earnings. Lam and LEGO partnership announcement

Analyst Ratings Changes

A number of analysts recently weighed in on LRCX shares. Wall Street Zen upgraded shares of Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Berenberg Bank set a $420.00 target price on shares of Lam Research in a report on Wednesday, September 9th. B. Riley Financial decreased their price target on shares of Lam Research from $338.00 to $310.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley set a $339.00 price target on shares of Lam Research and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $350.00 price objective (down from $450.00) on shares of Lam Research in a research report on Thursday, July 30th. Twenty-six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $357.57.

Insider Buying and Selling

In related 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 value of $1,512,300.00. Following the completion of 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 SEC, which is available 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 that occurred 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 transaction, the director owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,573 shares of company stock valued at $4,523,606 over the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

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.