Lam Research Corporation $LRCX Stock: CenterBook Partners LP Increases Position

CenterBook Partners LP increased its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 582.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,000 shares of the semiconductor company’s stock after purchasing an additional 20,482 shares during the period. CenterBook Partners LP’s holdings in Lam Research were worth $7,884,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LRCX. William Mack & Associates Inc. purchased a new stake in shares of Lam Research during the third quarter valued at approximately $25,000. Cedar Mountain Advisors LLC boosted its stake in shares of Lam Research by 242.9% in the first quarter. Cedar Mountain Advisors LLC now owns 120 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 85 shares during the period. Paladin Partners LLC acquired a new stake in Lam Research during the 2nd quarter valued at $26,000. Quintet Private Bank Europe S.A. increased its stake in Lam Research by 100.0% during the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock worth $33,000 after buying an additional 50 shares during the period. Finally, Dakota Community Bank & Trust NA purchased a new stake in Lam Research during the 3rd quarter worth $33,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on LRCX. 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. Jefferies Financial Group set a $335.00 target price on Lam Research and gave the stock a “buy” rating in a research report on Thursday, July 30th. 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. Evercore set a $315.00 price target on shares of Lam Research in a research report on Tuesday, October 20th. Finally, Berenberg Bank set a $420.00 price target on shares of Lam Research in a research note on Wednesday, September 9th. Twenty-six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $360.23.

Insider Buying and Selling at Lam Research

In other Lam Research news, insider Ava Harter sold 5,000 shares of the business’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 $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $314.74, for a total transaction of $3,007,970.18. Following the sale, the director directly owned 20,995 shares in the company, valued at $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.31% of the company’s stock.

Lam Research News Summary

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: The authorization allows Lam Research to repurchase up to about 9% of its shares. Investors may view the plan as a sign of management confidence and a potential source of support for per-share earnings. Lam Research Shares Gain on $25 Billion Buyback Authorization
• Positive Sentiment: The company also declared a quarterly dividend of $0.33 per share, payable January 6 to shareholders of record December 2. Lam Research Corporation Announces $25 Billion Share Repurchase Authorization and Declares Quarterly Dividend
• Neutral Sentiment: The buyback has drawn attention to LRCX’s significant presence in semiconductor, technology and Nasdaq-100 funds; overlapping holdings could amplify the stock’s effect on investors’ portfolios in either direction. Own a Semiconductor ETF? Lam Research’s Buyback Move Affects You
• Negative Sentiment: Broader chip-sector volatility remains a risk: recent coverage cited concerns about AI-related spending, possible capital-expenditure slowdowns, regulation and investor profit-taking. Those worries could temper gains if they persist. Chip Stocks Just Had Their Second-Worst Day on Record

Lam Research Stock Up 8.2%

Lam Research stock traded up $15.24 during midday trading on Friday, hitting $200.44. The stock had a trading volume of 17,943,382 shares, compared to its average volume of 10,981,131. The company has a current ratio of 2.48, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27. The stock has a market cap of $250.38 billion, a P/E ratio of 29.87, a P/E/G ratio of 0.84 and a beta of 1.97. Lam Research Corporation has a 12 month low of $135.50 and a 12 month high of $438.50. The business has a fifty day moving average price of $284.37 and a 200 day moving average price of $283.67.

Lam Research (NASDAQ:LRCX) last released its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. Lam Research’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Research analysts predict that Lam Research Corporation will post 9.59 EPS for the current year.

Lam Research Announces Dividend

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 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 0.7%. Lam Research’s dividend payout ratio (DPR) is 19.67%.

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

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.