Lam Research Corporation $LRCX Stock Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 3.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 137,315 shares of the semiconductor company’s stock after buying an additional 4,648 shares during the period. Lam Research comprises approximately 1.0% of PBU The Pension Fund of Early Childhood & Youth Educators’ investment portfolio, making the stock its 16th biggest position. PBU The Pension Fund of Early Childhood & Youth Educators’ holdings in Lam Research were worth $45,109,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LRCX. William Mack & Associates Inc. acquired a new stake in shares of Lam Research during the 3rd quarter valued at $25,000. Paladin Partners LLC acquired a new position in Lam Research in the 2nd quarter worth about $26,000. Quintet Private Bank Europe S.A. increased its holdings in Lam Research by 100.0% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 100 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 50 shares in the last quarter. Dakota Community Bank & Trust NA acquired a new position in Lam Research in the 3rd quarter worth about $33,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in Lam Research in the second quarter valued at about $35,000. 84.61% of the stock is currently owned by institutional investors.

Insider Transactions at Lam Research

In related news, Director Bethany Mayer sold 9,557 shares of Lam Research stock in a transaction that occurred on 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 transaction, the director directly owned 20,995 shares of the company’s stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 14,573 shares of company stock valued at $4,523,606 over the last 90 days. 0.31% of the stock is owned by corporate insiders.

Top Lam Research Stories

These are some of the LRCX stories that stood out recently:

• 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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LRCX shares. Bank of America reissued a “buy” rating and set a $345.00 price target on shares of Lam Research in a research note on Thursday, October 22nd. Berenberg Bank set a $420.00 price objective on Lam Research in a research note on Wednesday, September 9th. Wells Fargo & Company reiterated an “overweight” rating and issued a $350.00 price objective (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. HSBC reiterated a “hold” rating and issued a $333.00 price objective on shares of Lam Research in a report on Monday, July 27th. Finally, UBS Group reiterated a “buy” rating and set a $400.00 target price (down from $425.00) on shares of Lam Research in a research report on Thursday, October 22nd. Twenty-six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $357.57.

Lam Research Stock Performance

NASDAQ LRCX opened at $233.78 on Friday. The company has a market capitalization of $292.03 billion, a price-to-earnings ratio of 34.84, a PEG ratio of 0.87 and a beta of 1.97. The company has a quick ratio of 1.86, a current ratio of 2.48 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. The stock has a fifty day simple moving average of $279.00 and a 200 day simple moving average of $283.79.

Lam Research (NASDAQ:LRCX) last announced its 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. The firm 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%. The business’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 EPS. Sell-side analysts expect that Lam Research Corporation will post 9.60 EPS for the current year.

Lam Research announced that its board has authorized a stock buyback program on Thursday, November 5th that permits the company to repurchase $25 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 9% of its shares through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Lam Research Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 6th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Wednesday, December 2nd. Lam Research’s dividend payout ratio (DPR) is 19.67%.

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.