2,735 Shares of Lam Research Corporation $LRCX Bought by Bernicke Wealth Management Ltd.

Bernicke Wealth Management Ltd. purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,735 shares of the semiconductor company’s stock, valued at approximately $898,000.

Other hedge funds have also made changes to their positions in the company. Polaris Financial Partners purchased a new stake in Lam Research during the 3rd quarter worth about $4,814,000. Bank of America Corp DE boosted its position in shares of Lam Research by 5.5% during the 2nd quarter. Bank of America Corp DE now owns 11,244,147 shares of the semiconductor company’s stock worth $4,872,426,000 after acquiring an additional 584,489 shares in the last quarter. Rokos Capital Management LLP increased its holdings in shares of Lam Research by 42.0% in the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock valued at $55,532,000 after acquiring an additional 76,840 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Lam Research in the 1st quarter valued at about $59,973,000. Finally, Meeder Asset Management Inc. increased its holdings in shares of Lam Research by 50.7% in the 1st quarter. Meeder Asset Management Inc. now owns 37,383 shares of the semiconductor company’s stock valued at $7,987,000 after acquiring an additional 12,574 shares during the last quarter. Institutional investors and hedge funds own 84.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LRCX shares. HSBC reissued a “hold” rating and set a $333.00 target price on shares of Lam Research in a research report on Monday, July 27th. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a report on Saturday, October 24th. Needham & Company LLC dropped their price target on shares of Lam Research from $390.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, October 22nd. Weiss Ratings cut shares of Lam Research from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, September 4th. Finally, Morgan Stanley set a $339.00 price objective on shares of Lam Research and gave the stock an “overweight” rating in a report on Thursday, October 22nd. Twenty-six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $357.57.

Lam Research News Summary

Here’s some of the latest news about LRCX:

• Positive Sentiment: Lam’s board authorized a share-repurchase program of up to $25 billion and reaffirmed its quarterly dividend at $0.33 per share, providing a potential source of shareholder returns. Article: Lam Research Just Gave Investors Something To Think About
• Neutral Sentiment: Lam committed $15 million over four years to a LEGO Education STEM initiative. The partnership supports future science and engineering talent, but is unlikely to materially affect near-term results. Article: Lam Research and LEGO Education Partnership
• Negative Sentiment: Lam shares fell alongside Applied Materials and KLA amid technology-sector selling linked to news of NVIDIA CEO Jensen Huang’s departure. The move points to continued sensitivity to AI and semiconductor-sector sentiment. Article: What’s Going On With Lam Research Stock Friday?

Lam Research Stock Performance

NASDAQ LRCX opened at $225.92 on Friday. The company has a fifty day moving average of $277.67 and a two-hundred day moving average of $283.73. The company has a market capitalization of $282.21 billion, a PE ratio of 33.67, a P/E/G ratio of 0.87 and a beta of 1.97. Lam Research Corporation has a 1 year low of $135.50 and a 1 year high of $438.50. 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 posted 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. 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 analysts’ expectations of $8.14 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business’s revenue was up 54.4% compared to the same quarter last year. As a group, analysts expect that Lam Research Corporation will post 9.60 earnings per share for the current year.

Lam Research Announces Dividend

The company also recently declared 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. This represents a $1.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Wednesday, December 2nd. Lam Research’s dividend payout ratio (DPR) is currently 19.67%.

Lam Research announced that its board has approved a stock repurchase plan on Thursday, November 5th that allows the company to repurchase $25 billion in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other Lam Research news, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction that occurred on Monday, August 31st. The stock was 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 of the company’s stock, 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 filing with the SEC, which is available at 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 business’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 SEC filing for this sale provides additional information. Insiders have sold a total of 14,573 shares of company stock worth $4,523,606 in the last 90 days. 0.31% of the stock is currently owned by company insiders.

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.