Lam Research Corporation $LRCX Stock Sold by Buckhead Capital Management LLC

Buckhead Capital Management LLC trimmed its holdings in Lam Research Corporation (NASDAQ:LRCX) by 24.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,845 shares of the semiconductor company’s stock after selling 5,021 shares during the quarter. Lam Research accounts for 1.6% of Buckhead Capital Management LLC’s portfolio, making the stock its 15th largest holding. Buckhead Capital Management LLC’s holdings in Lam Research were worth $5,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LRCX. William Mack & Associates Inc. acquired a new position in Lam Research during the 3rd quarter valued at $25,000. Cedar Mountain Advisors LLC boosted its holdings in Lam Research by 242.9% in the 1st 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 in the 2nd quarter worth $26,000. Quintet Private Bank Europe S.A. grew its position 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 during the last quarter. Finally, Dakota Community Bank & Trust NA acquired a new stake in Lam Research in the 3rd quarter worth $33,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In related news, insider Ava Harter sold 5,000 shares of the company’s stock in a transaction dated 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 sale, 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 legal filing 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 company’s stock in a transaction dated 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 sale, the director directly owned 20,995 shares in the company, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their position. The SEC filing for this sale provides additional information. 0.31% of the stock is currently owned by insiders.

Lam Research Stock Up 8.2%

Shares of LRCX stock opened at $200.44 on Friday. Lam Research Corporation has a one year low of $135.50 and a one 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. The stock has a fifty day moving average price of $284.37 and a 200 day moving average price of $283.67. The stock has a market cap of $250.38 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 0.74 and a beta of 1.97.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $8.22 billion for the quarter, compared to analyst estimates of $8.14 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business’s revenue for the quarter was up 54.4% on a year-over-year basis. Analysts predict that Lam Research Corporation will post 9.59 earnings per share for the current year.

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

Lam Research Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, December 2nd. Lam Research’s payout ratio is 19.67%.

Trending Headlines about Lam Research

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

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Morgan Stanley set a $339.00 price objective on shares of Lam Research and gave the company an “overweight” rating in a research report on Thursday, October 22nd. 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 Lam Research in a research report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $375.00 price target on shares of Lam Research in a research note on Monday, October 19th. Finally, Evercore set a $315.00 price target on Lam Research in a report on Tuesday, October 20th. 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $360.23.

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.