31,589 Lam Research Corporation $LRCX Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 25.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,865 shares of the semiconductor company’s stock after selling 31,589 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Lam Research were worth $30,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Lam Research by 2.6% in the second 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 during the period. Bank of America Corp DE boosted its holdings in 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 purchasing an additional 584,489 shares in the last quarter. Van ECK Associates Corp boosted its holdings in 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 purchasing an additional 8,922,854 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Lam Research during the 2nd quarter worth approximately $3,777,585,000. Finally, Amundi increased its position in Lam Research by 23.7% during the 1st quarter. Amundi now owns 10,147,479 shares of the semiconductor company’s stock worth $2,168,107,000 after purchasing an additional 1,942,862 shares during the period. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Stock Up 6.1%

LRCX stock opened at $235.88 on Thursday. 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 company’s 50-day moving average price is $280.09 and its 200 day moving average price is $283.74. Lam Research Corporation has a 52 week low of $135.50 and a 52 week high of $438.50. The company has a market cap of $294.65 billion, a P/E ratio of 35.15, a P/E/G ratio of 0.82 and a beta of 1.97.

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

Lam Research Dividend Announcement

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

Lam Research declared that its Board of Directors has initiated a share repurchase program 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 shares through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LRCX. Berenberg Bank set a $420.00 target price on Lam Research in a research note on Wednesday, September 9th. Wall Street Zen upgraded Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Mizuho dropped their price objective on Lam Research from $365.00 to $360.00 and set an “outperform” rating on the stock in a report on Thursday, October 22nd. Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 22nd. Finally, Fundamental Research set a $390.00 price objective on Lam Research in a research report on Thursday, October 1st. 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, Lam Research has an average rating of “Moderate Buy” and an average price target of $357.57.

Key Lam Research News

Here’s some of the latest news about LRCX:

• Positive Sentiment: The board authorized up to $25 billion in share repurchases with no set end date and reaffirmed the $0.33 quarterly dividend. The buyback could support shareholder returns and demand for the stock, although it does not by itself resolve concerns about growth. Read More.
• Positive Sentiment: Gross margin reached a record 52.4% in Q1’27, helped by demand and product mix. ETFs also bought a net $231.4 million of LRCX on Monday, with more funds buying than selling. Read More. · Read More.
• Negative Sentiment: Despite the rebound, LRCX and other equipment stocks had recently suffered steep declines amid concerns about semiconductor spending. Supply constraints could also limit further margin improvement, while ETFs were net sellers on Nov. 6—evidence that sentiment and fund flows have been uneven. Read More. · Read More.

Insider Buying and Selling

In related news, Director Bethany Mayer sold 9,557 shares of Lam Research 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 completion of the transaction, the director directly owned 20,995 shares of the company’s stock, valued at approximately $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction 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 transaction, the insider directly owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,573 shares of company stock worth $4,523,606. Insiders own 0.31% of the company’s stock.

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.