23,929 Lam Research Corporation $LRCX Shares Purchased by Brighton Jones LLC

Brighton Jones LLC lifted its position in Lam Research Corporation (NASDAQ:LRCX) by 86.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,700 shares of the semiconductor company’s stock after acquiring an additional 23,929 shares during the quarter. Brighton Jones LLC’s holdings in Lam Research were worth $16,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LRCX. Ethic Inc. grew its holdings in shares of Lam Research by 0.8% in the third quarter. Ethic Inc. now owns 174,686 shares of the semiconductor company’s stock valued at $57,386,000 after acquiring an additional 1,374 shares in the last quarter. Endowment Wealth Management Inc. purchased a new stake in shares of Lam Research during the third quarter valued at approximately $422,000. StoneX Group Inc. lifted its holdings in Lam Research by 78.7% during the third quarter. StoneX Group Inc. now owns 2,648 shares of the semiconductor company’s stock worth $860,000 after acquiring an additional 1,166 shares during the period. Kornitzer Capital Management Inc. KS lifted its holdings in Lam Research by 175.1% during the third quarter. Kornitzer Capital Management Inc. KS now owns 3,260 shares of the semiconductor company’s stock worth $1,071,000 after acquiring an additional 2,075 shares during the period. Finally, Eiger Wealth Management LLC bought a new stake in Lam Research during the third quarter worth $230,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research report on Saturday, October 24th. Morgan Stanley set a $339.00 target price on Lam Research and gave the company an “overweight” rating in a research report on Thursday, October 22nd. Zacks Research lowered Lam Research from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $375.00 target price on shares of Lam Research in a research note on Monday, October 19th. Finally, Needham & Company LLC cut their price target on shares of Lam Research from $390.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, October 22nd. Twenty-six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $360.23.

Lam Research Trading Up 8.2%

Shares of LRCX stock opened at $200.44 on Friday. The company has a 50 day moving average of $284.37 and a 200-day moving average of $283.67. 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 12-month low of $135.50 and a 12-month high of $438.50. The firm has a market cap of $250.38 billion, a P/E ratio of 29.87, a PEG ratio of 0.74 and a beta of 1.97.

Lam Research (NASDAQ:LRCX) last posted its quarterly 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 net margin of 32.34% and a return on equity of 72.15%. The company 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 posted $1.26 EPS. Lam Research’s revenue was up 54.4% on a year-over-year basis. Sell-side analysts anticipate that Lam Research Corporation will post 9.59 earnings per share for the current year.

Lam Research Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Shareholders of record on Wednesday, December 2nd will be paid a $0.33 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $1.32 annualized dividend and a dividend yield of 0.7%. Lam Research’s payout ratio is presently 19.67%.

Lam Research declared that its board has authorized a stock repurchase program on Thursday, November 5th that allows the company to repurchase $25 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 9% of its shares through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

More Lam Research News

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

Insider Buying and Selling at Lam Research

In other news, 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 completion of the transaction, the director owned 20,995 shares in the company, valued at approximately $6,607,966.30. This represents a 31.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ava Harter sold 5,000 shares of Lam Research stock in a transaction dated 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 completion of the sale, the insider directly owned 42,462 shares of the company’s stock, valued at approximately $12,843,056.52. This trade represents a 10.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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.