5,184 Lam Research Corporation $LRCX Shares Sold by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 32.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,690 shares of the semiconductor company’s stock after selling 5,184 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Lam Research were worth $3,512,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Signature Equity Partners LLC lifted its stake in shares of Lam Research by 21.7% in the third quarter. Signature Equity Partners LLC now owns 1,217 shares of the semiconductor company’s stock worth $400,000 after buying an additional 217 shares in the last quarter. Summit Wealth Group LLC Co. increased its position in shares of Lam Research by 18.9% during the third quarter. Summit Wealth Group LLC Co. now owns 1,772 shares of the semiconductor company’s stock valued at $582,000 after acquiring an additional 282 shares in the last quarter. TSG Advice Partners LLC purchased a new position in Lam Research in the 3rd quarter worth approximately $701,000. One Way Holdings LLC raised its holdings in Lam Research by 2.8% in the 3rd quarter. One Way Holdings LLC now owns 119,330 shares of the semiconductor company’s stock worth $39,201,000 after acquiring an additional 3,220 shares during the last quarter. Finally, Welch Group LLC raised its holdings in Lam Research by 12.0% in the 3rd quarter. Welch Group LLC now owns 2,840 shares of the semiconductor company’s stock worth $933,000 after acquiring an additional 304 shares during the last quarter. 84.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, 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 owned 20,995 shares of the company’s stock, valued at $6,607,966.30. This represents a 31.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ava Harter sold 5,000 shares of the 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 completion of the transaction, the insider owned 42,462 shares in the company, valued at $12,843,056.52. This trade represents a 10.53% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 22nd. Wells Fargo & Company reissued an “overweight” rating and issued a $350.00 target price (down from $450.00) on shares of Lam Research in a report on Thursday, July 30th. UBS Group restated a “buy” rating and issued a $400.00 price target (down from $425.00) on shares of Lam Research in a research note on Thursday, October 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $375.00 price target on shares of Lam Research in a report on Monday, October 19th. Finally, Jefferies Financial Group set a $335.00 price target on Lam Research and gave the company a “buy” rating in a report on Thursday, July 30th. Twenty-six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $360.23.

Lam Research Price Performance

NASDAQ LRCX opened at $230.72 on Wednesday. The stock has a market capitalization of $288.21 billion, a price-to-earnings ratio of 34.38, a PEG ratio of 0.84 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. The business’s fifty day moving average price is $291.15 and its 200-day moving average price is $283.95.

Lam Research (NASDAQ:LRCX) last issued its quarterly earnings data 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 company had revenue of $8.22 billion during the quarter, compared to analyst estimates of $8.14 billion. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. Lam Research’s revenue was up 54.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 earnings per share. On average, equities analysts predict that Lam Research Corporation will post 9.59 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 23rd were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, September 23rd. This is a positive change from Lam Research’s previous quarterly dividend of $0.26. This represents a $1.32 annualized dividend and a yield of 0.6%. Lam Research’s payout ratio is 19.67%.

Lam Research News Summary

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Reports pointed to strong AI-chip demand and December-quarter guidance that helped support a Tuesday rebound; Jim Cramer’s endorsement also added to the positive sentiment. What Is Going on With Lam Research Stock on Tuesday? The wider semiconductor sector’s recovery provided another tailwind. Lam Research Stock Rises Amid Semiconductor Sector Rebound
• Positive Sentiment: Bernstein reportedly sees 53% potential upside after LRCX fell 34% over the past month, suggesting some analysts view the selloff as an opportunity. Bernstein Sees Upside in Lam Research
• Neutral Sentiment: Lam reported a record September quarter, with revenue of $8.22 billion and net income of $2.75 billion. Its December-quarter revenue outlook of about $8.6 billion and EPS guidance near $2.33 were broadly in line with expectations, limiting the positive surprise. Should Cautious Guidance Require Action From Lam Research Investors?
• Negative Sentiment: Component shortages could constrain execution, while management expects China-related revenue to decline in the near term. These risks, alongside concerns about AI spending across chip-equipment makers, contributed to the post-earnings selloff and may keep volatility elevated. Is Lam Research Stock’s Fall a Bargain or a Warning?

Lam Research Company Profile

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor equipment company that develops and manufactures systems used to fabricate integrated circuits. Its technologies support key stages of wafer processing, helping semiconductor manufacturers create the increasingly complex structures found in memory, logic and other types of chips.

The company’s product portfolio includes etch systems, which selectively remove materials from wafers; deposition systems, which apply thin films; and cleaning solutions used to remove contaminants and residue during manufacturing.