Walter Public Investments Inc. Makes New $4.60 Million Investment in Lam Research Corporation $LRCX

Walter Public Investments Inc. bought a new position in shares of Lam Research Corporation (NASDAQ:LRCX) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 13,994 shares of the semiconductor company’s stock, valued at approximately $4,597,000.

Several other large investors have also recently bought and sold shares of LRCX. Polaris Financial Partners acquired a new position in Lam Research in the 3rd quarter valued at approximately $4,814,000. Bank of America Corp DE lifted its position in shares of 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 worth $4,872,426,000 after acquiring an additional 584,489 shares during the period. Rokos Capital Management LLP grew its holdings in shares of Lam Research by 42.0% during the 1st quarter. Rokos Capital Management LLP now owns 259,921 shares of the semiconductor company’s stock worth $55,532,000 after purchasing an additional 76,840 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Lam Research during the 1st quarter worth approximately $59,973,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Lam Research by 50.7% during the 1st quarter. Meeder Asset Management Inc. now owns 37,383 shares of the semiconductor company’s stock worth $7,987,000 after purchasing an additional 12,574 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research News Summary

Here’s some of the latest news about LRCX:

• Positive Sentiment: Lam’s shares rose alongside peers in a broad wafer-fabrication-equipment rally, suggesting a rebound in sector sentiment after the recent decline. 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.
• Neutral Sentiment: Lam named longtime employee Kim Tae-won to lead its Korean operations, a region important to the company’s relationships with major chipmakers. The appointment may aid execution but has no clear immediate financial impact. Read More.

Lam Research Stock Up 6.1%

Shares of LRCX opened at $235.88 on Thursday. The stock has a market cap of $294.65 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 0.82 and a beta of 1.97. 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 company has a 50-day moving average price of $280.09 and a two-hundred day moving average price of $283.74.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, beating 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 company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The company’s quarterly revenue was up 54.4% on a year-over-year basis. Equities analysts predict that Lam Research Corporation will post 9.60 EPS for the current fiscal year.

Lam Research announced that its Board of Directors has approved a stock buyback plan on Thursday, November 5th that permits the company to buy back $25 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Lam Research Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 6th. Investors 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 0.6%. The ex-dividend date is Wednesday, December 2nd. Lam Research’s dividend payout ratio (DPR) is 19.67%.

Insider Activity at Lam Research

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the sale, the director directly owned 20,995 shares in the company, valued at $6,607,966.30. This represents a 31.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 5,000 shares of the 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 owned 42,462 shares of the company’s stock, valued at $12,843,056.52. This represents a 10.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,573 shares of company stock valued at $4,523,606 in the last 90 days. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Needham & Company LLC lowered their price objective on Lam Research from $390.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, October 22nd. UBS Group reaffirmed a “buy” rating and issued a $400.00 target price (down from $425.00) on shares of Lam Research in a research report on Thursday, October 22nd. Berenberg Bank set a $420.00 price target on shares of Lam Research in a research note on Wednesday, September 9th. Bank of America reiterated a “buy” rating and set a $345.00 price target on shares of Lam Research in a research note on Thursday, October 22nd. Finally, Zacks Research lowered shares of Lam Research from a “strong-buy” rating to a “hold” 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 company. According to data from MarketBeat.com, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $357.57.

About Lam Research

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.