Gamco Investors INC. ET AL bought a new stake in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 3,182 shares of the semiconductor company’s stock, valued at approximately $680,000.
Other hedge funds have also recently bought and sold shares of the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Lam Research in the 4th quarter valued at $10,035,000. Generali Investments Management Co LLC lifted its holdings in shares of Lam Research by 62.0% during the 4th quarter. Generali Investments Management Co LLC now owns 36,274 shares of the semiconductor company’s stock worth $6,209,000 after acquiring an additional 13,878 shares during the period. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Lam Research during the 1st quarter valued at about $59,973,000. Krilogy Financial LLC boosted its position in shares of Lam Research by 19.5% during the 1st quarter. Krilogy Financial LLC now owns 28,111 shares of the semiconductor company’s stock valued at $6,006,000 after acquiring an additional 4,584 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Lam Research in the first quarter valued at about $26,489,000. 84.61% of the stock is owned by institutional investors.
Insider Transactions at Lam Research
In related news, Director Eric Brandt sold 54,500 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total transaction of $19,118,600.00. Following the sale, the director directly owned 199,205 shares in the company, valued at $69,881,114. This represents a 21.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of Lam Research stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 98,611 shares of company stock valued at $32,250,190. Corporate insiders own 0.31% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Lam Research
Lam Research Trading Down 7.5%
Shares of LRCX stock opened at $269.61 on Wednesday. Lam Research Corporation has a 12-month low of $90.93 and a 12-month high of $438.50. The company has a market capitalization of $337.17 billion, a P/E ratio of 50.87, a P/E/G ratio of 1.73 and a beta of 1.80. The firm has a 50-day moving average price of $341.94 and a 200 day moving average price of $275.43. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35.
Lam Research Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Wednesday, June 17th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, June 17th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research’s dividend payout ratio (DPR) is presently 19.62%.
More Lam Research News
Here are the key news stories impacting Lam Research this week:
- Positive Sentiment: AI data-center construction and increased memory spending are supporting demand for Lam Research’s wafer-fabrication equipment. The company’s prior quarter included $5.84 billion in revenue and record non-GAAP EPS of $1.47, which exceeded estimates by 8.1%. Lam Research Rose on AI Data Center and Memory Spending
- Positive Sentiment: Analysts and market commentary remain constructive on semiconductor capital spending, with AI-related investment and memory demand viewed as important growth drivers for Lam Research heading into earnings. Lam Research to Report Q4 Results Amid Robust AI-Driven Semiconductor Spending
- Neutral Sentiment: Lam Research is scheduled to report fiscal fourth-quarter results after the market closes on July 29. Investors will likely watch revenue, earnings, memory-equipment demand and management’s outlook for continued AI-related spending. Earnings To Watch: Lam Research Reports Q2 Results Tomorrow
- Negative Sentiment: Chip stocks were among the market’s weakest performers during the latest session, placing pressure on Lam Research despite its favorable industry outlook. The upcoming earnings release also creates near-term volatility and disappointment risk, particularly after a strong AI-led rally. Most Stocks Are Higher Despite the S&P 500’s Reversal
Lam Research Profile
Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.
Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.
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