May Hill Capital LLC Increases Holdings in Lam Research Corporation $LRCX

May Hill Capital LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 6.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,570 shares of the semiconductor company’s stock after purchasing an additional 520 shares during the quarter. May Hill Capital LLC’s holdings in Lam Research were worth $834,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. GWN Securities Inc. lifted its holdings in shares of Lam Research by 7.2% in the second quarter. GWN Securities Inc. now owns 4,224 shares of the semiconductor company’s stock worth $414,000 after buying an additional 284 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in Lam Research by 19.1% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 365,060 shares of the semiconductor company’s stock valued at $35,535,000 after acquiring an additional 58,500 shares in the last quarter. AustralianSuper Pty Ltd bought a new stake in Lam Research during the 2nd quarter worth approximately $31,635,000. Convergence Investment Partners LLC lifted its stake in Lam Research by 35.7% in the 2nd quarter. Convergence Investment Partners LLC now owns 27,704 shares of the semiconductor company’s stock worth $2,697,000 after purchasing an additional 7,282 shares in the last quarter. Finally, Brookwood Investment Group LLC purchased a new position in shares of Lam Research during the 2nd quarter valued at $234,000. Institutional investors own 84.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LRCX. HSBC set a $127.00 price objective on Lam Research and gave the stock a “hold” rating in a research report on Tuesday, September 30th. Argus lifted their price target on Lam Research from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 1st. The Goldman Sachs Group boosted their price objective on Lam Research from $115.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. TD Cowen raised their target price on shares of Lam Research from $145.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $170.00 target price on shares of Lam Research in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average target price of $148.83.

Lam Research Stock Performance

NASDAQ LRCX opened at $156.90 on Tuesday. The company has a 50-day simple moving average of $124.39 and a two-hundred day simple moving average of $100.67. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $158.25. The firm has a market cap of $197.86 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 1.66 and a beta of 1.84. The company has a quick ratio of 1.60, a current ratio of 2.21 and a debt-to-equity ratio of 0.37.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 22nd. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.23 billion. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company’s quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 earnings per share. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. On average, equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th were given a $0.26 dividend. The ex-dividend date was Wednesday, September 24th. This is an increase from Lam Research’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.7%. Lam Research’s dividend payout ratio is presently 22.91%.

Insider Activity

In other news, SVP Vahid Vahedi sold 52,190 shares of the firm’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This trade represents a 17.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.