Leelyn Smith LLC Boosts Holdings in Lam Research Corporation $LRCX

Leelyn Smith LLC boosted its position in Lam Research Corporation (NASDAQ:LRCX) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,327 shares of the semiconductor company’s stock after buying an additional 398 shares during the period. Leelyn Smith LLC’s holdings in Lam Research were worth $1,979,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Lam Research by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock worth $9,389,358,000 after purchasing an additional 8,364,375 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Lam Research during the 1st quarter worth $604,344,000. Price T Rowe Associates Inc. MD boosted its position in shares of Lam Research by 99.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock worth $417,242,000 after purchasing an additional 2,864,863 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of Lam Research by 34.1% during the 2nd quarter. Nordea Investment Management AB now owns 10,594,574 shares of the semiconductor company’s stock worth $1,029,210,000 after purchasing an additional 2,692,189 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Lam Research by 9,978.3% during the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company’s stock worth $170,787,000 after buying an additional 2,327,041 shares during the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LRCX has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Lam Research in a research note on Wednesday, October 8th. Wall Street Zen raised Lam Research from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. TD Cowen lifted their price objective on Lam Research from $145.00 to $170.00 and gave the stock a “buy” rating in a research report on Thursday. Zacks Research upgraded Lam Research from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, Barclays set a $142.00 price objective on Lam Research and gave the stock an “equal weight” rating in a research report on Monday. One research 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. Based on data from MarketBeat, Lam Research has a consensus rating of “Moderate Buy” and a consensus price target of $147.21.

Lam Research Stock Up 2.8%

Shares of NASDAQ:LRCX opened at $151.68 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.55 and a current ratio of 2.21. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The stock has a market capitalization of $191.27 billion, a P/E ratio of 33.41, a PEG ratio of 1.76 and a beta of 1.84. The stock has a 50-day simple moving average of $123.23 and a 200-day simple moving average of $99.60.

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

Lam Research Increases Dividend

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

Insider Buying and Selling

In related news, SVP Vahid Vahedi sold 52,190 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares of the company’s stock, valued at approximately $34,870,428.30. The trade was a 17.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.31% of the company’s stock.

Lam Research Company Profile

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.