Heron Bay Capital Management Boosts Position in Lam Research Corporation $LRCX

Heron Bay Capital Management grew its position in Lam Research Corporation (NASDAQ:LRCX) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,869 shares of the semiconductor company’s stock after buying an additional 8,134 shares during the quarter. Lam Research accounts for approximately 1.7% of Heron Bay Capital Management’s holdings, making the stock its 19th biggest holding. Heron Bay Capital Management’s holdings in Lam Research were worth $8,845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LRCX. Sava Infond d.o.o. raised its position in Lam Research by 3.1% during the second quarter. Sava Infond d.o.o. now owns 75,250 shares of the semiconductor company’s stock worth $7,325,000 after acquiring an additional 2,250 shares during the last quarter. Empowered Funds LLC raised its position in shares of Lam Research by 10.5% during the 1st quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company’s stock worth $13,629,000 after purchasing an additional 17,833 shares during the last quarter. Genus Capital Management Inc. purchased a new stake in Lam Research in the 2nd quarter valued at approximately $14,476,000. Cookson Peirce & Co. Inc. acquired a new stake in Lam Research during the 1st quarter valued at $607,000. Finally, Glass Wealth Management Co LLC increased its position in Lam Research by 8.5% during the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company’s stock worth $2,810,000 after buying an additional 2,270 shares in the last quarter. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Price Performance

Lam Research stock opened at $142.65 on Friday. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $167.15. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.21. The firm has a 50 day moving average price of $144.17 and a 200 day moving average price of $111.89. The company has a market cap of $179.17 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 1.68 and a beta of 1.87.

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

Lam Research Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Wednesday, December 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 3rd. Lam Research’s payout ratio is 22.91%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LRCX. Oppenheimer set a $200.00 price objective on Lam Research and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Cantor Fitzgerald restated an “overweight” rating and issued a $170.00 target price on shares of Lam Research in a report on Thursday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of Lam Research from $113.00 to $165.00 and gave the stock an “overweight” rating in a report on Thursday, October 23rd. Mizuho upped their price objective on shares of Lam Research from $162.00 to $170.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Finally, Stifel Nicolaus set a $160.00 target price on shares of Lam Research and gave the stock a “buy” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.04.

Insider Transactions at Lam Research

In other news, Director Bethany Mayer sold 1,298 shares of Lam Research stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $159.99, for a total value of $207,667.02. Following the transaction, the director directly owned 1,652 shares of the company’s stock, valued at $264,303.48. The trade was a 44.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ava Harter sold 9,010 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $157.47, for a total value of $1,418,804.70. Following the sale, the insider owned 56,786 shares of the company’s stock, valued at $8,942,091.42. The trade was a 13.69% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 102,608 shares of company stock valued at $14,916,496. 0.31% of the stock is owned by company insiders.

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.