Mainstay Capital Management LLC ADV Has $5.76 Million Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Mainstay Capital Management LLC ADV increased its holdings in Lam Research Corporation by 107.2% in Q2, owning 59,216 shares worth approximately $5.76 million.
• The company reported a 29.07% net margin and earnings per share (EPS) of $1.33 for the latest quarter, surpassing analysts' expectations of $1.21.
• Lam Research announced a quarterly dividend increase to $0.26, representing a 0.7% dividend yield, payable on October 15th.

Mainstay Capital Management LLC ADV lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 107.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,216 shares of the semiconductor company's stock after acquiring an additional 30,632 shares during the quarter. Lam Research makes up about 0.3% of Mainstay Capital Management LLC ADV's investment portfolio, making the stock its 26th largest position. Mainstay Capital Management LLC ADV's holdings in Lam Research were worth $5,764,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Lam Research by 6.9% during the first quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company's stock worth $9,389,358,000 after buying an additional 8,364,375 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Lam Research by 2.8% in the 1st quarter. Invesco Ltd. now owns 17,330,771 shares of the semiconductor company's stock valued at $1,259,947,000 after purchasing an additional 472,636 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Lam Research by 25.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,536,708 shares of the semiconductor company's stock worth $693,319,000 after purchasing an additional 1,953,221 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Lam Research by 4.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 8,900,506 shares of the semiconductor company's stock valued at $647,067,000 after purchasing an additional 418,077 shares during the last quarter. Finally, Nuveen LLC bought a new position in Lam Research during the first quarter worth about $604,344,000. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX opened at $142.54 on Thursday. The stock has a market capitalization of $179.75 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 1.71 and a beta of 1.84. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $153.70. The stock has a 50 day moving average price of $113.18 and a 200 day moving average price of $93.66. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.12. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same period last year, the firm posted $1.03 earnings per share. The business's revenue was up 33.6% on a year-over-year basis. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Analysts predict that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is currently 25.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on LRCX. Needham & Company LLC increased their price target on shares of Lam Research from $110.00 to $115.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Lam Research from a "hold" rating to a "buy" rating and increased their target price for the stock from $100.00 to $150.00 in a report on Monday, September 29th. Weiss Ratings reissued a "buy (b-)" rating on shares of Lam Research in a report on Wednesday. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, October 4th. Finally, KeyCorp lifted their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Twenty-three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.00.

Lam Research 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.

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