AG2R LA Mondiale Gestion D Actifs Takes Position in Lam Research Corporation $LRCX

Key Points

• AG2R LA Mondiale Gestion D Actifs has taken a new position in Lam Research Corporation, purchasing 47,972 shares valued at approximately $3.48 million.
• Lam Research reported a 33.6% year-over-year revenue increase, achieving $5.17 billion and earnings per share of $1.33, exceeding estimates by $0.12.
• The company announced a quarterly dividend increase to $0.26 per share, up from $0.23, and the ex-dividend date is set for September 24th.

AG2R LA Mondiale Gestion D Actifs purchased a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 47,972 shares of the semiconductor company's stock, valued at approximately $3,488,000.

Several other institutional investors and hedge funds also recently made changes to their positions in LRCX. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Lam Research in the first quarter valued at about $26,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Lam Research during the 4th quarter valued at about $27,000. Park Square Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter valued at about $31,000. Putney Financial Group LLC bought a new stake in shares of Lam Research during the 4th quarter valued at about $36,000. Finally, 1 North Wealth Services LLC bought a new stake in shares of Lam Research during the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Up 1.2%

Shares of NASDAQ:LRCX opened at $116.96 on Friday. The business's 50 day simple moving average is $101.07 and its two-hundred day simple moving average is $86.69. The firm has a market cap of $148.03 billion, a P/E ratio of 28.12, a PEG ratio of 1.49 and a beta of 1.76. 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 Corporation has a 52-week low of $56.32 and a 52-week high of $117.50.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's quarterly revenue was up 33.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, research analysts forecast that Lam Research Corporation will post 3.71 EPS 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 is a boost from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio is 22.12%.

Analyst Ratings Changes

Several equities research analysts recently commented on LRCX shares. Stifel Nicolaus upped their target price on Lam Research from $92.00 to $110.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Cantor Fitzgerald upped their target price on Lam Research from $115.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Oppenheimer upped their target price on Lam Research from $110.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Citigroup upped their target price on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Finally, Mizuho upped their target price on Lam Research from $120.00 to $130.00 and gave the company an "outperform" rating in a research report on Friday. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus target price of $107.96.

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.

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