Canada Pension Plan Investment Board Buys 1,077,487 Shares of Lam Research Corporation $LRCX

Key Points

• The Canada Pension Plan Investment Board increased its stake in Lam Research Corporation by 66.4% during the first quarter, acquiring an additional 1,077,487 shares to reach a total of 2,699,143 shares, valued at approximately $196.2 million.
• Lam Research recently declared a quarterly dividend increase from $0.23 to $0.26 per share, reflecting a 1.0% dividend yield with a payout ratio of 22.12%.
• The company reported a 33.6% increase in revenue year-over-year, with quarterly earnings per share of $1.33, exceeding analysts' expectations.

Canada Pension Plan Investment Board raised its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 66.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,699,143 shares of the semiconductor company's stock after buying an additional 1,077,487 shares during the period. Canada Pension Plan Investment Board owned 0.21% of Lam Research worth $196,228,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LRCX. Pinnacle Financial Partners Inc acquired a new position in shares of Lam Research during the first quarter worth approximately $201,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Lam Research during the fourth quarter worth approximately $6,296,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Lam Research by 27.1% during the first quarter. China Universal Asset Management Co. Ltd. now owns 49,505 shares of the semiconductor company's stock worth $3,607,000 after purchasing an additional 10,565 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in shares of Lam Research during the first quarter worth approximately $607,000. Finally, First Citizens Bank & Trust Co. lifted its position in shares of Lam Research by 47.8% during the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock worth $8,862,000 after purchasing an additional 39,414 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Lam Research Trading Down 3.8%

NASDAQ:LRCX traded down $3.94 during trading hours on Monday, hitting $100.15. The stock had a trading volume of 12,177,963 shares, compared to its average volume of 11,266,383. Lam Research Corporation has a one year low of $56.32 and a one year high of $108.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.55 and a current ratio of 2.21. The company has a market cap of $126.75 billion, a price-to-earnings ratio of 24.07, a P/E/G ratio of 1.29 and a beta of 1.76. The business's 50 day moving average is $99.45 and its 200-day moving average is $85.31.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. The business's quarterly 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. Sell-side analysts anticipate that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This is a positive change from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Wednesday, September 24th. Lam Research's payout ratio is currently 22.12%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. KeyCorp upped their target price on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Citigroup upped their target price on shares of Lam Research from $108.00 to $113.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Morgan Stanley increased their price objective on shares of Lam Research from $87.00 to $94.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Wells Fargo & Company set a $98.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Summit Insights lowered shares of Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $107.30.

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.