Federation des caisses Desjardins du Quebec Increases Stock Position in Lam Research Corporation $LRCX

Key Points

• Federation des caisses Desjardins du Quebec increased its stake in Lam Research Corporation ($LRCX) by 41.9% during the first quarter, owning 280,426 shares worth approximately $20.4 million.
• Lam Research reported a quarterly earnings per share (EPS) of $1.33, outperforming analysts' expectations, and demonstrated significant 33.6% revenue growth year-over-year.
• The company announced a quarterly dividend increase from $0.23 to $0.26, which reflects a 1.1% dividend yield based on the annualized dividend.

Federation des caisses Desjardins du Quebec lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 41.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 280,426 shares of the semiconductor company's stock after acquiring an additional 82,853 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Lam Research were worth $20,396,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Smallwood Wealth Investment Management LLC bought a new position in Lam Research during the first quarter valued at about $26,000. Mpwm Advisory Solutions LLC bought a new position in shares of Lam Research in the fourth quarter valued at approximately $27,000. Park Square Financial Group LLC bought a new position in shares of Lam Research in the fourth quarter valued at approximately $31,000. Putney Financial Group LLC bought a new position in Lam Research in the 4th quarter worth approximately $36,000. Finally, Saudi Central Bank acquired a new stake in Lam Research during the 1st quarter worth $37,000. 84.61% of the stock is currently owned by hedge funds and other institutional investors.

Lam Research Stock Up 2.5%

Lam Research stock traded up $2.53 during midday trading on Friday, hitting $102.95. 8,138,513 shares of the company's stock were exchanged, compared to its average volume of 10,784,377. Lam Research Corporation has a 12 month low of $56.32 and a 12 month high of $108.02. The company has a market cap of $130.30 billion, a PE ratio of 24.75, a P/E/G ratio of 1.32 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. The firm has a 50-day moving average of $99.87 and a two-hundred day moving average of $85.82.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. Lam Research's revenue was up 33.6% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, analysts expect 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. Shareholders of record on Wednesday, September 24th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, September 24th. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 dividend on an annualized basis and a yield of 1.0%. Lam Research's dividend payout ratio is currently 22.12%.

Wall Street Analyst Weigh In

LRCX has been the topic of several analyst reports. Erste Group Bank started coverage on shares of Lam Research in a research report on Thursday, August 14th. They set a "buy" rating on the stock. Morgan Stanley reiterated an "underweight" rating and set a $92.00 price objective (down previously from $94.00) on shares of Lam Research in a report on Tuesday, September 2nd. Citigroup boosted their target price on shares of Lam Research from $108.00 to $113.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Finally, Mizuho raised their price target on shares of Lam Research from $115.00 to $120.00 and gave the stock an "outperform" rating in a report on Friday, August 1st. Twenty analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $107.22.

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.