12,636 Shares in Lam Research Corporation $LRCX Acquired by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d'investissement inc. invested approximately $1.23 million in Lam Research Corporation by acquiring 12,636 shares during the 2nd quarter.
• Lam Research reported a 33.6% year-over-year increase in revenue for the quarter, totaling $5.17 billion, and beat earnings expectations, posting $1.33 earnings per share.
• The company recently announced an increase in its quarterly dividend from $0.23 to $0.26 per share, with a dividend yield of 0.9% and a payout ratio of 25.00%.

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 12,636 shares of the semiconductor company's stock, valued at approximately $1,230,000.

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

Lam Research Price Performance

LRCX stock traded up $0.60 during midday trading on Friday, reaching $126.92. The company had a trading volume of 24,270,137 shares, compared to its average volume of 9,983,844. The company has a market capitalization of $160.05 billion, a price-to-earnings ratio of 30.51, a price-to-earnings-growth ratio of 1.63 and a beta of 1.76. The stock has a 50 day moving average price of $103.36 and a 200-day moving average price of $88.33. Lam Research Corporation has a 1-year low of $56.32 and a 1-year high of $128.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.21 and a quick ratio of 1.55.

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. The company had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business's revenue for the quarter was up 33.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. Equities research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Wednesday, September 24th will be given a dividend of $0.26 per share. This is an increase from Lam Research's previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a yield of 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Analyst Upgrades and Downgrades

LRCX has been the subject of a number of recent research reports. KeyCorp upped their price target on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Citigroup increased their price target on Lam Research from $113.00 to $120.00 and gave the company a "buy" rating in a research report on Monday, September 8th. Wells Fargo & Company set a $98.00 price target on Lam Research and gave the company an "equal weight" rating in a research report on Thursday, July 31st. UBS Group increased their price objective on Lam Research from $95.00 to $120.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Summit Insights downgraded Lam Research from a "buy" rating to a "hold" rating in a report on Thursday, July 31st. Twenty analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.