Montrusco Bolton Investments Inc. Has $244.22 Million Stock Position in Lam Research Corporation $LRCX

Key Points

• Montrusco Bolton Investments Inc. increased its stake in Lam Research Corporation by 48.4% in Q2, holding 2,561,424 shares worth $244.22 million, making it the investor's 13th largest position.
• Lam Research reported an EPS of $1.33 in its last earnings release, exceeding analysts' expectations of $1.21, with revenue of $5.17 billion for the quarter.
• The firm announced a quarterly dividend increase from $0.23 to $0.26, representing an annualized yield of 0.8%, payable on October 15th.

Montrusco Bolton Investments Inc. lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 48.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,561,424 shares of the semiconductor company's stock after buying an additional 835,196 shares during the quarter. Lam Research comprises 2.7% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 13th biggest position. Montrusco Bolton Investments Inc. owned 0.20% of Lam Research worth $244,220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of Lam Research by 10.5% during the first quarter. Empowered Funds LLC now owns 187,472 shares of the semiconductor company's stock worth $13,629,000 after buying an additional 17,833 shares in the last quarter. Pinnacle Financial Partners Inc acquired a new stake in shares of Lam Research during the first quarter worth $201,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Lam Research during the first quarter worth $607,000. China Universal Asset Management Co. Ltd. lifted its holdings 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 buying an additional 10,565 shares in the last quarter. Finally, Glass Wealth Management Co LLC lifted its holdings in shares of Lam Research by 8.5% during the second quarter. Glass Wealth Management Co LLC now owns 28,870 shares of the semiconductor company's stock worth $2,810,000 after buying an additional 2,270 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

Lam Research stock opened at $131.37 on Monday. Lam Research Corporation has a 12-month low of $56.32 and a 12-month high of $153.70. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38. The business's 50-day moving average price is $114.80 and its two-hundred day moving average price is $94.73. The stock has a market cap of $165.66 billion, a PE ratio of 31.58, a P/E/G ratio of 1.60 and a beta of 1.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its earnings results 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 firm had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the previous year, the business posted $1.03 earnings per share. The business's revenue for the quarter was up 33.6% on a year-over-year basis. 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 firm 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. 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 yield of 0.8%. The ex-dividend date is Wednesday, September 24th. Lam Research's dividend payout ratio (DPR) is presently 25.00%.

Analysts Set New Price Targets

LRCX has been the subject of a number of research reports. Cantor Fitzgerald lifted their target price on Lam Research from $120.00 to $155.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. B. Riley raised their price target on Lam Research from $130.00 to $160.00 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a "hold" rating to a "buy" rating and raised their price target for the stock from $100.00 to $150.00 in a research report on Monday, September 29th. Raymond James Financial raised their price target on Lam Research from $90.00 to $110.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC raised their price target on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Twenty-three analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average target price of $121.00.

Lam Research Company 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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