Financiere des Professionnels Fonds d investissement inc. Invests $1.23 Million in Lam Research Corporation $LRCX

Financiere des Professionnels Fonds d investissement inc. purchased a new stake in Lam Research Corporation (NASDAQ:LRCX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,636 shares of the semiconductor company’s stock, valued at approximately $1,230,000.

Several other hedge funds have also bought and sold shares of LRCX. Vanguard Group Inc. grew its position in Lam Research by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 129,152,102 shares of the semiconductor company’s stock valued at $9,389,358,000 after purchasing an additional 8,364,375 shares during the period. Nuveen LLC acquired a new stake in Lam Research in the 1st quarter valued at $604,344,000. Price T Rowe Associates Inc. MD grew its position in Lam Research by 99.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,739,221 shares of the semiconductor company’s stock valued at $417,242,000 after purchasing an additional 2,864,863 shares during the period. Boston Partners grew its position in Lam Research by 9,978.3% in the 1st quarter. Boston Partners now owns 2,350,362 shares of the semiconductor company’s stock valued at $170,787,000 after purchasing an additional 2,327,041 shares during the period. Finally, Mackenzie Financial Corp grew its position in Lam Research by 932.6% in the 4th quarter. Mackenzie Financial Corp now owns 2,347,536 shares of the semiconductor company’s stock valued at $169,563,000 after purchasing an additional 2,120,197 shares during the period. Institutional investors and hedge funds own 84.61% of the company’s stock.

Lam Research Trading Up 1.2%

Shares of LRCX opened at $121.90 on Thursday. The business’s 50-day moving average price is $102.35 and its 200-day moving average price is $87.57. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $123.28. The stock has a market cap of $153.72 billion, a PE ratio of 29.30, a P/E/G ratio of 1.55 and a beta of 1.76. The company has a quick ratio of 1.55, a current ratio of 2.21 and a debt-to-equity ratio of 0.38.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the business posted $1.03 earnings per share. The company’s 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. On average, equities analysts forecast that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, September 24th. 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 0.9%. Lam Research’s payout ratio is presently 25.00%.

Analyst Ratings Changes

Several research firms recently issued reports on LRCX. The Goldman Sachs Group began coverage on shares of Lam Research in a research report on Thursday, July 10th. They issued a “buy” rating and a $115.00 price target for the company. Cantor Fitzgerald raised their price objective on Lam Research from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Erste Group Bank began coverage on Lam Research in a research note on Thursday, August 14th. They set a “buy” rating on the stock. Stifel Nicolaus raised their price objective on Lam Research from $92.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, TD Cowen raised their price objective on Lam Research from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Twenty investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Lam Research presently has an average rating of “Moderate Buy” and an average target price of $107.96.

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.