Callahan Advisors LLC Acquires New Position in Lam Research Corporation $LRCX

Key Points

• Callahan Advisors LLC acquired a new stake in Lam Research Corporation, purchasing 2,850 shares valued at approximately $277,000 in the second quarter.
• Lam Research's quarterly earnings report showed an EPS of $1.33, exceeding estimates, with revenue increasing by 33.6% year-over-year to $5.17 billion.
• The company raised its quarterly dividend to $0.26 per share, up from $0.23, reflecting its continued growth and commitment to returning value to shareholders.

Callahan Advisors LLC acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,850 shares of the semiconductor company's stock, valued at approximately $277,000.

Other hedge funds also recently made changes to their positions in the company. REAP Financial Group LLC bought a new position in shares of Lam Research during the 2nd quarter valued at approximately $31,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Lam Research during the 1st quarter valued at approximately $26,000. Hilltop National Bank bought a new position in shares of Lam Research during the 2nd quarter valued at approximately $38,000. Bruce G. Allen Investments LLC grew its stake in shares of Lam Research by 207.3% during the 2nd quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock valued at $41,000 after acquiring an additional 284 shares during the period. Finally, 1 North Wealth Services LLC bought a new position in shares of Lam Research during the 1st quarter valued at approximately $36,000. 84.61% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Vahid Vahedi sold 52,190 shares of the stock in a transaction on Monday, October 13th. The stock was sold at an average price of $138.90, for a total transaction of $7,249,191.00. Following the sale, the senior vice president owned 251,047 shares in the company, valued at approximately $34,870,428.30. This represents a 17.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.31% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on LRCX. Needham & Company LLC upped their price target on Lam Research from $110.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft upgraded Lam Research from a "hold" rating to a "buy" rating and upped their price target for the stock from $100.00 to $150.00 in a research note on Monday, September 29th. Barclays set a $83.00 price target on Lam Research and gave the stock an "equal weight" rating in a research note on Monday, July 28th. Cantor Fitzgerald upped their price target on Lam Research from $155.00 to $170.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Mizuho upped their price target on Lam Research from $120.00 to $130.00 and gave the stock an "outperform" rating in a research note on Friday, September 12th. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $123.80.

Lam Research Stock Up 4.7%

Shares of LRCX opened at $144.78 on Thursday. The stock has a market capitalization of $182.57 billion, a price-to-earnings ratio of 34.80, a price-to-earnings-growth ratio of 1.68 and a beta of 1.84. Lam Research Corporation has a 1 year low of $56.32 and a 1 year high of $153.70. The business's 50 day simple moving average is $117.40 and its 200-day simple moving average is $95.82. 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 quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.12. The business had revenue of $5.17 billion for the quarter, compared to analysts' expectations of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The company's revenue for the quarter was up 33.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, September 24th were issued a dividend of $0.26 per share. This is a positive change from Lam Research's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Wednesday, September 24th. This represents a $1.04 annualized dividend and a dividend yield of 0.7%. Lam Research's payout ratio is currently 25.00%.

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.

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