Lam Research Corporation $LRCX Shares Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in Lam Research Corporation ($LRCX) by 121.5% during the 2nd quarter, bringing its total holdings to 26,169 shares valued at approximately $2.5 million.
• Lam Research recently reported strong quarterly earnings with an EPS of $1.33, exceeding analysts' expectations, and announced a dividend increase from $0.23 to $0.26 per share.
• Investment analysts have given Lam Research an average rating of "Moderate Buy" with a target price of $121.00, following recent upgrades from several research firms.

Callan Family Office LLC grew its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 121.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,169 shares of the semiconductor company's stock after purchasing an additional 14,354 shares during the period. Callan Family Office LLC's holdings in Lam Research were worth $2,547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of LRCX. Smallwood Wealth Investment Management LLC acquired a new position in shares of Lam Research in the 1st quarter valued at $26,000. REAP Financial Group LLC acquired a new position in shares of Lam Research in the 2nd quarter valued at $31,000. 1 North Wealth Services LLC acquired a new position in Lam Research during the 1st quarter worth about $36,000. Rossby Financial LCC acquired a new position in Lam Research during the 1st quarter worth about $37,000. Finally, Saudi Central Bank acquired a new position in Lam Research during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 84.61% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LRCX. TD Cowen increased their target price on Lam Research from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Stifel Nicolaus increased their target price on Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. KeyCorp increased their target price on Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Summit Insights lowered Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Lam Research in a research note on Wednesday. Twenty-three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Lam Research has an average rating of "Moderate Buy" and an average price target of $121.00.

Lam Research Trading Down 6.8%

LRCX opened at $131.37 on Friday. Lam Research Corporation has a one year low of $56.32 and a one year high of $153.70. The company has a market cap of $165.66 billion, a P/E ratio of 31.58, a PEG ratio of 1.60 and a beta of 1.84. 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 business's 50-day simple moving average is $114.80 and its 200-day simple moving average is $94.59.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion for the quarter, compared to the consensus estimate of $4.99 billion. Lam Research had a return on equity of 58.17% and a net margin of 29.07%.The firm's quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. Lam Research has set its Q1 2026 guidance at 1.100-1.300 EPS. As a group, equities research analysts expect that Lam Research Corporation will post 3.71 EPS for the current fiscal year.

Lam Research Increases Dividend

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

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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