Interchange Capital Partners LLC Grows Stake in Lam Research Corporation $LRCX

Interchange Capital Partners LLC grew its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 32.3% in the second quarter, Holdings Channel reports. The fund owned 7,295 shares of the semiconductor company’s stock after acquiring an additional 1,780 shares during the quarter. Lam Research accounts for about 0.6% of Interchange Capital Partners LLC’s portfolio, making the stock its 29th largest position. Interchange Capital Partners LLC’s holdings in Lam Research were worth $3,161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Market Street Wealth Management Advisors LLC bought a new position in Lam Research during the second quarter valued at $406,000. SlateStone Wealth LLC purchased a new stake in Lam Research in the second quarter worth $379,000. GFG Capital LLC bought a new stake in shares of Lam Research in the second quarter valued at $213,000. White Pine Investment CO bought a new stake in shares of Lam Research in the second quarter valued at $208,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Lam Research during the 2nd quarter valued at $231,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

Lam Research Stock Down 4.6%

Shares of NASDAQ LRCX opened at $327.92 on Wednesday. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average of $339.86 and a 200-day moving average of $284.93. The firm has a market capitalization of $410.33 billion, a price-to-earnings ratio of 56.93, a PEG ratio of 1.32 and a beta of 1.84. Lam Research Corporation has a 12 month low of $94.11 and a 12 month high of $438.50.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business had revenue of $6.72 billion for the quarter, compared to the consensus estimate of $6.66 billion. During the same period last year, the firm posted $1.33 earnings per share. Lam Research’s quarterly revenue was up 30.0% on a year-over-year basis. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. Sell-side analysts expect that Lam Research Corporation will post 9.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $320.00 price target on shares of Lam Research in a research note on Thursday, July 30th. UBS Group reiterated a “buy” rating and set a $375.00 target price (up from $310.00) on shares of Lam Research in a research report on Tuesday, June 9th. Barclays reissued an “overweight” rating and issued a $335.00 price target (up from $275.00) on shares of Lam Research in a research report on Thursday, June 11th. B. Riley Financial cut their price objective on shares of Lam Research from $385.00 to $350.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Oppenheimer restated an “outperform” rating and set a $400.00 target price (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research has a consensus rating of “Moderate Buy” and an average price target of $358.47.

Insider Activity

In related news, Director Eric Brandt sold 54,500 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $350.80, for a total value of $19,118,600.00. Following the transaction, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Neil J. Fernandes sold 7,659 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $309.60, for a total value of $2,371,226.40. Following the completion of the transaction, the senior vice president directly owned 58,470 shares in the company, valued at approximately $18,102,312. This represents a 11.58% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 80,441 shares of company stock worth $27,614,296. 0.31% of the stock is currently owned by corporate insiders.

Lam Research Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.