Interchange Capital Partners LLC Has $3.16 Million Stock Position in Lam Research Corporation $LRCX

Interchange Capital Partners LLC lifted its stake in shares of Lam Research Corporation (NASDAQ:LRCX) by 32.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,295 shares of the semiconductor company’s stock after purchasing an additional 1,780 shares during the quarter. Lam Research comprises 0.6% of Interchange Capital Partners LLC’s investment portfolio, making the stock its 29th biggest holding. Interchange Capital Partners LLC’s holdings in Lam Research were worth $3,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in LRCX. World Equity Group Inc. raised its stake in Lam Research by 0.5% during the 2nd quarter. World Equity Group Inc. now owns 5,576 shares of the semiconductor company’s stock worth $2,416,000 after buying an additional 29 shares during the period. Tenzing Financial LLC grew its stake in Lam Research by 3.5% in the second quarter. Tenzing Financial LLC now owns 1,018 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 34 shares during the period. GSG Advisors LLC grew its stake in Lam Research by 3.1% in the first quarter. GSG Advisors LLC now owns 1,387 shares of the semiconductor company’s stock valued at $296,000 after acquiring an additional 42 shares during the period. First County Bank CT grew its stake in Lam Research by 1.7% in the second quarter. First County Bank CT now owns 2,483 shares of the semiconductor company’s stock valued at $1,076,000 after acquiring an additional 42 shares during the period. Finally, Williams & Novak LLC increased its holdings in shares of Lam Research by 1.1% during the second quarter. Williams & Novak LLC now owns 4,011 shares of the semiconductor company’s stock valued at $1,738,000 after acquiring an additional 42 shares in the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LRCX has been the topic of a number of recent research reports. Citigroup reiterated a “buy” rating and issued a $450.00 target price (up from $315.00) on shares of Lam Research in a report on Wednesday, June 17th. UBS Group restated a “buy” rating and set a $375.00 price target (up from $310.00) on shares of Lam Research in a research note on Tuesday, June 9th. Cantor Fitzgerald set a $500.00 price objective on shares of Lam Research and gave the stock an “overweight” rating in a report on Monday, June 29th. Morgan Stanley dropped their price objective on shares of Lam Research from $404.00 to $367.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, BNP Paribas Exane lifted their price objective on shares of Lam Research from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $358.47.

Lam Research Trading Down 4.6%

Shares of LRCX stock opened at $327.92 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.91 and a current ratio of 2.63. The company 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 52-week low of $94.11 and a 52-week high of $438.50. The company has a 50-day simple moving average of $339.86 and a two-hundred day simple moving average of $284.93.

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

Insider Activity at Lam Research

In other Lam Research news, SVP Neil J. Fernandes sold 7,659 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $309.60, for a total value of $2,371,226.40. Following the transaction, the senior vice president owned 58,470 shares of the company’s stock, valued at approximately $18,102,312. The trade was a 11.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eric Brandt sold 54,500 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $350.80, for a total value of $19,118,600.00. Following the completion of the transaction, the director owned 199,205 shares of the company’s stock, valued at $69,881,114. This trade represents a 21.48% 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. Over the last three months, insiders sold 80,441 shares of company stock valued at $27,614,296. 0.31% of the stock is owned by insiders.

Lam Research Company 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.