Andina Capital Management LLC Makes New Investment in Lam Research Corporation $LRCX

Key Points

• Andina Capital Management LLC acquired 2,781 shares of Lam Research Corporation valued at approximately $202,000 in the first quarter of the year.
• Lam Research's stock has seen significant interest from institutional investors, with a 84.61% ownership rate and several investors dramatically increasing their positions in the fourth quarter.
• The company reported earnings of $1.33 per share in its last quarter, exceeding expectations and signaling strong revenue growth of 33.6% year-over-year.

Andina Capital Management LLC acquired a new position in Lam Research Corporation (NASDAQ:LRCX - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,781 shares of the semiconductor company's stock, valued at approximately $202,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Lam Research by 1,032.4% in the 4th quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company's stock valued at $1,025,000 after purchasing an additional 12,936 shares in the last quarter. GeoWealth Management LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at about $464,000. Curi RMB Capital LLC acquired a new stake in shares of Lam Research in the 4th quarter valued at about $346,000. MML Investors Services LLC raised its stake in shares of Lam Research by 986.5% in the 4th quarter. MML Investors Services LLC now owns 79,926 shares of the semiconductor company's stock valued at $5,773,000 after purchasing an additional 72,570 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Lam Research by 2,629.9% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,013 shares of the semiconductor company's stock valued at $290,000 after purchasing an additional 3,866 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Lam Research Stock Performance

LRCX traded up $1.67 on Friday, hitting $100.08. 9,687,561 shares of the company's stock were exchanged, compared to its average volume of 12,639,810. Lam Research Corporation has a twelve month low of $56.32 and a twelve month high of $108.02. The company has a current ratio of 2.21, a quick ratio of 1.55 and a debt-to-equity ratio of 0.38. The firm has a market cap of $126.66 billion, a PE ratio of 24.06, a P/E/G ratio of 1.28 and a beta of 1.65. The stock has a fifty day moving average of $98.41 and a two-hundred day moving average of $84.59.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, July 30th. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The firm had revenue of $5.17 billion during the quarter, compared to analysts' expectations of $4.99 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. Lam Research's quarterly 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, research analysts anticipate that Lam Research Corporation will post 3.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LRCX shares. Wall Street Zen upgraded shares of Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Morgan Stanley upped their target price on shares of Lam Research from $87.00 to $94.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. KeyCorp increased their price objective on shares of Lam Research from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. The Goldman Sachs Group began coverage on shares of Lam Research in a research note on Thursday, July 10th. They set a "buy" rating and a $115.00 price objective on the stock. Finally, Stifel Nicolaus increased their price objective on shares of Lam Research from $92.00 to $110.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Twenty research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Lam Research has a consensus rating of "Moderate Buy" and an average price target of $107.30.

About Lam Research

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.