Interchange Capital Partners LLC Trims Stock Holdings in Lam Research Corporation $LRCX

Key Points

• Interchange Capital Partners LLC significantly reduced its holdings in Lam Research Corporation by 93.0%, owning only 363 shares post-sale, valued at approximately $35,000.
• Lam Research reported $1.33 earnings per share for the last quarter, beating estimates of $1.21 and achieved a revenue of $5.17 billion.
• The company will pay a quarterly dividend of $0.26, indicating a positive increment from the previous $0.23, with an annual yield of 0.7%.

Interchange Capital Partners LLC decreased its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 93.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 363 shares of the semiconductor company's stock after selling 4,847 shares during the period. Interchange Capital Partners LLC's holdings in Lam Research were worth $35,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Mutual Advisors LLC increased its stake in shares of Lam Research by 4.2% in the second quarter. Mutual Advisors LLC now owns 10,189 shares of the semiconductor company's stock worth $988,000 after purchasing an additional 411 shares in the last quarter. Sterling Financial Planning Inc. purchased a new position in shares of Lam Research in the second quarter worth about $216,000. Harbour Investments Inc. boosted its position in shares of Lam Research by 6.3% in the second quarter. Harbour Investments Inc. now owns 3,230 shares of the semiconductor company's stock valued at $314,000 after acquiring an additional 192 shares during the period. TD Asset Management Inc boosted its position in shares of Lam Research by 9.2% in the second quarter. TD Asset Management Inc now owns 2,952,409 shares of the semiconductor company's stock valued at $287,387,000 after acquiring an additional 248,633 shares during the period. Finally, Morningstar Investment Management LLC bought a new position in shares of Lam Research in the second quarter valued at approximately $237,000. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Trading Up 4.7%

Shares of LRCX opened at $144.78 on Thursday. The firm has a market cap of $182.57 billion, a price-to-earnings ratio of 34.80, a PEG ratio of 1.68 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. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $153.70. The firm has a 50 day moving average price of $117.40 and a 200-day moving average price of $95.82.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.12. The firm had revenue of $5.17 billion during the quarter, compared to analyst estimates of $4.99 billion. Lam Research had a net margin of 29.07% and a return on equity of 58.17%. The business's quarterly revenue was up 33.6% on a year-over-year basis. During the same period in the previous 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 forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Increases Dividend

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

Insider Activity at Lam Research

In related news, SVP Vahid Vahedi sold 52,190 shares of Lam Research stock in a transaction on Monday, October 13th. The shares were sold at an average price of $138.90, for a total value of $7,249,191.00. Following the transaction, the senior vice president directly owned 251,047 shares of the company's stock, valued at $34,870,428.30. The trade was a 17.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LRCX has been the subject of a number of analyst reports. HSBC set a $127.00 price objective on shares of Lam Research and gave the company a "hold" rating in a research report on Tuesday, September 30th. Argus raised their price objective on shares of Lam Research from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Stifel Nicolaus set a $135.00 price objective on shares of Lam Research and gave the company a "buy" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Lam Research from a "hold" rating to a "buy" rating and raised their price objective for the company from $100.00 to $150.00 in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Lam Research in a research report on Wednesday, October 8th. Twenty-three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Lam Research presently has an average rating of "Moderate Buy" and a consensus price target of $123.80.

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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