Coastwise Capital Group LLC Invests $2.57 Million in Lam Research Corporation $LRCX

Key Points

• Coastwise Capital Group opened a new position in Lam Research, buying 15,000 shares worth about $2.57 million in the fourth quarter. The stake now represents 1.3% of Coastwise’s portfolio and is its 14th-largest holding.
• Lam Research reported strong quarterly results, with EPS of $1.47 beating estimates and revenue of $5.84 billion also topping expectations. Revenue rose 23.8% year over year, and the company issued Q4 2026 guidance of $1.50 to $1.80 EPS.
• Analysts and institutions remain constructive on the stock: several brokerages raised price targets, and the consensus rating is Moderate Buy with an average target of $322.01. Institutional ownership is high at 84.61%, though some insiders have recently sold shares.

Coastwise Capital Group LLC acquired a new stake in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the semiconductor company's stock, valued at approximately $2,568,000. Lam Research comprises 1.3% of Coastwise Capital Group LLC's holdings, making the stock its 14th largest position.

Other hedge funds have also made changes to their positions in the company. Traphagen Investment Advisors LLC increased its stake in Lam Research by 2.4% during the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock valued at $336,000 after acquiring an additional 46 shares during the period. Field & Main Bank lifted its position in shares of Lam Research by 1.1% in the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock worth $790,000 after acquiring an additional 50 shares during the period. Capital Advisors Ltd. LLC grew its holdings in shares of Lam Research by 1.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock worth $795,000 after purchasing an additional 51 shares in the last quarter. Retirement Planning Group LLC grew its holdings in shares of Lam Research by 2.9% during the 4th quarter. Retirement Planning Group LLC now owns 1,834 shares of the semiconductor company's stock worth $314,000 after purchasing an additional 51 shares in the last quarter. Finally, Plancorp LLC increased its position in shares of Lam Research by 2.1% during the fourth quarter. Plancorp LLC now owns 2,518 shares of the semiconductor company's stock valued at $431,000 after purchasing an additional 51 shares during the period. Institutional investors own 84.61% of the company's stock.

Lam Research Stock Up 12.7%

Shares of LRCX opened at $362.52 on Friday. The company has a market capitalization of $453.36 billion, a P/E ratio of 68.40, a PEG ratio of 2.66 and a beta of 1.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. Lam Research Corporation has a one year low of $87.75 and a one year high of $364.81. The business's 50 day simple moving average is $283.21 and its 200-day simple moving average is $232.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.11. The firm had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The business's revenue was up 23.8% on a year-over-year basis. During the same period last year, the firm posted $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts predict that Lam Research Corporation will post 5.67 EPS for the current fiscal year.

Lam Research Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Investors of record on Wednesday, June 17th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th. Lam Research's payout ratio is currently 19.62%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LRCX. JPMorgan Chase & Co. raised their target price on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research report on Thursday, April 23rd. Raymond James Financial set a $425.00 price target on shares of Lam Research in a report on Wednesday. New Street Research raised their price objective on shares of Lam Research from $235.00 to $280.00 and gave the stock a "neutral" rating in a report on Monday, April 27th. Wells Fargo & Company reiterated an "overweight" rating and set a $575.00 target price (up from $320.00) on shares of Lam Research in a research report on Monday, June 1st. Finally, Morgan Stanley raised shares of Lam Research from an "underweight" rating to an "overweight" rating and upped their target price for the company from $293.00 to $331.00 in a research note on Monday, May 18th. Twenty-eight research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Lam Research has an average rating of "Moderate Buy" and a consensus target price of $322.01.

Lam Research News Roundup

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Barclays and other analysts raised price targets on Lam Research after increasing their wafer-fab equipment spending estimates, reinforcing the view that AI infrastructure investment is still running strong and could support more orders for chipmaking tools. Barclays raises price targets on chip stocks after raising WFE estimates
• Positive Sentiment: Lam’s CFO recently lifted the company’s 2026 wafer-fab equipment market forecast to $140 billion, which suggests a stronger spending backdrop for its core business and improved momentum into the second half of the year. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Positive Sentiment: The company’s latest quarterly results beat expectations, with revenue and EPS both ahead of consensus, and guidance pointed to further sequential growth, helping investors believe the business is still in an upcycle. Lam Research jumps as upbeat chip-equipment spending outlook and fresh analyst target hikes lift sentiment
• Neutral Sentiment: Several articles also highlighted Lam Research as a beneficiary of the broader AI infrastructure boom and a “critical enabler” of AI growth, which keeps sentiment constructive, though these pieces were more thematic than company-specific. Lam Research: A Critical Enabler Of AI Growth, Reiterating Buy
• Negative Sentiment: Near-term trading has been volatile, and one recent report noted the stock fell in the prior session, showing that some investors are still worried about valuation and the possibility of a cyclical slowdown after a strong run. Lam Research (LRCX) Falls More Steeply Than Broader Market: What Investors Need to Know

Insider Transactions at Lam Research

In other Lam Research news, insider Ava Harter sold 6,010 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total value of $1,554,546.60. Following the transaction, the insider directly owned 53,205 shares in the company, valued at approximately $13,762,005.30. This trade represents a 10.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Neil J. Fernandes sold 7,659 shares of the business's stock in a transaction dated 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 sale, the senior vice president directly owned 58,470 shares of the company's stock, valued at $18,102,312. This represents a 11.58% decrease in their ownership of the stock. 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 three months, insiders have sold 31,839 shares of company stock worth $8,561,667. Insiders own 0.31% of the company's stock.

About Lam Research

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.

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