Crestwood Advisors Group LLC Trims Stock Position in Lam Research Corporation $LRCX

Key Points

• Crestwood Advisors trimmed its stake: Crestwood reduced its Lam Research holding by 9% in Q4, selling 29,266 shares and ending the period with 297,679 shares valued at about $50.96 million, while institutional investors own roughly 84.61% of the stock.
• Significant insider selling: Company insiders sold a total of 120,066 shares (~$27.95 million) over the last quarter — including SVP Neil Fernandes and CFO Douglas Bettinger — lowering insider ownership to 0.31%.
• Strong results and AI-driven momentum, but caution on valuation: Lam beat Q results (EPS $1.47 vs $1.36; revenue $5.84B, +23.8% YoY) and is benefitting from AI-fab demand and upgraded analyst coverage (consensus target ~$285.94), though the stock’s ~300% 12‑month surge raises near-term pullback risk.

Crestwood Advisors Group LLC lessened its holdings in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 9.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 297,679 shares of the semiconductor company's stock after selling 29,266 shares during the period. Crestwood Advisors Group LLC's holdings in Lam Research were worth $50,958,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of LRCX. Brighton Jones LLC lifted its holdings in shares of Lam Research by 1,032.4% in the fourth 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. Caxton Associates LLP purchased a new position in shares of Lam Research during the first quarter valued at approximately $239,000. Gabelli Funds LLC purchased a new position in shares of Lam Research during the second quarter valued at approximately $253,000. NewEdge Advisors LLC lifted its stake in shares of Lam Research by 2.7% during the second quarter. NewEdge Advisors LLC now owns 100,528 shares of the semiconductor company's stock valued at $9,785,000 after buying an additional 2,661 shares during the period. Finally, Osterweis Capital Management Inc. lifted its stake in shares of Lam Research by 5,206.7% during the second quarter. Osterweis Capital Management Inc. now owns 796 shares of the semiconductor company's stock valued at $77,000 after buying an additional 781 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Insiders Place Their Bets

In other Lam Research news, SVP Neil J. Fernandes sold 18,170 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $255.14, for a total transaction of $4,635,893.80. Following the transaction, the senior vice president owned 66,129 shares of the company's stock, valued at $16,872,153.06. This trade represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total transaction of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at approximately $242,334,371.15. This represents a 4.42% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 120,066 shares of company stock valued at $27,953,242 over the last quarter. Company insiders own 0.31% of the company's stock.

Lam Research News Roundup

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

• Positive Sentiment: AI-fab orders topped expectations, fueling a sharp intraday rally as investors priced in stronger near-term equipment demand. Lam Research (LRCX) Is Up 19.5% After AI-Fab Orders Beat Expectations Has The Bull Case Changed?
• Positive Sentiment: Recent quarterly results and upbeat guidance reinforce that Lam is capturing the AI-driven capex cycle for advanced logic and memory fabs — supporting longer-term revenue and margin expansion. Why Lam Research Still Looks Like a Buy After a 300% Rally
• Positive Sentiment: Analyst and brokerage actions are skewing bullish: Seaport Global initiated coverage with a buy, and consensus brokerage ratings remain favorable — adding credibility to the rally. Seaport Global initiates coverage of Lam Research (LRCX) with buy recommendation
• Positive Sentiment: Industry supply constraints (e.g., KLA commentary) suggest equipment vendors like Lam could see sustained backlog and pricing power as fabs race to equip AI capacity. KLA’s AI Capacity Constraints Highlight Earnings Power And Buyback Commitment
• Neutral Sentiment: Some broader-market pieces argue the AI trade may rotate (e.g., toward CPUs), which could shift relative leadership within semiconductors over time — a mixed signal for Lam depending on end-market mix. This 150% Run Is Just the Beginning
• Neutral Sentiment: Sector ETFs (SOXX/SMH/FTXL) show the AI infrastructure trade is broad-based; this supports demand but also increases competition and cyclicality risk. Semiconductor Leaders SOXX, SMH, and FTXL Are Crushing It on AI Infrastructure Demand
• Negative Sentiment: Multiple write-ups note Lam’s ~300% 12‑month gain and overbought technicals — raising near-term pullback/consolidation risk for investors who chase the move now. Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead

Analysts Set New Price Targets

LRCX has been the topic of several recent analyst reports. Barclays set a $275.00 price objective on shares of Lam Research and gave the company an "equal weight" rating in a research note on Thursday, April 23rd. Sanford C. Bernstein upped their price objective on shares of Lam Research from $285.00 to $325.00 and gave the company an "outperform" rating in a research note on Thursday, April 23rd. Argus upped their price objective on shares of Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. KeyCorp reissued a "sector weight" rating on shares of Lam Research in a research note on Thursday, January 29th. Finally, Weiss Ratings raised shares of Lam Research from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, April 24th. Twenty-six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Lam Research currently has an average rating of "Moderate Buy" and a consensus target price of $285.94.

Lam Research Stock Performance

NASDAQ:LRCX opened at $286.72 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $358.56 billion, a P/E ratio of 54.10, a P/E/G ratio of 2.46 and a beta of 1.81. Lam Research Corporation has a fifty-two week low of $74.65 and a fifty-two week high of $298.00. The firm's 50 day moving average is $238.93 and its two-hundred day moving average is $204.97.

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

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.

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