Fagan Associates Inc. Buys Shares of 6,853 Lam Research Corporation $LRCX

Key Points

• Fagan Associates opened a new position in Lam Research (NASDAQ:LRCX) in Q4, buying 6,853 shares worth about $1.17 million, and institutional investors now own roughly 84.61% of the stock.
• Lam Research beat expectations on April 22 with $1.47 EPS vs. $1.36 est. and $5.84B revenue (up 23.8% YoY), and provided Q4 2026 EPS guidance of $1.50–1.80, fueling analyst upgrades and higher price targets.
• Brokerages have raised targets (average MarketBeat target $285.94; 26 Buys vs. 8 Holds), but notable insider selling — 136,896 shares sold in the last 90 days, including transactions by Ava Harter and a director — may raise short‑term investor caution.

Fagan Associates Inc. purchased a new position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,853 shares of the semiconductor company's stock, valued at approximately $1,173,000.

Other large investors have also modified their holdings of the company. Traphagen Investment Advisors LLC grew its position in Lam Research by 2.4% in the 4th quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock worth $336,000 after purchasing an additional 46 shares during the last quarter. Field & Main Bank raised its holdings in shares of Lam Research by 1.1% during the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock valued at $790,000 after buying an additional 50 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in shares of Lam Research by 1.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock valued at $795,000 after buying an additional 51 shares during the last quarter. Global Financial Private Client LLC boosted its position in shares of Lam Research by 0.5% during the fourth quarter. Global Financial Private Client LLC now owns 11,037 shares of the semiconductor company's stock worth $1,889,000 after buying an additional 52 shares during the period. Finally, WealthCollab LLC grew its holdings in Lam Research by 29.3% in the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company's stock worth $42,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 84.61% of the company's stock.

Trending Headlines about Lam Research

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

• Positive Sentiment: Analysts and outlets continue to highlight strong fundamentals and momentum for LRCX—Zacks pieces call out earnings growth, price strength and momentum appeal, supporting longer‑term demand thesis tied to AI and memory ramps. Earnings Growth & Price Strength Make LRCX a Stock to Watch
• Positive Sentiment: Broker price targets were raised by some firms (New Street raised its target to $280; another report shows a jump to ~$310), signaling continued upside expectations from sell‑side analysts and supporting medium‑term upside. New Street Adjusts Price Target to $280 Price Target Increased to 310.72
• Neutral Sentiment: Mainstream coverage is mixed on whether the stock is a buy right now despite bullish analyst commentary—some stories caution that aggregate broker recommendations can be overly optimistic, suggesting investor caution on near‑term timing. Is LRCX a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: An insider (Ava Harter) sold ~6,010 shares (SEC Form 4 filed), reducing her stake; insider selling can raise short‑term concern among investors even when the amount is relatively modest versus total float. SEC Filing — Insider Sale
• Negative Sentiment: Sector‑wide profit taking and renewed US‑China geopolitical friction around AI tech weighed on semiconductors today, triggering a pullback after last week’s rally and pressuring LRCX along with peers. Semiconductor Pullback After Geopolitical Tensions

Analyst Ratings Changes

Several brokerages have weighed in on LRCX. Bank of America lifted their target price on Lam Research from $285.00 to $330.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Erste Group Bank cut Lam Research from a "buy" rating to a "hold" rating in a research note on Thursday, April 2nd. Stifel Nicolaus upped their price objective on shares of Lam Research from $300.00 to $325.00 and gave the stock a "buy" rating in a report on Thursday, April 23rd. Berenberg Bank raised their target price on shares of Lam Research from $265.00 to $335.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Finally, HSBC boosted their price target on shares of Lam Research from $221.00 to $247.00 and gave the stock a "hold" rating in a research report on Friday, April 24th. Twenty-six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $285.94.

Lam Research Price Performance

Shares of Lam Research stock opened at $251.37 on Wednesday. Lam Research Corporation has a 52 week low of $68.53 and a 52 week high of $275.84. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35. The stock has a market cap of $314.36 billion, a PE ratio of 47.43, a price-to-earnings-growth ratio of 2.16 and a beta of 1.78. The company's 50-day moving average price is $235.78 and its two-hundred day moving average price is $200.31.

Lam Research (NASDAQ:LRCX - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.11. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The company had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. During the same quarter in the previous year, the company posted $1.04 EPS. The business's revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, sell-side analysts anticipate that Lam Research Corporation will post 5.65 EPS for the current fiscal year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.04 annualized dividend and a dividend yield of 0.4%. Lam Research's dividend payout ratio is currently 19.62%.

Insider Activity

In other news, insider Ava Harter sold 6,010 shares of the firm's stock in a transaction on Monday, April 27th. The stock was sold at an average price of $258.66, for a total transaction of $1,554,546.60. Following the completion of the sale, the insider directly owned 53,205 shares of the company's stock, valued at $13,762,005.30. This trade represents a 10.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Eric Brandt sold 35,000 shares of the company's stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total value of $7,896,000.00. Following the sale, the director directly owned 253,705 shares of the company's stock, valued at approximately $57,235,848. This represents a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 136,896 shares of company stock worth $31,213,349. 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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