Lam Research Corporation $LRCX Shares Sold by Sequoia Financial Advisors LLC

Key Points

• Sequoia Financial Advisors trimmed its stake in Lam Research by 14.6% in the quarter, selling 10,492 shares and leaving it with 61,151 shares worth about $10.47 million.
• Insiders sold heavily: CFO Douglas Bettinger sold 50,057 shares (~$11.2M) and company insiders offloaded a total of 120,066 shares (~$27.95M) over the last quarter.
• Analysts and fundamentals bullish: multiple firms raised targets (JPMorgan $315, TD Cowen $340) and the consensus is a "Moderate Buy" with a $285.94 target, while Lam beat quarterly estimates (EPS $1.47 vs $1.36; revenue $5.84B, +23.8% YoY) and is benefiting from strong AI-driven fab demand amid a ~300% 12‑month rally.

Sequoia Financial Advisors LLC reduced its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,151 shares of the semiconductor company's stock after selling 10,492 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Lam Research were worth $10,468,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Traphagen Investment Advisors LLC grew its holdings in shares of Lam Research by 2.4% during 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 period. Field & Main Bank grew its holdings in shares of Lam Research by 1.1% during the 4th quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock worth $790,000 after purchasing 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 during the period. Global Financial Private Client LLC grew its holdings in shares of Lam Research by 0.5% during the 4th quarter. Global Financial Private Client LLC now owns 11,037 shares of the semiconductor company's stock worth $1,889,000 after purchasing an additional 52 shares during the period. Finally, WealthCollab LLC grew its holdings in shares of Lam Research by 29.3% during the 4th quarter. WealthCollab LLC now owns 243 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 55 shares during the period. 84.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on LRCX shares. JPMorgan Chase & Co. increased their target price on Lam Research from $300.00 to $315.00 and gave the stock an "overweight" rating in a research note on Thursday, April 23rd. TD Cowen increased their target price on Lam Research from $290.00 to $340.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. New Street Research increased their target price on Lam Research from $235.00 to $280.00 and gave the stock a "neutral" rating in a research note on Monday, April 27th. Wall Street Zen raised Lam Research from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, Argus increased their target price on Lam Research from $175.00 to $280.00 in a research note on Tuesday, February 3rd. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $285.94.

Insiders Place Their Bets

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of Lam Research 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 owned 1,081,705 shares of the company's stock, valued at $242,334,371.15. The trade was a 4.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Ava Harter sold 6,010 shares of Lam Research stock in a transaction that occurred 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 disclosure for this sale is available in the SEC filing. 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 Summary

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

Lam Research Price Performance

Shares of NASDAQ LRCX opened at $286.72 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.77 and a current ratio of 2.54. Lam Research Corporation has a fifty-two week low of $74.65 and a fifty-two week high of $298.00. The firm has a market capitalization of $358.56 billion, a PE ratio of 54.10, a price-to-earnings-growth ratio of 2.46 and a beta of 1.81. The stock's 50-day simple moving average is $238.93 and its 200-day simple moving average is $204.97.

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