Coatue Management 13F: Adds $104M to Lam Research (LRCX) Stake

Coatue Management increased its stake in Lam Research Corporation (NasdaqGS: LRCX) by 237,940 shares, according to its latest 13F filing with the SEC. This move brought Coatue's total holdings to 10,043,505 shares, a 2.43% increase from the previous count of 9,805,565 shares. The value of Coatue's position in Lam Research is now approximately $3.65 billion.

What Changed in Coatue Management's Lam Research Position

Coatue Management's latest filing reveals an increase in its position in Lam Research. The fund added 237,940 shares, boosting its total to 10,043,505 shares. This represents a 2.43% increase in holding, bringing the total value of the shares to about $3.65 billion.

Other Institutional Activity in Lam Research

In the same period, BlackRock, Inc. trimmed its holdings in Lam Research by 1,407,391 shares, ending with 132,852,320 shares valued at approximately $28.39 billion. Vanguard Capital Management LLC made a substantial addition, acquiring 81,155,744 shares, bringing its total to 81,155,744 shares worth about $17.34 billion. State Street Corp slightly reduced its position by 527,784 shares, now holding 59,158,300 shares valued at $12.65 billion. Geode Capital Management, LLC increased its stake by 1,428,558 shares, reaching a total of 35,175,926 shares valued at $7.50 billion.

Lam Research Corporation Stock Up 51.8%

Shares of Lam Research (NasdaqGS: LRCX) traded near $363.27 recently. The company has a market capitalization of about $458.71 billion and a forward P/E ratio of 46.04. The stock has experienced a 52-week low of $87.75 and a high of $373.82. Its 50-day moving average stands at $283.03, while the 200-day moving average is $203.17. Lam Research maintains a current ratio of 2.54 and a quick ratio of 1.70, with a debt-to-equity ratio of 35.28.

Recent Earnings

Lam Research reported revenues of $21.68 billion, showing a growth rate of 23.8%. The company's net margin is 30.94%, with a return on equity of 66.76%. Earnings per share came in at $5.29. The next earnings release is scheduled for April 22, 2026.

Dividend

Lam Research offers an annual dividend rate of $1.04, yielding 0.29%. The dividend payout ratio is 19.09%.

Insider Buying and Selling at Lam Research Corporation

Recent insider activity at Lam Research includes several planned sales by Neil Fernandes, Senior Vice President, who sold 7,659 shares at $309.60 on June 1, 2026, and 18,170 shares at $255.14 on May 1, 2026. Chief Legal Officer Ava Harter sold 6,010 shares at $258.66 on April 27, 2026, and purchased 6,010 shares at $77.04 on the same day.

Analysts Set New Price Targets

Analyst activity has been robust, with Barclays maintaining a 'hold' rating and a $335 price target on June 11, 2026. Cantor Fitzgerald kept a 'buy' rating with a $425 target on June 10, 2026, and UBS maintained its 'buy' rating with a $375 target on June 9, 2026. Wells Fargo also maintained a 'buy' rating, setting a target of $365 on June 1, 2026.

About Lam Research Corporation

Lam Research Corporation, headquartered in Fremont, California, is a key player in the technology sector, specifically in semiconductor equipment and materials. The company designs and manufactures equipment used in the fabrication of integrated circuits. With a workforce of about 20,600 employees, Lam Research operates globally, serving markets in the United States, China, and several other regions. Timothy M. Archer is the company's CEO.

Bottom Line

Coatue Management's increase in its Lam Research stake signals continued interest in the semiconductor equipment sector. Investors closely watch 13F filings like this one as they provide insights into the strategies of major institutional players. It's important to remember that these filings reflect positions as of the reporting period and may not represent current holdings.