Montrusco Bolton Investments Inc. Sells 1,586,223 Shares of Lam Research Corporation $LRCX

Montrusco Bolton Investments Inc. reduced its position in Lam Research Corporation (NASDAQ:LRCX) by 61.9% during the third quarter, Holdings Channel reports. The institutional investor owned 975,201 shares of the semiconductor company’s stock after selling 1,586,223 shares during the quarter. Lam Research comprises 1.5% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 23rd largest holding. Montrusco Bolton Investments Inc.’s holdings in Lam Research were worth $127,698,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LRCX. Lingohr Asset Management GmbH raised its holdings in shares of Lam Research by 590.7% in the third quarter. Lingohr Asset Management GmbH now owns 59,555 shares of the semiconductor company’s stock worth $7,974,000 after buying an additional 50,933 shares during the last quarter. Mediolanum International Funds Ltd increased its position in shares of Lam Research by 52.0% in the 3rd quarter. Mediolanum International Funds Ltd now owns 262,544 shares of the semiconductor company’s stock valued at $34,417,000 after acquiring an additional 89,856 shares during the period. First Citizens Bank & Trust Co. raised its stake in Lam Research by 8.0% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 140,433 shares of the semiconductor company’s stock worth $18,804,000 after acquiring an additional 10,408 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in Lam Research by 30.9% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 144,656 shares of the semiconductor company’s stock worth $19,369,000 after acquiring an additional 34,147 shares during the period. Finally, Truist Financial Corp lifted its position in Lam Research by 119.6% during the 3rd quarter. Truist Financial Corp now owns 1,676,637 shares of the semiconductor company’s stock worth $224,502,000 after acquiring an additional 913,009 shares during the period. Institutional investors own 84.61% of the company’s stock.

Lam Research Stock Up 2.1%

LRCX opened at $249.48 on Thursday. The company has a fifty day moving average of $214.18 and a two-hundred day moving average of $163.37. The stock has a market capitalization of $311.54 billion, a price-to-earnings ratio of 51.12, a PEG ratio of 2.62 and a beta of 1.78. Lam Research Corporation has a fifty-two week low of $56.32 and a fifty-two week high of $256.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.61 and a current ratio of 2.26.

Lam Research (NASDAQ:LRCX) last posted its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period last year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. On average, research analysts expect that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 4th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, March 4th. Lam Research’s payout ratio is presently 21.31%.

Insiders Place Their Bets

In other Lam Research news, Director Eric Brandt sold 35,000 shares of the stock in a transaction on Friday, February 6th. The shares were sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the transaction, the director directly owned 253,705 shares of the company’s stock, valued at $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on LRCX shares. Citic Securities raised their price objective on Lam Research from $165.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, January 30th. KeyCorp reissued a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. TD Cowen lifted their price objective on shares of Lam Research from $170.00 to $290.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Wall Street Zen lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Sanford C. Bernstein boosted their target price on shares of Lam Research from $275.00 to $285.00 and gave the company an “outperform” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.19.

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.