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

Montrusco Bolton Investments Inc. lowered its holdings in shares of Lam Research Corporation (NASDAQ:LRCX) by 61.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 975,201 shares of the semiconductor company’s stock after selling 1,586,223 shares during the quarter. Lam Research accounts for about 1.5% of Montrusco Bolton Investments Inc.’s portfolio, making the stock its 23rd largest position. Montrusco Bolton Investments Inc. owned about 0.08% of Lam Research worth $127,698,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Howard Hughes Medical Institute bought a new stake in Lam Research during the second quarter worth approximately $27,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Lam Research in the 2nd quarter worth approximately $29,000. Delos Wealth Advisors LLC bought a new position in shares of Lam Research during the 2nd quarter valued at approximately $30,000. Bank of Jackson Hole Trust raised its holdings in Lam Research by 111.1% during the 2nd quarter. Bank of Jackson Hole Trust now owns 380 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 200 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC bought a new stake in Lam Research in the second quarter worth $38,000. 84.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $320.00 target price (up from $265.00) on shares of Lam Research in a research note on Thursday, January 29th. Bank of America upped their price target on shares of Lam Research from $195.00 to $245.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. B. Riley Financial restated a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. UBS Group set a $300.00 target price on Lam Research in a research note on Thursday, January 29th. Finally, New Street Research boosted their price objective on Lam Research from $195.00 to $235.00 and gave the company a “neutral” rating in a report on Friday, January 30th. One analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $245.19.

Lam Research Trading Up 2.1%

LRCX opened at $249.48 on Thursday. The company has a quick ratio of 1.61, a current ratio of 2.26 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $214.18 and its two-hundred day moving average is $163.37. The company has a market capitalization of $311.54 billion, a P/E ratio of 51.12, a PEG ratio of 2.62 and a beta of 1.78. Lam Research Corporation has a 52 week low of $56.32 and a 52 week high of $256.68.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $5.23 billion. During the same quarter last year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Analysts forecast that Lam Research Corporation will post 3.71 earnings per share for the current year.

Lam Research Dividend Announcement

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

Insider Activity

In related news, Director Eric Brandt sold 35,000 shares of Lam Research stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is available through this link. Corporate 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.