Lam Research Corporation $LRCX Stock Position Decreased by Montrusco Bolton Investments Inc.

Key Points

• Montrusco Bolton Investments reduced its Lam Research position by 3.5% in the third quarter, selling 23,199 shares and retaining 648,283 shares worth approximately $213 million. Institutional investors and hedge funds collectively own 84.61% of LRCX.
• Analyst sentiment remains favorable: Lam Research has a consensus “Moderate Buy” rating and an average price target of $364.59, supported by recent target increases and expectations for strong upcoming results.
• Lam Research delivered strong operating results and raised its dividend from $0.26 to $0.33 per quarter after reporting quarterly revenue growth of 30% and EPS above estimates. However, the stock’s elevated valuation and recent semiconductor-equipment selling remain risks ahead of the October 21 earnings call.

Montrusco Bolton Investments Inc. reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX - Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 648,283 shares of the semiconductor company's stock after selling 23,199 shares during the period. Lam Research accounts for approximately 3.4% of Montrusco Bolton Investments Inc.'s holdings, making the stock its 8th biggest position. Montrusco Bolton Investments Inc. owned about 0.05% of Lam Research worth $212,967,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp raised its holdings in Lam Research by 411.8% in the 2nd quarter. Van ECK Associates Corp now owns 11,089,395 shares of the semiconductor company's stock worth $4,805,368,000 after acquiring an additional 8,922,854 shares during the period. Bank of New York Mellon Corp bought a new stake in Lam Research during the second quarter valued at about $3,777,585,000. Corient Private Wealth LLC boosted its holdings in Lam Research by 235.5% during the fourth quarter. Corient Private Wealth LLC now owns 5,199,441 shares of the semiconductor company's stock valued at $890,040,000 after acquiring an additional 3,649,553 shares during the period. J. Stern & Co. LLP boosted its holdings in Lam Research by 3,826.9% during the fourth quarter. J. Stern & Co. LLP now owns 3,459,377 shares of the semiconductor company's stock valued at $592,176,000 after acquiring an additional 3,371,283 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Lam Research by 296.9% in the first quarter. Jennison Associates LLC now owns 3,373,306 shares of the semiconductor company's stock valued at $720,740,000 after purchasing an additional 2,523,351 shares during the last quarter. 84.61% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Lam Research

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

• Positive Sentiment: Analyst estimates and price targets remain supportive. DBS Bank raised its price target for Lam Research to $416, while Erste Group increased its FY2027 EPS estimate to $9.40 from $9.34 and FY2028 EPS estimate to $11.99 from $11.68. DBS Bank lifts target to USD 416 for Lam Research stock
• Positive Sentiment: Expectations for upcoming results are strong. UBS reportedly expects Lam Research to deliver strong results and guidance, while recent quarterly results showed record revenue, margins and EPS, with management guiding to another solid quarter. Lam Research, TI and Western Digital are likely to post strong results, guidance: UBS
• Neutral Sentiment: The next major catalyst is the October 21 earnings call. Investors are likely to focus on Lam Research’s outlook for wafer-fabrication equipment demand, AI-related spending and its fiscal 2027 guidance. The stock’s elevated valuation means results and guidance may need to exceed expectations to support further gains.
• Negative Sentiment: Broad semiconductor-equipment selling is the main near-term headwind. Applied Materials, Lam Research and KLA all weakened as investors locked in gains and reassessed expensive AI-related chip stocks ahead of important industry earnings reports. Because Lam is closely tied to semiconductor capital-spending cycles, it tends to move with the group even without negative company news. Semiconductor Equipment Stocks Slide as Investors Take Profits on a Huge Year
• Negative Sentiment: Reported insider activity may add to investor caution. Quiver Quantitative data shows 55 insider sales and no purchases over the past six months, although such transactions may reflect scheduled sales or diversification rather than a direct view of business prospects. Why Lam Research Stock Is Down Today

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on LRCX shares. Oppenheimer reiterated an "outperform" rating and issued a $400.00 price objective (up from $330.00) on shares of Lam Research in a research note on Monday, June 15th. Morgan Stanley restated an "overweight" rating and set a $385.00 target price (up from $367.00) on shares of Lam Research in a research note on Monday, October 5th. Zacks Research raised Lam Research from a "hold" rating to a "strong-buy" rating in a report on Friday, July 17th. Berenberg Bank set a $420.00 price target on Lam Research in a research report on Wednesday, September 9th. Finally, TD Cowen reiterated a "buy" rating and set a $400.00 price target (up from $340.00) on shares of Lam Research in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $364.59.

Insider Buying and Selling

In other news, insider Ava Harter sold 5,000 shares of the business's stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $302.46, for a total transaction of $1,512,300.00. Following the sale, the insider directly owned 42,462 shares in the company, valued at approximately $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bethany Mayer sold 9,557 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $314.74, for a total value of $3,007,970.18. Following the completion of the transaction, the director owned 20,995 shares of the company's stock, valued at $6,607,966.30. The trade was a 31.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.31% of the company's stock.

Lam Research Stock Performance

Shares of NASDAQ LRCX traded down $8.45 during mid-day trading on Tuesday, hitting $301.11. The company had a trading volume of 8,154,915 shares, compared to its average volume of 10,660,391. Lam Research Corporation has a 12 month low of $134.04 and a 12 month high of $438.50. The firm has a market cap of $376.82 billion, a P/E ratio of 52.28, a PEG ratio of 1.26 and a beta of 1.85. The business's 50-day simple moving average is $311.28 and its 200-day simple moving average is $306.87. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The firm had revenue of $6.72 billion for the quarter, compared to analyst estimates of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The company's quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts predict that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 23rd will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a boost from Lam Research's previous quarterly dividend of $0.26. Lam Research's payout ratio is 22.92%.

About Lam Research

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.