Montag A & Associates Inc. Sells 22,466 Shares of Lam Research Corporation $LRCX

Key Points

• Montag A & Associates cut its stake in Lam Research by 43.5%, selling 22,466 shares and leaving the firm with 29,178 shares valued at about $5.00 million per its latest 13F filing.
• Company insiders have sold a total of 136,896 shares worth roughly $31.2 million in the past 90 days, including CFO Douglas R. Bettinger (50,057 shares) and Director Eric Brandt (35,000), and now own just 0.31% of the stock.
• Analysts remain broadly positive — with a consensus of 26 Buys and 8 Holds and an average price target of $285.94 — after Lam beat quarterly EPS/revenue and set Q4 2026 guidance of 1.50–1.80 EPS.

Montag A & Associates Inc. lowered its position in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 43.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,178 shares of the semiconductor company's stock after selling 22,466 shares during the period. Montag A & Associates Inc.'s holdings in Lam Research were worth $5,004,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Lam Research by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 130,974,214 shares of the semiconductor company's stock valued at $17,537,447,000 after buying an additional 364,949 shares in the last quarter. State Street Corp increased its position in Lam Research by 0.4% during the 3rd quarter. State Street Corp now owns 59,817,352 shares of the semiconductor company's stock valued at $8,024,684,000 after buying an additional 265,805 shares in the last quarter. Invesco Ltd. increased its position in Lam Research by 18.2% during the 3rd quarter. Invesco Ltd. now owns 21,182,948 shares of the semiconductor company's stock valued at $2,836,397,000 after buying an additional 3,263,658 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Lam Research by 781.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 11,340,865 shares of the semiconductor company's stock valued at $1,518,542,000 after buying an additional 10,053,978 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Lam Research by 6.8% during the 3rd quarter. Nordea Investment Management AB now owns 11,312,752 shares of the semiconductor company's stock valued at $1,512,854,000 after buying an additional 718,178 shares in the last quarter. Institutional investors own 84.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays set a $275.00 price objective on Lam Research and gave the company an "equal weight" rating in a research report on Thursday, April 23rd. Sanford C. Bernstein raised their price objective on Lam Research from $285.00 to $325.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. Argus raised their price objective on Lam Research from $175.00 to $280.00 in a research report on Tuesday, February 3rd. TD Cowen raised their price objective on Lam Research from $290.00 to $340.00 and gave the company a "buy" rating in a research report on Thursday, April 23rd. Finally, Rothschild & Co Redburn raised their price objective on Lam Research from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, February 6th. Twenty-six investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $285.94.

Insider Transactions at Lam Research

In other news, CFO Douglas R. Bettinger sold 50,057 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $224.03, for a total value of $11,214,269.71. Following the transaction, the chief financial officer directly owned 1,081,705 shares in the company, valued at $242,334,371.15. This trade represents a 4.42% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Eric Brandt sold 35,000 shares of the firm's stock in a transaction on Friday, February 6th. The stock was sold at an average price of $225.60, for a total value of $7,896,000.00. Following the completion of the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 136,896 shares of company stock worth $31,213,349 in the last ninety days. Insiders own 0.31% of the company's stock.

Lam Research Stock Down 0.4%

Lam Research stock opened at $256.78 on Friday. The firm has a market cap of $321.12 billion, a price-to-earnings ratio of 48.45, a PEG ratio of 2.12 and a beta of 1.81. The stock has a fifty day simple moving average of $236.37 and a two-hundred day simple moving average of $201.49. Lam Research Corporation has a 12 month low of $72.59 and a 12 month high of $275.84. The company has a current ratio of 2.54, a quick ratio of 1.77 and a debt-to-equity ratio of 0.35.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.11. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company's quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 EPS. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Equities analysts predict that Lam Research Corporation will post 5.68 EPS for the current fiscal year.

Lam Research Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 4th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research's dividend payout ratio (DPR) is 19.62%.

Key Lam Research News

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

• Positive Sentiment: Q3 results and follow-up analyst upgrades highlight continued AI-driven demand and beat Street expectations, supporting near-term revenue/earnings momentum. Analyst Upgrades PT on Lam Research After Q3 Earnings, What’s Next?
• Positive Sentiment: Erste Group raised FY2027 EPS estimates (from $7.02 to $7.74), indicating analysts are increasing medium‑term profit expectations despite a "Hold" rating. Erste Group raises FY2027 EPS
• Positive Sentiment: High-profile portfolio ownership: Lam is highlighted in billionaire Philippe Laffont’s portfolio and cited as a strong YTD performer (roughly +35% YTD), which can attract momentum buyers. Forget Nvidia: This AI Semiconductor Stock in Billionaire Philippe Laffont Portfolio Is Winning in 2026
• Positive Sentiment: Technical: LRCX recently cleared the 20-day simple moving average — a short‑term bullish signal that can draw technical traders. Lam Research Recently Broke Out Above the 20-Day Moving Average
• Neutral Sentiment: Analyst price-target moves are wide-ranging (moves spanning roughly $6 to $105), reflecting divergent views on wafer‑fab equipment demand and valuation — this raises volatility and mixed signals for investors. How The Lam Research (LRCX) Story Is Shifting With New Analyst Targets And Risks
• Neutral Sentiment: Retail and research attention has LRCX trending on stock‑search platforms; that can amplify swings but doesn’t change fundamentals by itself. Lam Research Corporation Is a Trending Stock

Lam Research 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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