Montrusco Bolton Investments Inc. Lowers Position in Lam Research Corporation $LRCX

Key Points

• Montrusco Bolton Investments cut its stake in Lam Research by 35.7% in Q4, selling 348,382 shares and retaining 626,819 shares valued at about $104.2 million, roughly 1.3% of its portfolio (its 26th largest holding).
• Lam posted a Q3 beat and gave strong AI-driven guidance, prompting multiple analyst price-target raises and a consensus rating of "Moderate Buy" with a consensus price target of $283.65 (individual targets range substantially higher in some notes).

Montrusco Bolton Investments Inc. lessened its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 35.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 626,819 shares of the semiconductor company's stock after selling 348,382 shares during the quarter. Lam Research makes up about 1.3% of Montrusco Bolton Investments Inc.'s investment portfolio, making the stock its 26th largest position. Montrusco Bolton Investments Inc.'s holdings in Lam Research were worth $104,227,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the stock. Traphagen Investment Advisors LLC lifted its holdings in shares of Lam Research by 2.4% in the fourth quarter. Traphagen Investment Advisors LLC now owns 1,963 shares of the semiconductor company's stock worth $336,000 after buying an additional 46 shares in the last quarter. Field & Main Bank lifted its holdings in shares of Lam Research by 1.1% in the fourth quarter. Field & Main Bank now owns 4,615 shares of the semiconductor company's stock worth $790,000 after buying an additional 50 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of Lam Research by 1.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 4,646 shares of the semiconductor company's stock worth $795,000 after buying an additional 51 shares in the last quarter. Global Financial Private Client LLC lifted its holdings in shares of Lam Research by 0.5% in the fourth quarter. Global Financial Private Client LLC now owns 11,037 shares of the semiconductor company's stock worth $1,889,000 after buying an additional 52 shares in the last quarter. Finally, WealthCollab LLC lifted its holdings in shares of Lam Research by 29.3% in the fourth quarter. WealthCollab LLC now owns 243 shares of the semiconductor company's stock worth $42,000 after buying an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 84.61% of the company's stock.

Analysts Set New Price Targets

LRCX has been the topic of a number of recent research reports. Zacks Research downgraded shares of Lam Research from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Barclays set a $275.00 price target on shares of Lam Research and gave the company an "equal weight" rating in a research note on Thursday. Royal Bank Of Canada upped their price target on shares of Lam Research from $290.00 to $310.00 and gave the company an "outperform" rating in a research note on Thursday. Berenberg Bank upped their price target on shares of Lam Research from $265.00 to $335.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Morgan Stanley upped their price target on shares of Lam Research from $260.00 to $293.00 and gave the company an "equal weight" rating in a research note on Thursday. Twenty-six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $283.65.

Key Lam Research News

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

• Positive Sentiment: Q3 results beat expectations (EPS $1.47, revenue $5.84B) and management gave strong FY guidance tied to AI demand — investors view this as confirmation of a multi-year WFE upcycle. Earnings & press coverage
• Positive Sentiment: Major analysts have lifted price targets across the board (examples: TD Cowen $340, Susquehanna $385, JPMorgan $315, BofA $330), signaling upgraded revenue and margin forecasts driven by AI memory and logic chip spending. Analyst target upgrades
• Positive Sentiment: Several bank research notes reiterated buy/outperform ratings and sizable upside, reinforcing momentum and prompting institutional buyers to add exposure. Deutsche Bank price target raise
• Neutral Sentiment: Broad market action (Dow slip while Nasdaq gains) and strong moves in other chip names (Intel, AMD, Arm) contributed to sector flow into semiconductor-equipment names including LRCX. Market breadth coverage
• Neutral Sentiment: Not all firms moved to buy: a few kept neutral/equal-weight stances (e.g., Morgan Stanley, BNP Paribas), showing some analysts want to see more cycles of delivery before upgrading conviction. Morgan Stanley note
• Negative Sentiment: Valuation concerns: commentary and analysis warn the stock reflects a lot of AI upside already — some investors may view multiple and momentum as stretched, which could amplify pullbacks on any growth-slow surprises. Valuation caution analysis

Insiders Place Their Bets

In other Lam Research news, CFO Douglas R. Bettinger sold 50,057 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $224.03, for a total transaction 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 represents a 4.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Brandt sold 35,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $225.60, for a total transaction of $7,896,000.00. Following the transaction, the director owned 253,705 shares in the company, valued at approximately $57,235,848. The trade was a 12.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 130,886 shares of company stock worth $29,658,802 in the last three months. Corporate insiders own 0.31% of the company's stock.

Lam Research Trading Up 3.6%

Shares of LRCX opened at $267.78 on Friday. Lam Research Corporation has a twelve month low of $68.53 and a twelve month high of $275.84. The company has a market cap of $334.40 billion, a P/E ratio of 50.52, a P/E/G ratio of 2.69 and a beta of 1.78. The company has a current ratio of 2.54, a quick ratio of 1.61 and a debt-to-equity ratio of 0.35. The company's fifty day simple moving average is $234.99 and its 200-day simple moving average is $197.84.

Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly 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 firm had revenue of $5.84 billion for the quarter, compared to analysts' expectations of $5.70 billion. Lam Research had a net margin of 30.94% and a return on equity of 66.21%. The business's revenue for the quarter was up 23.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.04 earnings per share. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. As a group, analysts expect that Lam Research Corporation will post 5.43 EPS for the current year.

Lam Research Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 4th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, March 4th. Lam Research's dividend payout ratio is presently 19.62%.

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.

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