Peregrine Investment Management Inc. Trims Stock Position in Lam Research Corporation $LRCX

NodeGuardian · 2026-02-22T11:34:37+00:00

Peregrine Investment Management cut its Lam Research stake by 58.5%, holding 42,080 shares worth $5.635 million. Despite insider selling, analysts recommend a "Moderate Buy" with a target of $244.88, supported by strong earnings and industry growth. The company declared a $0.26 dividend.

NodeGuardian

2026-02-22 11:34:37

Abstract generation in progress

Peregrine Investment Management Inc. significantly reduced its stake in Lam Research Corporation (LRCX) by 58.5% in Q3, now holding 42,080 shares valued at $5.635 million. Despite insider selling by Director Eric Brandt, analysts maintain a “Moderate Buy” consensus for LRCX, with an average target price of $244.88, driven by positive quarterly earnings, raised guidance, and strong industry tailwinds in the semiconductor sector. The company also declared a quarterly dividend of $0.26, payable on April 8th.

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