US Bancorp Trims Lam Research Stake

Institutional investor reduces position in semiconductor equipment maker

Published on Feb. 27, 2026

Got story updates? Submit your updates here. ›

US Bancorp DE, a major institutional investor, has trimmed its position in Lam Research Corporation (NASDAQ:LRCX) by 1.3% in the third quarter, according to a recent SEC filing. The firm now owns 408,205 shares of the semiconductor company's stock, valued at $54.7 million.

Why it matters

Lam Research is a leading global supplier of wafer fabrication equipment and services to the semiconductor industry. Changes in institutional ownership of the company's stock can provide insights into market sentiment and expectations around the semiconductor industry.

The details

According to the filing, US Bancorp sold 5,187 shares of Lam Research stock during the quarter. The firm continues to hold a sizable position in the company, with the remaining 408,205 shares valued at over $54 million. Lam Research's stock price has seen significant volatility in recent months, trading between $56 and $257 over the past 52 weeks.

  • The filing covers US Bancorp's trades in the third quarter of the year.

The players

US Bancorp DE

A major institutional investor and one of the largest bank holding companies in the United States.

Lam Research Corporation

A global supplier of wafer fabrication equipment and services to the semiconductor industry, headquartered in Fremont, California.

Got photos? Submit your photos here. ›

The takeaway

The reduction in US Bancorp's Lam Research position, while relatively small, could signal some institutional caution around the semiconductor industry amid broader economic uncertainty. However, Lam Research remains a major player in the sector with a sizable institutional investor base.