- Today
- Holidays
- Birthdays
- Reminders
- Cities
- Atlanta
- Austin
- Baltimore
- Berwyn
- Beverly Hills
- Birmingham
- Boston
- Brooklyn
- Buffalo
- Charlotte
- Chicago
- Cincinnati
- Cleveland
- Columbus
- Dallas
- Denver
- Detroit
- Fort Worth
- Houston
- Indianapolis
- Knoxville
- Las Vegas
- Los Angeles
- Louisville
- Madison
- Memphis
- Miami
- Milwaukee
- Minneapolis
- Nashville
- New Orleans
- New York
- Omaha
- Orlando
- Philadelphia
- Phoenix
- Pittsburgh
- Portland
- Raleigh
- Richmond
- Rutherford
- Sacramento
- Salt Lake City
- San Antonio
- San Diego
- San Francisco
- San Jose
- Seattle
- Tampa
- Tucson
- Washington
Bank of Nova Scotia Boosts Stake in Lam Research
Institutional investor adds over 460,000 shares of semiconductor equipment maker
Mar. 15, 2026 at 9:22am
Got story updates? Submit your updates here. ›
Bank of Nova Scotia, a major Canadian financial institution, increased its holdings in Lam Research Corporation (NASDAQ:LRCX) by 41.5% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The bank now owns 1,585,023 shares of the semiconductor company's stock, worth approximately $212 million.
Why it matters
Lam Research is a leading manufacturer of semiconductor fabrication equipment, making it a key supplier to the global tech industry. The Bank of Nova Scotia's increased stake signals confidence in the company's long-term prospects, as semiconductor demand remains strong amid the ongoing digital transformation across industries.
The details
In the third quarter, Bank of Nova Scotia added 464,511 shares of Lam Research, bringing its total position to 1,585,023 shares. This represents approximately 0.13% of Lam Research's outstanding stock. The bank's increased investment comes as Lam Research has seen its share price rise over 40% in the past year, driven by robust demand for its semiconductor manufacturing tools.
- Bank of Nova Scotia disclosed the increased stake in Lam Research in a 13F filing for the third quarter of 2026.
The players
Bank of Nova Scotia
A major Canadian financial institution and one of the largest banks in North America.
Lam Research Corporation
A global supplier of wafer fabrication equipment and services to the semiconductor industry, headquartered in Fremont, California.
The takeaway
The Bank of Nova Scotia's increased stake in Lam Research underscores the continued strength of the semiconductor industry and the market's confidence in Lam Research's position as a leading supplier of critical manufacturing equipment.
