Banque Pictet & Cie SA Reduces Stake in Lam Research Corporation

Institutional investor sells over 51,000 shares of semiconductor equipment manufacturer

Apr. 2, 2026 at 7:34am

Got story updates? Submit your updates here. ›

Banque Pictet & Cie SA, a Swiss private bank, reduced its position in shares of Lam Research Corporation (NASDAQ:LRCX) by 33.1% in the fourth quarter, according to a recent SEC filing. The bank now owns 104,821 shares of the semiconductor company's stock, down from 156,614 shares previously.

Why it matters

Lam Research is a major supplier of wafer fabrication equipment and services to the global semiconductor industry. Changes in institutional ownership of the company's stock can signal shifts in investor sentiment and market expectations around the semiconductor sector.

The details

According to the filing, Banque Pictet & Cie SA sold 51,793 shares of Lam Research during the fourth quarter. The bank's total holdings in the company are now valued at $17.9 million. Lam Research's stock price has risen significantly over the past year, up over 50% as of the end of the fourth quarter.

  • The share sale occurred in the fourth quarter of 2025.

The players

Banque Pictet & Cie SA

A Swiss private bank that manages investments and assets for high-net-worth individuals and institutions.

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

This transaction reflects Banque Pictet's reduced exposure to Lam Research, potentially signaling a shift in the bank's outlook on the semiconductor equipment sector. However, Lam Research remains a major holding, indicating the bank still sees long-term value in the company.