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Bayforest Capital Ltd Sells 6,678 Shares of Lam Research Corporation $LRCX
Bayforest Capital Ltd significantly reduced its stake in Lam Research Corporation by selling 6,678 shares, decreasing its holdings by 94.7%. Despite this, institutional investors collectively own 84.61% of the company, and Lam Research recently beat Q3 earnings estimates, raising Q4 guidance, which led analysts to increase price targets. However, some caution that the stock’s recent performance might indicate stretched valuations.