Jennison Associates LLC Acquires 53,347 Shares of Lam Research Corporation $LRCX

Jennison Associates LLC increased its stake in Lam Research Corporation by 6.7% in the fourth quarter, acquiring an additional 53,347 shares to bring its total holdings to 849,955 shares valued at about $145.5 million. This comes as Lam Research reported strong Q3 earnings, beating analyst estimates with $1.47 EPS and $5.84 billion in revenue, and provided positive Q4 guidance, leading to several analyst upgrades. Despite positive sentiment and analyst upgrades, recent insider selling, including significant sales by the CFO and a director, has been noted, which could introduce short-term caution.

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