China Universal Asset Management Co. Ltd. Buys 4,576 Shares of Lam Research Corporation $LRCX

China Universal Asset Management Co. Ltd. increased its stake in Lam Research Corporation (NASDAQ:LRCX) by 9.2% in the fourth quarter, acquiring an additional 4,576 shares, bringing its total holdings to 54,487 shares valued at approximately $9.34 million. This comes as Lam Research reported strong earnings, beating analyst expectations and providing positive guidance, leading to numerous analyst price target increases and a “Moderate Buy” consensus rating. Despite positive results and significant institutional ownership, the article notes insider stock sales and valuation concerns due to the stock’s high P/E ratio.

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