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Benjamin Edwards Inc. Sells 38,667 Shares of Lam Research Corporation $LRCX
Benjamin Edwards Inc. reduced its stake in Lam Research Corporation by 22.3%, selling 38,667 shares in Q4, but still holds 134,599 shares valued at $23.04 million. Despite significant insider selling within the last three months, Lam Research reported better-than-expected Q3 results driven by AI-driven demand, leading analysts to raise price targets and maintain a consensus “Moderate Buy” rating. The company also announced a quarterly dividend and strong financial metrics, although analyst price targets show a wide range reflecting divergent views on wafer-fab equipment demand.