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Montag A & Associates Inc. Sells 22,466 Shares of Lam Research Corporation $LRCX
Montag A & Associates Inc. reduced its stake in Lam Research Corporation by 43.5%, selling 22,466 shares and retaining 29,178 shares valued at approximately $5.00 million. Several other institutional investors increased their positions in the semiconductor company. Lam Research recently exceeded quarterly EPS and revenue estimates, and analysts maintain a “Moderate Buy” rating with an average target price of $285.94.