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Securian Asset Management Inc. Cuts Stake in Lam Research Corporation $LRCX
Securian Asset Management Inc. reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 44.1% during the fourth quarter, selling 26,968 shares. Despite this, other institutional investors like Vanguard Group, State Street Corp, and Invesco Ltd. increased their holdings. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $285.94, citing strong earnings and AI-fab beneficiaries for potential continued upside.