Munich Reinsurance Co Stock Corp in Munich Has $18.28 Million Position in Lam Research Corporation $LRCX
MarketBeat
Munich Reinsurance Co Stock Corp in Munich reduced its stake in Lam Research Corporation by 10.6% in the second quarter, now holding 42,175 shares valued at $18.28 million. Despite this, Lam Research reported strong quarterly results with revenue up 30% year-over-year and raised its quarterly dividend, supported by high demand for AI and advanced chips. Analysts maintain a "Moderate Buy" rating, although insider selling has been noted.
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