Rench Wealth Management Inc. Trims Stake in Lam Research Corporation $LRCX
MarketBeat
Rench Wealth Management Inc. reduced its stake in Lam Research Corporation (NASDAQ:LRCX) by 15.8% in the second quarter, selling 11,284 shares but still holding 60,262 shares valued at $26.1 million, making it their second-largest holding. Lam Research reported strong quarterly earnings, exceeding analyst estimates with $1.82 EPS and $6.72 billion in revenue, and increased its quarterly dividend. Despite a favorable "Moderate Buy" analyst consensus, the stock's high valuation and recent gains co
Read the full story
This is a short summary. The complete article is published by MarketBeat.
Headline and summary aggregated from public news feeds. For information only — not financial advice.