Assenagon Asset Management S.A. Reduces Position in Lam Research Corporation $LRCX

robot
Abstract generation in progress

Assenagon Asset Management S.A. significantly reduced its stake in Lam Research Corporation by 87.7% in Q4, selling over 700,000 shares. This move comes despite Lam Research exceeding Q4 earnings expectations and setting positive Q3 FY2026 guidance, though the stock recently plunged due to concerns about Google’s TurboQuant potentially reducing High Bandwidth Memory (HBM) demand. Analysts maintain a “Moderate Buy” consensus for Lam Research, with an average target price of $245.35.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin