Wed Sep 25 09:24:49 UTC 2024: ## 1832 Asset Management Cuts Stake in Lam Research by 36.2%
**New York, NY** – 1832 Asset Management L.P. has reduced its holdings in Lam Research Co. (NASDAQ:LRCX) by a significant 36.2% in the second quarter, according to the company’s recent SEC filing. The fund now owns 4,987 shares of the semiconductor equipment manufacturer.
The decision to trim its stake comes as Lam Research, a key player in the semiconductor industry, faces market uncertainties. While the company’s financial performance remains strong, investors are closely monitoring potential shifts in the global semiconductor market.
This move by 1832 Asset Management adds to a growing trend of investors adjusting their positions in semiconductor companies, reflecting the current volatile market conditions.
First Piper 