Bokf Na buys $10,459,298 stake in Lam Research Corporation (LRCX)

Lam Research Corporation (LRCX) : Bokf Na scooped up 5,261 additional shares in Lam Research Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 117,283 shares of Lam Research Corporation which is valued at $10,459,298.Lam Research Corporation makes up approximately 0.36% of Bokf Na’s portfolio.

Other Hedge Funds, Including , Meiji Yasuda Life Insurance Co boosted its stake in LRCX in the latest quarter, The investment management firm added 4,830 additional shares and now holds a total of 20,855 shares of Lam Research Corporation which is valued at $1,859,849. Lam Research Corporation makes up approx 0.29% of Meiji Yasuda Life Insurance Co’s portfolio.Cleararc Capital Inc boosted its stake in LRCX in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 3,892 shares of Lam Research Corporation which is valued at $347,089. Lam Research Corporation makes up approx 0.07% of Cleararc Capital Inc’s portfolio.Carret Asset Management reduced its stake in LRCX by selling 50 shares or 0.69% in the most recent quarter. The Hedge Fund company now holds 7,194 shares of LRCX which is valued at $641,561. Lam Research Corporation makes up approx 0.12% of Carret Asset Management’s portfolio.Ashburton (jersey) Ltd reduced its stake in LRCX by selling 12,496 shares or 24.7% in the most recent quarter. The Hedge Fund company now holds 38,089 shares of LRCX which is valued at $3,419,250. Lam Research Corporation makes up approx 1.37% of Ashburton (jersey) Ltd’s portfolio.

Lam Research Corporation opened for trading at $93.86 and hit $95.77 on the upside on Monday, eventually ending the session at $94.34, with a gain of 0.56% or 0.53 points. The heightened volatility saw the trading volume jump to 17,03,060 shares. Company has a market cap of $15,119 M.

On the company’s financial health, Lam Research Corporation reported $1.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.16 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $1.64. The company had revenue of $1546.26 million for the quarter, compared to analysts expectations of $1530.74 million. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS.

Many Wall Street Analysts have commented on Lam Research Corporation. Lam Research Corporation was Downgraded by Nomura to ” Neutral” on Aug 11, 2016. Company shares were Reiterated by Stifel on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 102 from a previous price target of $93 .Company shares were Reiterated by RBC Capital Mkts on Jul 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 105 from a previous price target of $95 .

Lam Research Corporation (Lam Research) is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company’s products are used primarily in front-end wafer processing which involves the steps that create the active components of a device and their wiring. It also addresses processes for back-end wafer-level packaging (WLP). In addition its products are offered for related markets that rely on semiconductor processes and require production-proven manufacturing capability such as micro-electromechanical systems (MEMS). Its thin film deposition systems form a device’s sub-microscopic layers of conducting (metal) or insulating (dielectric) materials. It is a provider of plasma etch a process step that selectively removes materials from the wafer to create the features and patterns of a device. Its wet spin clean and plasma-based bevel clean products remove particles residues and film from the wafer surface before or after adjacent processes.

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