Cable Hill Partners buys $1,344,032 stake in Lam Research Corporation (LRCX)

Lam Research Corporation (LRCX) : Cable Hill Partners scooped up 296 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 15,071 shares of Lam Research Corporation which is valued at $1,344,032.Lam Research Corporation makes up approximately 0.95% of Cable Hill Partners’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. boosted its stake in LRCX in the latest quarter, The investment management firm added 26,633 additional shares and now holds a total of 140,678 shares of Lam Research Corporation which is valued at $12,545,664. Lam Research Corporation makes up approx 0.10% of Cornerstone Capital Management Holdings.’s portfolio.Cipher Capital Lp reduced its stake in LRCX by selling 1,374 shares or 15.89% in the most recent quarter. The Hedge Fund company now holds 7,273 shares of LRCX which is valued at $648,606. Lam Research Corporation makes up approx 0.04% of Cipher Capital Lp’s portfolio.Neuberger Berman Group reduced its stake in LRCX by selling 3,431 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 233,675 shares of LRCX which is valued at $21,790,194. Lam Research Corporation makes up approx 0.03% of Neuberger Berman Group’s portfolio. Cambridge Investment Research Advisors sold out all of its stake in LRCX during the most recent quarter. The investment firm sold 5,881 shares of LRCX which is valued $548,403.Candriam Luxembourg S.c.a. boosted its stake in LRCX in the latest quarter, The investment management firm added 1,442 additional shares and now holds a total of 5,544 shares of Lam Research Corporation which is valued at $509,826. Lam Research Corporation makes up approx 0.01% of Candriam Luxembourg S.c.a.’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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