Lam Research Corporation (LRCX) : Cfo4life scooped up 592 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 8, 2016. The investment management firm now holds a total of 6,719 shares of Lam Research Corporation which is valued at $597,252.Lam Research Corporation makes up approximately 0.49% of Cfo4life’s portfolio.
Other Hedge Funds, Including , Oppenheimer Co Inc reduced its stake in LRCX by selling 2,515 shares or 19.08% in the most recent quarter. The Hedge Fund company now holds 10,668 shares of LRCX which is valued at $948,279. Lam Research Corporation makes up approx 0.03% of Oppenheimer Co Inc’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in LRCX in the latest quarter, The investment management firm added 782 additional shares and now holds a total of 65,702 shares of Lam Research Corporation which is valued at $5,965,085. Lam Research Corporation makes up approx 0.08% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Courier Capital Corp reduced its stake in LRCX by selling 269 shares or 7.8% in the most recent quarter. The Hedge Fund company now holds 3,181 shares of LRCX which is valued at $288,803. Lam Research Corporation makes up approx 0.06% of Courier Capital Corp’s portfolio.Tradelink Capital reduced its stake in LRCX by selling 69 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 3,534 shares of LRCX which is valued at $320,852. Lam Research Corporation makes up approx 1.49% of Tradelink Capital’s portfolio. Pitcairn Co added LRCX to its portfolio by purchasing 7,639 company shares during the most recent quarter which is valued at $702,482. Lam Research Corporation makes up approx 0.09% of Pitcairn Co’s portfolio.
Lam Research Corporation opened for trading at $89.17 and hit $91.37 on the upside on Monday, eventually ending the session at $90.74, with a gain of 1.75% or 1.56 points. The heightened volatility saw the trading volume jump to 21,24,021 shares. Company has a market cap of $14,482 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.