Lam Research Corporation (LRCX) : Trinity Street Asset Management Llp scooped up 5,790 additional shares in Lam Research Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 451,640 shares of Lam Research Corporation which is valued at $46,135,026.Lam Research Corporation makes up approximately 7.99% of Trinity Street Asset Management Llp’s portfolio.
Other Hedge Funds, Including , E&g Advisors Lp reduced its stake in LRCX by selling 100 shares or 3.13% in the most recent quarter. The Hedge Fund company now holds 3,100 shares of LRCX which is valued at $316,665. Lam Research Corporation makes up approx 0.19% of E&g Advisors Lp’s portfolio.First Mercantile Trust Co reduced its stake in LRCX by selling 600 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 600 shares of LRCX which is valued at $60,210. Lam Research Corporation makes up approx 0.01% of First Mercantile Trust Co’s portfolio. Central Bank Trust Co added LRCX to its portfolio by purchasing 105 company shares during the most recent quarter which is valued at $10,537.Eqis Capital Management boosted its stake in LRCX in the latest quarter, The investment management firm added 667 additional shares and now holds a total of 14,843 shares of Lam Research Corporation which is valued at $1,427,451. Lam Research Corporation makes up approx 0.09% of Eqis Capital Management’s portfolio.Harbour Capital Advisors reduced its stake in LRCX by selling 5,425 shares or 30.96% in the most recent quarter. The Hedge Fund company now holds 12,100 shares of LRCX which is valued at $1,163,657. Lam Research Corporation makes up approx 0.63% of Harbour Capital Advisors’s portfolio.
Lam Research Corporation closed down -2.56 points or -2.51% at $99.59 with 49,12,581 shares getting traded on Tuesday. Post opening the session at $101.61, the shares hit an intraday low of $98.64 and an intraday high of $101.64 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.