Baldwin Investment Management buys $515,233 stake in Lam Research Corporation (LRCX)

Lam Research Corporation (LRCX) : Baldwin Investment Management scooped up 175 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 2, 2016. The investment management firm now holds a total of 5,675 shares of Lam Research Corporation which is valued at $515,233.Lam Research Corporation makes up approximately 0.22% of Baldwin Investment Management’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc boosted its stake in LRCX in the latest quarter, The investment management firm added 207 additional shares and now holds a total of 21,476 shares of Lam Research Corporation which is valued at $1,949,806. Lam Research Corporation makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.Checchi Capital Advisers reduced its stake in LRCX by selling 201 shares or 11.46% in the most recent quarter. The Hedge Fund company now holds 1,553 shares of LRCX which is valued at $139,848. Lam Research Corporation makes up approx 0.03% of Checchi Capital Advisers’s portfolio. Simplex Trading added LRCX to its portfolio by purchasing 4,551 company shares during the most recent quarter which is valued at $415,097. Lam Research Corporation makes up approx 0.05% of Simplex Trading’s portfolio. Daiwa Sb Investments Ltd. sold out all of its stake in LRCX during the most recent quarter. The investment firm sold 2,990 shares of LRCX which is valued $253,791.

Lam Research Corporation closed down -0.53 points or -0.57% at $92.72 with 15,65,363 shares getting traded on Monday. Post opening the session at $93.16, the shares hit an intraday low of $92.49 and an intraday high of $93.3 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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 .Company shares were Reiterated by Cowen on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $85 .

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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