Trinity Street Asset Management Llp Lowers stake in Lam Research Corporation (LRCX)

Lam Research Corporation (LRCX) : Trinity Street Asset Management Llp reduced its stake in Lam Research Corporation by 16.4% during the most recent quarter end. The investment management company now holds a total of 517,164 shares of Lam Research Corporation which is valued at $42,221,269 after selling 101,456 shares in Lam Research Corporation , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Lam Research Corporation makes up approximately 8.55% of Trinity Street Asset Management Llp’s portfolio.

Lam Research Corporation opened for trading at $81.67 and hit $82.42 on the upside on Monday, eventually ending the session at $82.06, with a gain of 0.51% or 0.42 points. The heightened volatility saw the trading volume jump to 27,07,630 shares. Company has a market cap of $13,039 M.

Other Hedge Funds, Including , Oakbrook Investments reduced its stake in LRCX by selling 100 shares or 1.17% in the most recent quarter. The Hedge Fund company now holds 8,450 shares of LRCX which is valued at $689,858. Lam Research Corporation makes up approx 0.04% of Oakbrook Investments’s portfolio. Juncture Wealth Strategies sold out all of its stake in LRCX during the most recent quarter. The investment firm sold 14,671 shares of LRCX which is valued $1,197,740.Proficio Capital Partners boosted its stake in LRCX in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 45 shares of Lam Research Corporation which is valued at $3,662. Foundry Partners added LRCX to its portfolio by purchasing 106,490 company shares during the most recent quarter which is valued at $8,666,156. Lam Research Corporation makes up approx 0.87% of Foundry Partners’s portfolio.

On the company’s financial health, Lam Research Corporation reported $1.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $1.42. The company had revenue of $1425.53 million for the quarter, compared to analysts expectations of $1411.57 million. The company’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on Lam Research Corporation. RBC Capital Mkts Resumed Lam Research Corporation on Mar 17, 2016 to “Outperform”, Price Target of the shares are set at $92.

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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