Vigilant Capital Management buys $9,201,721 stake in Lam Research Corporation (LRCX)

Lam Research Corporation (LRCX) : Vigilant Capital Management scooped up 2,965 additional shares in Lam Research Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 18, 2016. The investment management firm now holds a total of 100,885 shares of Lam Research Corporation which is valued at $9,201,721.Lam Research Corporation makes up approximately 1.71% of Vigilant Capital Management’s portfolio.

Other Hedge Funds, Including , V Wealth Managementllc reduced its stake in LRCX by selling 314 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 19,670 shares of LRCX which is valued at $1,794,101. Lam Research Corporation makes up approx 1.42% of V Wealth Managementllc’s portfolio.Deroy Devereaux Private Investment Counsel Inc boosted its stake in LRCX in the latest quarter, The investment management firm added 1,632 additional shares and now holds a total of 154,990 shares of Lam Research Corporation which is valued at $13,735,214. Lam Research Corporation makes up approx 1.77% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.Gateway Investment Advisers boosted its stake in LRCX in the latest quarter, The investment management firm added 4,760 additional shares and now holds a total of 38,285 shares of Lam Research Corporation which is valued at $3,392,817. Lam Research Corporation makes up approx 0.03% of Gateway Investment Advisers’s portfolio.

Lam Research Corporation opened for trading at $90 and hit $91.5 on the upside on Wednesday, eventually ending the session at $91.21, with a gain of 1.91% or 1.71 points. The heightened volatility saw the trading volume jump to 25,36,375 shares. Company has a market cap of $14,557 M.

On the company’s financial health, Lam Research Corporation reported $1.18 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.10. The company had revenue of $1314.06 million for the quarter, compared to analysts expectations of $1312.59 million. The company’s revenue was down -5.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.40 EPS.

Many Wall Street Analysts have commented on Lam Research Corporation. Shares were Reiterated by Cowen on May 16, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $93 .Company shares were Reiterated by Cowen on Apr 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 93 from a previous price target of $90 .

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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