Lam Research Corporation (LRCX) : At Bancorp added new position in Lam Research Corporation during the most recent quarter end. The investment management firm now holds 71,155 shares of Lam Research Corporation which is valued at $6,324,968 , the company said in a statement filed on Aug 9, 2016 with the SEC.Lam Research Corporation makes up approximately 0.89% of At Bancorp’s portfolio.
Other Hedge Funds, Including , Nine Chapters Capital Management sold out all of its stake in LRCX during the most recent quarter. The investment firm sold 66,000 shares of LRCX which is valued $6,119,520.Strs Ohio reduced its stake in LRCX by selling 337 shares or 3.25% in the most recent quarter. The Hedge Fund company now holds 10,035 shares of LRCX which is valued at $922,819.Vigilant Capital Management boosted its stake in LRCX in the latest quarter, The investment management firm added 2,965 additional shares and now holds a total of 100,885 shares of Lam Research Corporation which is valued at $9,201,721. Lam Research Corporation makes up approx 1.71% of Vigilant Capital Management’s portfolio.Capstone Asset Management Co boosted its stake in LRCX in the latest quarter, The investment management firm added 2,011 additional shares and now holds a total of 20,400 shares of Lam Research Corporation which is valued at $1,807,848. Lam Research Corporation makes up approx 0.05% of Capstone Asset Management Co’s portfolio.
Lam Research Corporation opened for trading at $89.57 and hit $90.68 on the upside on Wednesday, eventually ending the session at $90.21, with a gain of 0.39% or 0.35 points. The heightened volatility saw the trading volume jump to 19,61,560 shares. Company has a market cap of $14,397 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.