Gmt Capital Corp buys $72,498,684 stake in Lam Research Corporation (LRCX)

Lam Research Corporation (LRCX) : Gmt Capital Corp scooped up 530,100 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 8, 2016. The investment management firm now holds a total of 815,600 shares of Lam Research Corporation which is valued at $72,498,684.Lam Research Corporation makes up approximately 1.62% of Gmt Capital Corp’s portfolio.

Other Hedge Funds, Including , Royce Associates Lp reduced its stake in LRCX by selling 10,000 shares or 12.53% in the most recent quarter. The Hedge Fund company now holds 69,800 shares of LRCX which is valued at $6,204,522. Lam Research Corporation makes up approx 0.04% of Royce Associates Lp’s portfolio.California State Teachers Retirement System boosted its stake in LRCX in the latest quarter, The investment management firm added 633 additional shares and now holds a total of 299,750 shares of Lam Research Corporation which is valued at $27,214,303. Lam Research Corporation makes up approx 0.06% of California State Teachers Retirement System’s portfolio.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in LRCX in the latest quarter, The investment management firm added 3,468 additional shares and now holds a total of 32,028 shares of Lam Research Corporation which is valued at $2,875,154. Lam Research Corporation makes up approx 0.08% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Pggm Investments boosted its stake in LRCX in the latest quarter, The investment management firm added 6,510 additional shares and now holds a total of 111,631 shares of Lam Research Corporation which is valued at $10,265,587. Lam Research Corporation makes up approx 0.05% of Pggm Investments’s portfolio.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.

Lam Research Corporation opened for trading at $89.17 and hit $91.37 on the upside on Monday, eventually ending the session at $90.74, with a gain of 1.75% or 1.56 points. The heightened volatility saw the trading volume jump to 21,24,021 shares. Company has a market cap of $14,482 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.

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