Sensato Investors adds Lam Research Corporation (LRCX) to its portfolio

Lam Research Corporation (LRCX) : Sensato Investors added new position in Lam Research Corporation during the most recent quarter end. The investment management firm now holds 231,400 shares of Lam Research Corporation which is valued at $20,636,252 , the company said in a statement filed on Aug 15, 2016 with the SEC.Lam Research Corporation makes up approximately 3.43% of Sensato Investors’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. added LRCX to its portfolio by purchasing 16,800 company shares during the most recent quarter which is valued at $1,498,224. Lam Research Corporation makes up approx 0.01% of Connor Clark Lunn Investment Management Ltd.’s portfolio.State Of Wisconsin Investment Board reduced its stake in LRCX by selling 13,890 shares or 9.95% in the most recent quarter. The Hedge Fund company now holds 125,744 shares of LRCX which is valued at $11,213,850. Lam Research Corporation makes up approx 0.04% of State Of Wisconsin Investment Board’s portfolio.Fmr boosted its stake in LRCX in the latest quarter, The investment management firm added 6,182,540 additional shares and now holds a total of 10,317,149 shares of Lam Research Corporation which is valued at $920,083,348. Lam Research Corporation makes up approx 0.12% of Fmr’s portfolio.Proficio Capital Partners reduced its stake in LRCX by selling 28 shares or 62.22% in the most recent quarter. The Hedge Fund company now holds 17 shares of LRCX which is valued at $1,526.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.

Lam Research Corporation opened for trading at $93.6 and hit $94.77 on the upside on Thursday, eventually ending the session at $94.63, with a gain of 1.40% or 1.31 points. The heightened volatility saw the trading volume jump to 18,99,987 shares. Company has a market cap of $15,165 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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