Entropy Technologies LP Takes $6.07 Million Position in Lam Research Corporation

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Entropy Technologies LP purchased a new stake in shares of Lam Research Corporation (NASDAQ:LRCX) during the 3rd quarter, according to the company's most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 45,295 shares of the semiconductor company's stock, valued at approximately $6,065,000.

Why it matters

This investment by Entropy Technologies LP in Lam Research Corporation, a leading semiconductor equipment manufacturer, suggests the institutional investor sees growth potential in the semiconductor industry and Lam Research's position within it.

The details

Entropy Technologies LP, an institutional investor, purchased 45,295 shares of Lam Research Corporation stock during the 3rd quarter. This new stake in the semiconductor company is valued at approximately $6,065,000. Lam Research is a global supplier of wafer fabrication equipment and services to the semiconductor industry, developing and manufacturing systems used in multiple stages of semiconductor device production.

• The purchase was made during the 3rd quarter of the year.