Published On: Wed, Oct 19th, 2016

Lam Research Corporation (NASDAQ:LRCX) Latest Broker Coverage


A number of investment brokers have recently updated their price targets on shares of Lam Research Corporation (NASDAQ:LRCX).

Most recent broker ratings

10/13/2016 – Lam Research Corporation had its “buy” rating reiterated by analysts at Needham & Company. They now have a USD 115 price target on the stock.

10/12/2016 – Lam Research Corporation was downgraded to “sector weight” by analysts at Pacific Crest.

10/06/2016 – Lam Research Corporation had its “outperform” rating reiterated by analysts at RBC Capital. They now have a USD 105 price target on the stock.

10/06/2016 – Lam Research Corporation had its “buy” rating reiterated by analysts at UBS. They now have a USD 105 price target on the stock.

10/06/2016 – Lam Research Corporation had its “overweight” rating reiterated by analysts at Morgan Stanley. They now have a USD 105 price target on the stock.

08/30/2016 – Lam Research Corporation had its “outperform” rating reiterated by analysts at Cowen. They now have a USD 95 price target on the stock.

08/12/2016 – Lam Research Corporation had its “buy” rating reiterated by analysts at Citigroup. They now have a USD 102 price target on the stock.

08/11/2016 – Lam Research Corporation was downgraded to “neutral” by analysts at Nomura. They now have a USD 85 price target on the stock.

08/10/2016 – Lam Research Corporation had its “neutral” rating reiterated by analysts at Susquehanna.

07/28/2016 – Lam Research Corporation had its “buy” rating reiterated by analysts at Stifel Nicolaus. They now have a USD 102 price target on the stock.

04/21/2016 – Lam Research Corporation had its “buy” rating reiterated by analysts at B. Riley. They now have a USD 96 price target on the stock.

12/08/2015 – Lam Research Corporation had its “buy” rating reiterated by analysts at Bank of America Merrill Lynch. They now have a USD 100 price target on the stock.

10/22/2015 – Lam Research Corporation had its “buy” rating reiterated by analysts at Deutsche Bank. They now have a USD 85 price target on the stock.

10/06/2015 – Lam Research Corporation had its “overweight” rating reiterated by analysts at Piper Jaffray. They now have a USD 94 price target on the stock.

09/28/2015 – Lam Research Corporation had its “buy” rating reiterated by analysts at Goldman Sachs. They now have a USD 100 price target on the stock.

The share price of Lam Research Corporation (NASDAQ:LRCX) was up +1.44% during the last day of trading, with a day high of 99.69. 2885986 shares were traded during the last session.

The stock’s 50 day moving average is 94.78 and its 200 day moving average is 86.77. The stock’s market capitalization is 15.94B. Lam Research Corporation has a 52-week low of 63.10 and a 52-week high of 102.44.

Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment. Its products are designed to enable its customers build a range of devices that are used in a range of electronic products, including cell phones, tablets, computers, storage devices, and networking equipment. Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make products, such as dynamic random-access memory (DRAM), negative-AND (NAND) memory and logic devices. It offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean.