Lam Research Corporation (LRCX) : The consensus on Lam Research Corporation (LRCX) based on 12 analyst recommendation on the company stock is 1.25, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Lam Research Corporation (LRCX) : The consensus price target for Lam Research Corporation (LRCX) is $101.23 for the short term with a standard deviation of $7.53. The most optimist securities analyst among the 13 who monitor the stock believes that the stock can reach $110, however, the pessimist price target for the company is $85.
Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Lam Research Corporation (NASDAQ:LRCX). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $102 per share from a prior target of $105. The rating by the firm was issued on August 12, 2016.
Lam Research Corporation (NASDAQ:LRCX): After opening at $91.57, the stock dipped to an intraday low of $91.57 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $93.7 and the buying power remained strong till the end. The stock closed at $93.36 for the day, a gain of 1.95% for the day session. The total traded volume was 2,642,638. The stocks close on the previous trading day was $91.57.
Lam Research Corporation (Lam Research) is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Companys 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 devices 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.