Impact of Brokerage Rating on Lam Research Corporation(LRCX)

Many Lam Research Corporation(LRCX) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Needham on Jan 26, 2017 to Buy, Raises Price Target to $ 145 from a previous price target of $135 .Company shares were Reiterated by Cowen on Jan 26, 2017 to Outperform, Raises Price Target to $ 125 from a previous price target of $105 .Company shares were Reiterated by RBC Capital Mkts on Jan 13, 2017 to Outperform, Raises Price Target to $ 120 from a previous price target of $110 .Lam Research Corporation was Upgraded by Goldman to Buy on Dec 19, 2016. Company shares were Reiterated by Stifel on Nov 21, 2016 to Buy, Raises Price Target to $ 116 from a previous price target of $110 .

Company has reported several Insider transactions to the SEC, on Feb 2, 2017, Timothy Archer (Chief Operating Officer) sold 28,580 shares at 115.62 per share price.On Jan 13, 2017, Martin B Anstice (President and CEO) sold 16,000 shares at 107.72 per share price.On Dec 12, 2016, Mansy Youssef A El (director) sold 2,333 shares at 106.56 per share price.

Lam Research Corporation Last issued its quarterly earnings results on Jan 25, 2017. The company reported $2.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.05. Analyst had a consensus of $2.19. The company had revenue of $1882.00 million for the quarter, compared to analysts expectations of $1843.06 million. The companys revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.57 EPS.

Lam Research Corporation (NASDAQ:LRCX) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.43 by 14 Brokerage Firm. 10 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.

Lam Research Corporation (NASDAQ:LRCX): The stock price is expected to reach $ 127.62 in the short term. The number of analysts agreeing with this consensus is 13. The higher estimate for the short term price target is at $150 while the lower estimate is at $85. The standard deviation of the price stands at $17.27.

Lam Research Corporation (NASDAQ:LRCX) witnessed a decline in the market cap on Tuesday as its shares dropped 0.54% or 0.63 points. After the session commenced at $116, the stock reached the higher end at $116.27 while it hit a low of $114.69. With the volume soaring to 1,214,438 shares, the last trade was called at $115.63. The company has a 52-week high of $119.14. The company has a market cap of $18,830 million and there are 162,843,880 shares in outstanding. The 52-week low of the share price is $66.05.

Lam Research Corporation designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam is recognized as a leading supplier of front-end wafer processing equipment to the worldwide semiconductor industry. The Companys products are used selectively to etch away portions of various films to create an integrated circuit.


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