Lam Research Corporation (LRCX) : Analyst Rating Update

Lam Research Corporation (LRCX) : The consensus on Lam Research Corporation (LRCX) based on 10 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 10 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.

Lam Research Corporation (LRCX) : Average target price received by Lam Research Corporation (LRCX) is $93.9 with an expected standard deviation of $4.33. The most aggressive target on the stock is $100, whereas the most downbeat target is $85. 10 financial analysts are currently covering the stock.

Lam Research Corporation (NASDAQ:LRCX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $81.50 and $80.68 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.96, notching a gain of 0.09% for the day. The total traded volume was 1,981,436 . The stock had closed at $81.89 on the previous day.

The company shares have rallied 5.05% from its 1 Year high price. On Jun 23, 2016, the shares registered one year high at $87.19 and the one year low was seen on Sep 24, 2015. The 50-Day Moving Average price is $81.59 and the 200 Day Moving Average price is recorded at $76.91.

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.

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