Lam Research Corporation (LRCX) : Traders are bullish on Lam Research Corporation (LRCX) as it has outperformed the S&P 500 by a wide margin of 4.72% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.33%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.67% in the last 1 week, and is up 4.5% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 2.66% and the fifty day Moving Average is 6.24%. Lam Research Corporation is up 13.47% in the last three month period. Year-to-Date the stock performance stands at 19.03%.
Lam Research Corporation (LRCX) : The most positive equity analysts on Lam Research Corporation (LRCX) expects the shares to touch $110, whereas, the least positive believes that the stock will trade at $85 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $101.23 with an expected fluctuation of $7.53 from the mean.
Lam Research Corporation (NASDAQ:LRCX): stock turned positive on Friday. Though the stock opened at $93.41, the bulls momentum made the stock top out at $94.15 level for the day. The stock recorded a low of $92.76 and closed the trading day at $93.81, in the green by 0.40%. The total traded volume for the day was 1,689,478. The stock had closed at $93.44 in the previous days trading.
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.