Lam Research Corporation (NASDAQ:LRCX) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1 by 9 Brokerage Firm. 9 Wall Street Firms have rated the stock as a strong buys.
Other Equity analysts have also commented on the company shares. RBC Capital initiates coverage on Lam Research Corporation (NASDAQ:LRCX) The brokerage firm has issued a Outperform rating on the shares. The Analysts at the ratings agency announces the price target to $92 per share. The rating by the firm was issued on March 16, 2016.
Lam Research Corporation (NASDAQ:LRCX): The mean short term price target for Lam Research Corporation (NASDAQ:LRCX) has been established at $93.78 per share. The higher price target estimate is at $100 and the lower price target estimate is expected at $85 according to 9 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $4.58
Lam Research Corporation (NASDAQ:LRCX) rose 0.45% or 0.38 points on Tuesday and made its way into the gainers of the day. After trading began at $84.68 the stock was seen hitting $85 as a peak level and $84.0676 as the lowest level. The stock ended up at $84.66. The daily volume was measured at 1,330,147 shares. The 52-week high of the share price is $85 and the 52-week low is $61.2. The company has a market cap of $13,512 million.
Shares of Lam Research Corporation rose by 3.28% in the last five trading days and 10.81% for the last 4 weeks. Lam Research Corporation is up 5.97% in the last 3-month period. Year-to-Date the stock performance stands at 7.42%.
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.