Stifel Nicolaus Analysts Reiterate a "Buy" Rating on Lam Research Co. (LRCX)
Thursday, July 07, 2021 6:10 PM

Equities research analysts at Stifel Nicolaus reiterated a "buy" rating on shares of Lam Research Co. (NASDAQ: LRCX) in a research note to investors on Thursday.

Separately, analysts at Goldman Sachs (NYSE: GS) upgraded shares of Lam Research Co. from a "neutral" rating to a "buy" rating in a research note to investors on Thursday, May 19th. Also, analysts at Standpoint Research initiated coverage on shares of Lam Research Co. in a research note to investors on Wednesday, May 4th. They set a "buy" rating and a $60.00 price target on the stock.

Shares of Lam Research Co. traded up 3.49% during mid-day trading on Friday, hitting $44.74. Lam Research Co. has a 52 week low of $35.39 and a 52 week high of $59.10. The stock's 50-day moving average is $44.8 and its 200-day moving average is $50.15. The company has a market cap of $5.570 billion and a price-to-earnings ratio of 7.36.

Lam Research Co. last announced its quarterly results on Wednesday, April 20th. The company reported $1.45 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $1.36 EPS by $0.09. During the same quarter in the prior year, the company posted $0.94 earnings per share. The company’s quarterly revenue was down 7.10% on a year-over-year basis. On average, analysts predict that Lam Research Co. will post $1.25 EPS next quarter.

Lam Research Corporation (Lam Research) is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry. The Company designs, manufactures, markets, and services semiconductor processing equipment used in the fabrication of integrated circuits. Its etch and clean technologies enable customers to build integrated circuits. Lam Research’s etch systems shape the microscopic conductive and dielectric layers into circuits that define a chip’s final use and function. The Company’s Customer Support Business Group (CSBG) provides products and services to maximize installed equipment performance and operational efficiency. The Company’s etch products selectively remove portions of various films from the wafer in the creation of semiconductor devices.

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.


 

Sponsors

Advertisement


Advertisement