Lam Research (NASDAQ:LRCX - Get Free Report)'s stock had its "overweight" rating reiterated by stock analysts at Cantor Fitzgerald in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They presently have a $115.00 target price on the semiconductor company's stock, up from their prior target price of $90.00. Cantor Fitzgerald's price target would indicate a potential upside of 18.76% from the stock's previous close.
A number of other equities analysts also recently commented on LRCX. Stifel Nicolaus dropped their target price on shares of Lam Research from $100.00 to $92.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Bank of America cut their price objective on shares of Lam Research from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. TD Securities decreased their price target on Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft set a $70.00 price target on Lam Research and gave the company a "hold" rating in a research note on Thursday, April 24th. Finally, TD Cowen reduced their target price on shares of Lam Research from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $93.97.
Check Out Our Latest Stock Analysis on Lam Research
Lam Research Stock Down 0.0%
LRCX stock traded down $0.00 during midday trading on Tuesday, hitting $96.84. The company's stock had a trading volume of 4,503,419 shares, compared to its average volume of 12,286,679. Lam Research has a 12 month low of $56.32 and a 12 month high of $113.00. The firm's 50-day moving average is $81.92 and its 200-day moving average is $78.07. The company has a market cap of $123.87 billion, a PE ratio of 27.01, a P/E/G ratio of 1.35 and a beta of 1.65. The company has a current ratio of 2.45, a quick ratio of 1.64 and a debt-to-equity ratio of 0.39.
Lam Research (NASDAQ:LRCX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 EPS for the quarter, topping the consensus estimate of $1.00 by $0.04. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The firm had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. During the same period in the prior year, the business posted $7.79 EPS. Lam Research's revenue was up 24.4% on a year-over-year basis. On average, equities research analysts forecast that Lam Research will post 3.71 earnings per share for the current fiscal year.
Institutional Trading of Lam Research
Hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank increased its stake in Lam Research by 944.0% during the 4th quarter. Huntington National Bank now owns 294,762 shares of the semiconductor company's stock worth $21,291,000 after acquiring an additional 266,527 shares during the period. Cerity Partners LLC increased its position in Lam Research by 781.9% in the 4th quarter. Cerity Partners LLC now owns 331,170 shares of the semiconductor company's stock valued at $23,920,000 after acquiring an additional 293,619 shares during the period. B. Riley Wealth Advisors Inc. bought a new stake in shares of Lam Research in the 4th quarter valued at about $6,296,000. Pitcairn Co. acquired a new stake in Lam Research during the 4th quarter valued at approximately $1,013,000. Finally, First Citizens Bank & Trust Co. lifted its holdings in Lam Research by 47.8% in the first quarter. First Citizens Bank & Trust Co. now owns 121,902 shares of the semiconductor company's stock valued at $8,862,000 after buying an additional 39,414 shares during the period. Institutional investors and hedge funds own 84.61% of the company's stock.
Lam Research Company Profile
(
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Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.
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