Lam Research (NASDAQ:LRCX) Now Covered by The Goldman Sachs Group

Stock analysts at The Goldman Sachs Group initiated coverage on shares of Lam Research (NASDAQ:LRCX - Get Free Report) in a research report issued to clients and investors on Thursday,Benzinga reports. The firm set a "buy" rating and a $115.00 price target on the semiconductor company's stock. The Goldman Sachs Group's target price points to a potential upside of 15.22% from the stock's current price.

LRCX has been the topic of several other reports. UBS Group lowered their price objective on shares of Lam Research from $95.00 to $90.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Morgan Stanley increased their target price on shares of Lam Research from $82.00 to $87.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 1st. Bank of America cut their price objective on Lam Research from $110.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Argus raised Lam Research to a "strong-buy" rating in a report on Friday, April 25th. Finally, Citigroup reiterated a "buy" rating and set a $108.00 price objective (up from $87.00) on shares of Lam Research in a research note on Monday. Seven research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Lam Research currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.48.

Lam Research Trading Down 0.0%

Shares of LRCX opened at $99.81 on Thursday. The stock's 50-day moving average is $87.37 and its two-hundred day moving average is $79.49. The stock has a market cap of $127.67 billion, a PE ratio of 27.82, a P/E/G ratio of 1.41 and a beta of 1.68. Lam Research has a 12 month low of $56.32 and a 12 month high of $113.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.45 and a quick ratio of 1.64.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.04. The business had revenue of $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Lam Research had a return on equity of 53.21% and a net margin of 27.18%. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the company posted $7.79 EPS. Equities analysts forecast that Lam Research will post 3.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Smallwood Wealth Investment Management LLC purchased a new stake in Lam Research during the first quarter valued at approximately $26,000. West Paces Advisors Inc. purchased a new position in shares of Lam Research during the 4th quarter valued at about $27,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Lam Research in the 4th quarter valued at $27,000. Avalon Trust Co lifted its stake in shares of Lam Research by 791.3% in the 4th quarter. Avalon Trust Co now owns 410 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 364 shares during the period. Finally, Bruce G. Allen Investments LLC boosted its position in Lam Research by 207.3% during the second quarter. Bruce G. Allen Investments LLC now owns 421 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 284 shares in the last quarter. 84.61% of the stock is owned by institutional investors.

About Lam Research

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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