Lam Research Corporation (NASDAQ:LRCX) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 14, 2016
Boasting a price of $98.91, Lam Research Corporation (NASDAQ:LRCX) traded 1.00% higher on the day. With the last stock price close up 14.32% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Lam Research Corporation has recorded a 50-day average of $94.37 and a two hundred day average of $86.34. Volume of trade was down over the average, with 981,737 shares of LRCX changing hands under the typical 2,481,710
Zacks Investment Research has downgraded Lam Research Corporation (NASDAQ:LRCX) to Hold in a statement released on 10/14/2016.
With a total market value of $0, Lam Research Corporation has price-earnings ratio of 18.91 with a one year low of $63.10 and a one year high of $102.44 .
A total of 18 equity analysts have released a ratings update on LRCX. Four equity analysts rating the company a strong buy, fourteen equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $94.11.
Brief Synopsis About Lam Research Corporation (NASDAQ:LRCX)
Lam Research Corporation is a supplier of wafer fabrication equipment and services to the semiconductor industry. The Company designs, manufactures, markets, refurbishes and services semiconductor processing systems that are used in the fabrication of integrated circuits (ICs). It operates through manufacturing and servicing of wafer processing semiconductor manufacturing equipment segment. Its products are designed to enable its customers build a range of devices that are used in a range of electronic products, including cell phones, tablets, computers, storage devices, and networking equipment. Its customer base includes semiconductor memory, foundry, and integrated device manufacturers (IDMs) that make products, such as dynamic random-access memory (DRAM), negative-AND (NAND) memory and logic devices. It offers a portfolio of products that are used in several areas of the semiconductor manufacturing process flow, including thin film deposition, plasma etch and single-wafer clean.
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