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Lam Research Corporation (NDAQ:LRCX) target price raised to $220.00, issued a report today by Needham

Needham bumped up the target of Lam Research Corporation (NDAQ:LRCX) to $220.00 stating a potential upside of 0.16%.

On 9/12/2017, Argus released a statement on Lam Research Corporation (NDAQ:LRCX) bumped up the target price from $0.00 to $196.00 that suggested an upside of 0.14%.

Boasting a price of $189.78, Lam Research Corporation (NDAQ:LRCX) traded 0.47% higher on the day. With the last close up 20.83% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Lam Research Corporation has recorded a 50-day average of $173.95 and a two hundred day average of $155.48. Volume of trade was down over the average, with 59,939 shares of LRCX changing hands under the typical 2,130,460

Performance Chart

Lam Research Corporation (NDAQ:LRCX)

With a total market value of $0, Lam Research Corporation has price-earnings ratio of 20.33 with a one year low of $93.69 and a one year high of $189.13 .

A total of 18 analysts have released a research note on LRCX. Four analysts rating the company a strong buy, fourteen analysts rating the company a buy, one analyst rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $94.11.

More About Lam Research Corporation (NDAQ: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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