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Lam Research (NASDAQ:LRCX) has been upgraded from Neutral to Buy in a statement by Nomura earlier today.

Nomura has upgraded Lam Research (NASDAQ:LRCX) from Neutral to Buy in a statement released on 12/07/2017.

On 11/15/2017, RBC Capital released a statement on Lam Research (NASDAQ:LRCX) upped the target price from $210.00 to $225.00 that suggested an upside of 0.08%.

Having a price of $208.57, Lam Research (NASDAQ:LRCX) traded 1.14% higher on the day. With the last close up 24.45% from the two hundred day average, compared with the S&P 500 Index which has maintained over the same period. Lam Research has recorded a 50-day average of $175.34 and a two hundred day average of $156.33. Volume of trade was up over the average, with 3,836,983 shares of LRCX changing hands over the typical 2,142,210

Performance Chart

Lam Research (NASDAQ:LRCX)

With a total market value of $0, Lam Research has price-earnings ratio of 21.06 with a one year low of $93.69 and a one year high of $195.49 .

A total of 18 analysts have released a research note on Lam Research. 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 12-month price target of $94.11.

More About Lam Research (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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