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Lam Research (NASDAQ:LRCX) target price raised to $220.00, released a report earlier today by Needham

Having a price of $186.99, Lam Research (NASDAQ:LRCX) traded 0.47% higher on the day. With the last stock price up 20.83% from the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.03% over the same period. LRCX has recorded a 50-day average of $173.95 and a two hundred day average of $155.48. Trade Volume was down over the average, with 59,939 shares of LRCX changing hands under the typical 2,130,460

Reporting a possible upside of 0.18%, Needham increased the price target of Lam Research (NASDAQ:LRCX) to $220.00

On Tuesday September 12, 2017, Argus released a statement about Lam Research (NASDAQ:LRCX) upped the target price from $0.00 to $196.00 that suggested an upside of 0.15%.

Recent Performance Chart

Lam Research (NASDAQ:LRCX)

Lam Research has P/E ratio of 20.33 with a 52 week low of $93.69 and a 52 week high of $189.13 and has a total market value of $0.

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 (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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