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Lam Research (NASDAQ:LRCX) target price raised to $225.00, issued a report today by RBC Capital

Lam Research (NASDAQ:LRCX) had its target price raised to $225.00 by RBC Capital in a report released 11/15/2017. The new target price indicates a possible upside of 0.08% based on the company's last closing price.

Previously on 10/18/2017, Needham reported on Lam Research (NASDAQ:LRCX) raised the target price from $220.00 to $235.00. At the time, this indicated a possible upside of 0.21%.

Yesterday Lam Research (NASDAQ:LRCX) traded 1.14% higher at $208.57. The company’s 50-day moving average is $175.34 and its 200-day moving average is $156.33. The last stock close price is up 24.45% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time period. 3,836,983 shares of LRCX traded hands, up from an average trading volume of 2,142,210

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Lam Research (NASDAQ:LRCX)

Lam Research has 52 week low of $93.69 and a 52 week high of $195.49 with a PE ratio of 21.06 and has a market capitalization of $0.

In addition to RBC Capital reporting its stock price target, a total of 18 brokers have issued a research note on the company. The average stock price target is $94.11 with 4 brokers rating the stock a strong buy, 14 brokers rating the stock a buy, 1 broker rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On 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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