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Pacific Crest downgraded Lam Research (NASDAQ:LRCX) from Overweight to Sector Weight in a report released today.

Just yesterday Lam Research (NASDAQ:LRCX) traded -2.51% lower at $99.59. Lam Research’s 50-day moving average is $94.09 and its 200-day moving average is $86.17. The last stock price is up 15.57% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 4,912,581 shares of LRCX traded hands, up from an average trading volume of 2,444,900

Pacific Crest has downgraded Lam Research (NASDAQ:LRCX) from Overweight to Sector Weight in a report released on 10/12/2016.

Previously on Tuesday September 27, 2016, Zacks Investment Research released a statement about Lam Research (NASDAQ:LRCX) increased the target price from $0.00 to $102.00. At the time, this indicated a possible upside of 0.10%.

Recent Performance Chart

Lam Research (NASDAQ:LRCX)

Lam Research has 52 week low of $63.10 and a 52 week high of $102.44 with a PE ratio of 19.08 and has a market capitalization of $0.

In addition to Pacific Crest reporting its stock price target, a total of 18 brokerages have issued a ratings update on the company. The average stock price target is $94.11 with 4 brokerages rating the stock a strong buy, 14 brokerages rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages 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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