2 days Ago By ABMN Staff
Lam Research ( NASDAQ:LRCX – Get Free Report ) had its price target reduced by equities research analysts at Stifel Nicolaus from $100.00 to $92.00 in a report issued on Tuesday, Benzinga reports.
The firm presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 41.23% from the stock’s previous close.
Several other research analysts also recently weighed in on the stock. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Lam Research in a research report on Thursday, January 30th.
Susquehanna upgraded Lam Research from a “neutral” rating to a “positive” rating and raised their target price for the company from $75.00 to $125.00 in a research report on Thursday, February 20th.
Sanford C. Bernstein upgraded Lam Research from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $85.00 to $91.
00 in a research report on Thursday, January 30th. The Goldman Sachs Group decreased their price objective on Lam Research from $96.00 to $85.
00 and set a “buy” rating on the stock in a report on Friday, January 10th. Finally, Jefferies Financial Group increased their target price on shares of Lam Research from $95.00 to $100.
00 and gave the company a “buy” rating in a research report on Friday, March 28th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, Lam Research currently has an average rating of “Moderate Buy” and an average target price of $93.
87. Check Out Our Latest Stock Analysis on LRCX Lam Research Stock Performance Lam Research ( NASDAQ:LRCX – Get Free Report ) last announced its earnings results on Wednesday, January 29th. The semiconductor company reported $0.
91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.04.
Lam Research had a return on equity of 51.86% and a net margin of 26.49%.
Sell-side analysts anticipate that Lam Research will post 3.71 EPS for the current fiscal year. Insider Buying and Selling at Lam Research In other Lam Research news, SVP Seshasayee Varadarajan sold 110,080 shares of the company’s stock in a transaction on Thursday, February 20th.
The stock was sold at an average price of $90.00, for a total transaction of $9,907,200.00.
Following the transaction, the senior vice president now directly owns 179,084 shares in the company, valued at $16,117,560. This represents a 38.07 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . 0.29% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Lam Research Institutional investors and hedge funds have recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in Lam Research in the 1st quarter valued at about $45,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Lam Research by 14.
0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 300,193 shares of the semiconductor company’s stock valued at $21,824,000 after purchasing an additional 36,825 shares during the period. Tritonpoint Wealth LLC grew its holdings in shares of Lam Research by 0.
8% in the first quarter. Tritonpoint Wealth LLC now owns 78,341 shares of the semiconductor company’s stock valued at $5,713,000 after purchasing an additional 658 shares in the last quarter. Azzad Asset Management Inc.
ADV purchased a new stake in Lam Research during the 1st quarter worth approximately $3,601,000. Finally, Salem Investment Counselors Inc. lifted its holdings in Lam Research by 5.
5% during the 1st quarter. Salem Investment Counselors Inc. now owns 4,716 shares of the semiconductor company’s stock worth $344,000 after buying an additional 246 shares in the last quarter.
Hedge funds and other institutional investors own 84.61% of the company’s stock. About Lam Research ( Get Free Report ) Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits.
The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products. Featured Stories Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter .
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