In a report released yesterday, Thomas O’Malley from Barclays maintained a Hold rating on Lam Research (LRCX – Research Report), with a price target of $825.00. The company’s shares closed yesterday at $848.16.
O’Malley covers the Technology sector, focusing on stocks such as Seagate Tech, Advanced Micro Devices, and Camtek. According to TipRanks, O’Malley has an average return of 7.7% and a 54.66% success rate on recommended stocks.
In addition to Barclays, Lam Research also received a Hold from KeyBanc’s Steve Barger in a report issued today. However, on the same day, Stifel Nicolaus maintained a Buy rating on Lam Research (NASDAQ: LRCX).
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Based on Lam Research’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.48 billion and a net profit of $887.4 million. In comparison, last year the company earned a revenue of $5.07 billion and had a net profit of $1.43 billion
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Lam Research (LRCX) Company Description:
Founded in 1980, California-based Lam Research Corp. manufactures, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning.
Read More on LRCX:
- Lam Research Corporation Reports Financial Results for the Quarter Ended December 24, 2023
- Options Volatility and Implied Earnings Moves Today, January 24, 2024
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