Bernstein analyst Stacy Rasgon maintained a Hold rating on Lam Research (LRCX – Research Report) today and set a price target of $750.00. The company’s shares closed today at $977.52.
Rasgon covers the Technology sector, focusing on stocks such as Intel, Advanced Micro Devices, and Nvidia. According to TipRanks, Rasgon has an average return of 23.3% and a 66.67% success rate on recommended stocks.
Lam Research has an analyst consensus of Moderate Buy, with a price target consensus of $897.15, a -8.22% downside from current levels. In a report released on March 1, Wells Fargo also maintained a Hold rating on the stock with a $930.00 price target.
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The company has a one-year high of $982.45 and a one-year low of $461.40. Currently, Lam Research has an average volume of 1.05M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LRCX in relation to earlier this year.
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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.
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