In a report released today, Mark Li from Bernstein maintained a Hold rating on Lam Research (LRCX – Research Report), with a price target of $950.00. The company’s shares closed last Friday at $956.65.
According to TipRanks, Li is a 5-star analyst with an average return of 32.3% and a 72.34% success rate. Li covers the Technology sector, focusing on stocks such as Applied Materials, ASML Holding, and Lam Research.
Currently, the analyst consensus on Lam Research is a Moderate Buy with an average price target of $927.40, representing a -3.06% downside. 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 $1,007.39 and a one-year low of $461.40. Currently, Lam Research has an average volume of 1.07M.
Based on the recent corporate insider activity of 54 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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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