In a report released today, Vivek Arya from Bank of America Securities maintained a Buy rating on Lam Research (LRCX – Research Report). The company’s shares opened today at $876.40.
Arya covers the Technology sector, focusing on stocks such as Intel, Nvidia, and Marvell. According to TipRanks, Arya has an average return of 22.9% and a 66.40% success rate on recommended stocks.
Currently, the analyst consensus on Lam Research is a Moderate Buy with an average price target of $977.55, representing an 11.54% upside. In a report released on April 18, Needham also maintained a Buy rating on the stock with a $1,030.00 price target.
The company has a one-year high of $1,005.22 and a one-year low of $488.20. Currently, Lam Research has an average volume of 1.06M.
Based on the recent corporate insider activity of 59 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.
