Lam Research (LRCX) Receives a Rating Update from a Top Analyst

B.Riley FBR analyst Craig Ellis maintained a Hold rating on Lam Research (LRCX) yesterday and set a price target of $160. The company’s shares closed yesterday at $145.73, close to its 52-week low of $133.42.

Ellis said:

“We found Anstice articulate and persuasive in presenting LRCX’s strategy and customer value proposition. By our tally, it’s the fourth YTD conduct-related Cap CEO departure, but the first in Semi Caps.”

According to, Ellis is a top 100 analyst with an average return of 19.7% and a 60.0% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Applied Materials Inc, and Axcelis Technologies.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lam Research with a $194.29 average price target.

See today’s analyst top recommended stocks >>

Lam Research’s market cap is currently $22.35B and has a P/E ratio of 10.94. The company has a Price to Book ratio of 4.20.

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 Corp. engages in manufacturing and servicing of wafer processing semiconductor manufacturing equipment. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts