Lam Research (NASDAQ: LRCX) received a Hold rating and a $210 price target from RBC Capital analyst Mitch Steves today. The company’s shares closed yesterday at $186.93.
According to TipRanks.com, Steves is a 5-star analyst with an average return of 27.6% and a 83.3% success rate. Steves covers the Consumer Goods sector, focusing on stocks such as Semtech, Nvidia, and Cisco.
Lam Research has an analyst consensus of Strong Buy, with a price target consensus of $273.79.
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The company has a one-year high of $234.88 and a one-year low of $139.24. Currently, Lam Research has an average volume of 3.5M.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. Last month, Martin Anstice, the CEO of LRCX sold 25,122 shares for a total of $5,120,713.
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 the manufacture and sale of wafer fabrication equipment and services to the semiconductor industry. It offers thin film deposition, plasma etch, photoresist strip, and wafer cleaning. It operates through the following geographical segments: the United States, China, Europe, Japan, Korea, Southeast Asia, and Taiwan.
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