Lam Research Corp. Reaches New 12-Month High at $56.00 (LRCX)
Lam Research Corp. (NASDAQ:LRCX)’s share price reached a new 52-week high on Tuesday, American Banking & Market News reports. The company traded as high as $56.00 and last traded at $55.86, with a volume of 1,963,162 shares traded. The stock had previously closed at $54.58.
A number of analysts have recently weighed in on LRCX shares. Analysts at Susquehanna downgraded shares of Lam Research Corp. from a “positive” rating to a “neutral” rating in a research note to investors on Monday, November 11th. They now have a $60.00 price target on the stock, down previously from $63.00. Separately, analysts at DA Davidson raised their price target on shares of Lam Research Corp. from $60.00 to $63.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Lam Research Corp. from $55.00 to $60.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Lam Research Corp. has a consensus rating of “Buy” and a consensus price target of $59.43.
Lam Research Corp. has a 1-year low of $37.89 and a 1-year high of $55.48. The stock has a 50-day moving average of $52.88 and a 200-day moving average of $50.88. The company has a market cap of $9.082 billion and a price-to-earnings ratio of 47.42.
Lam Research Corporation (NASDAQ:LRCX), is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry.
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