Northland Securities assumed coverage on shares of Lam Research Corp. (NASDAQ:LRCX) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm issued an outperform rating on the stock.
A number of other analysts have also recently weighed in on LRCX. Analysts at Northland Capital Partners initiated coverage on shares of Lam Research Corp. in a research note to investors on Wednesday. They set an outperform rating and a $58.00 price target on the stock. Separately, analysts at Piper Jaffray Cos. raised their price target on shares of Lam Research Corp. from $49.00 to $56.00 in a research note to investors on Thursday, August 1st. They now have an overweight rating on the stock. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Lam Research Corp. in a research note to investors on Thursday, August 1st. They now have a $58.00 price target on the stock.
Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $53.04.
Lam Research Corp. (NASDAQ:LRCX) opened at 47.22 on Wednesday. Lam Research Corp. has a 1-year low of $31.17 and a 1-year high of $51.00. The stock has a 50-day moving average of $48.81 and a 200-day moving average of $46.01. The company has a market cap of $7.691 billion and a price-to-earnings ratio of 71.55.
Lam Research Corporation (NASDAQ:LRCX), is a supplier of wafer fabrication equipment and services to the worldwide semiconductor industry.
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