Lam Research (NASDAQ:LRCX) Raised to Positive at Susquehanna

Lam Research (NASDAQ:LRCX) was upgraded by research analysts at Susquehanna from a “neutral” rating to a “positive” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. The brokerage currently has a $125.00 target price on the semiconductor company’s stock, up from their prior target price of $75.00. Susquehanna’s price objective would suggest a potential upside of 42.60% from the stock’s current price.

LRCX has been the topic of several other reports. Morgan Stanley boosted their price target on Lam Research from $76.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and set a $90.00 price objective on shares of Lam Research in a report on Thursday, January 30th. Wolfe Research downgraded Lam Research from an “outperform” rating to a “peer perform” rating in a report on Wednesday, January 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $100.00 price target (down from $105.00) on shares of Lam Research in a report on Thursday, October 24th. Finally, B. Riley lowered their price target on Lam Research from $132.50 to $105.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.72.

Lam Research Trading Up 1.2 %

Lam Research stock opened at $87.66 on Thursday. The stock has a 50-day moving average price of $78.00 and a 200 day moving average price of $77.90. The company has a current ratio of 2.54, a quick ratio of 1.73 and a debt-to-equity ratio of 0.51. Lam Research has a 52 week low of $68.87 and a 52 week high of $113.00. The stock has a market cap of $112.53 billion, a PE ratio of 26.63, a P/E/G ratio of 1.43 and a beta of 1.46.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, January 29th. The semiconductor company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.04. Lam Research had a return on equity of 51.86% and a net margin of 26.49%. Equities research analysts predict that Lam Research will post 3.71 earnings per share for the current fiscal year.

Institutional Trading of Lam Research

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Lam Research by 892.7% in the 4th quarter. Vanguard Group Inc. now owns 120,787,727 shares of the semiconductor company’s stock worth $8,724,498,000 after acquiring an additional 108,619,564 shares during the period. FMR LLC lifted its position in shares of Lam Research by 1,032.6% in the 4th quarter. FMR LLC now owns 40,031,194 shares of the semiconductor company’s stock worth $2,891,453,000 after acquiring an additional 36,496,689 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Lam Research by 950.5% in the 4th quarter. Ameriprise Financial Inc. now owns 34,543,915 shares of the semiconductor company’s stock worth $2,495,128,000 after acquiring an additional 31,255,726 shares during the period. Geode Capital Management LLC lifted its position in shares of Lam Research by 907.1% in the 4th quarter. Geode Capital Management LLC now owns 31,428,010 shares of the semiconductor company’s stock worth $2,265,610,000 after acquiring an additional 28,307,499 shares during the period. Finally, Norges Bank bought a new stake in shares of Lam Research in the 4th quarter worth approximately $1,661,672,000. Institutional investors own 84.61% of the company’s stock.

About Lam Research

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.