“Lam Research Corporation (LRCX) has been reiterated by TheStreet Ratings as a hold with a ratings score of C+ . The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and relatively poor performance when compared with the S&P 500 during the past year.”
,” the firm’s analyst commented.
Shares of Lam Research traded up 1.76% during mid-day trading on Friday, hitting $43.34. Lam Research has a 52 week low of $31.17 and a 52 week high of $45.29. The stock’s 50-day moving average is currently $41.48. The company has a market cap of $7.036 billion and a P/E ratio of 89.47.
Several other analysts have also recently commented on the stock. Analysts at Pacific Crest raised their price target on shares of Lam Research from $46.00 to $48.00 in a research note to investors on Thursday, February 28th. Separately, analysts at Susquehanna raised their price target on shares of Lam Research from $48.00 to $54.00 in a research note to investors on Wednesday, February 13th. They now have a positive rating on the stock. Finally, analysts at Cowen initiated coverage on shares of Lam Research in a research note to investors on Monday, February 4th. They set a neutral rating on the stock.
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